Google Tanslate

Select Language

Sign up and be the first to know

About Hugh Terry & The Digital Insurer

Hugh Terry & The Digital Insurer Video

Contact Us

1 Scotts Road
#24-10 Shaw Centre
Singapore 228208

Write an article

Get in touch with the editor Martin Kornacki

email your ideas at [email protected]

Pre Registration Popup

itcasia2020 Registration Popup

Share Popup

Prime Member: Find out more

Access a unique programme!
  • 56 pre recorded lesson of online content from industry experts over 7 courses
  • The best in digital insurance for practitioners and by practtioners
  • Online MCQ after each lesson
  • Join the discussion forum and make new friends
  • Certificate upon completion to show your expertise and comitment
  • 3 months to complete
  • Normal price US$1,400 Your Prime member price is US$999
  • Access to future versions included in your Prime membership!
Become a member

Prime Member: Contact Us

REach out to us. Please fill up the form below
Let us know how we can help. You can expect a response within 24 hours
Services of interest

Arthur D. Little

Arthur D. Little has been at the forefront of innovation since 1886. We are an acknowledged thought leader in linking strategy, innovation and transformation in technology-intensive and converging industries. We enable our clients to build innovation capabilities and transform their organizations. ADL is present in the most important business centers around the world. We are proud to serve most of the Fortune 1000 companies, in addition to other leading firms and public sector organizations. For further information, please visit


Finnovating is a Matching as a service platform that enables X-Techs from all around the word to connect , collaborate and get the funding they need to grow from investors and corporations globally. The Finnovating platform is a space were the key players of the Tech industry can connect together easily and boost global Tech innovations.


Sønr is the world’s most comprehensive source of innovation intelligence. It is a subscription platform used by some of the best known insurance companies globally.

It tracks millions of companies around the world and provides insight on the latest market trends, the startups and scaleups reshaping the industry, and intelligence on how other big insurers are innovating.

Sønr includes a suite of tools designed for teams to better collaborate and connect. From recording meetings to capturing and sharing Notes, to being able to track and share activity across the company using Watchlists and CRM boards.

The platform is backed up by a team of consultants, researchers and analysts who support clients in discovering and creating new business opportunities.

Usage Based Insurance – the New Normal? – E&Y Summary Report

Article Synopsis :

In today’s “sharing economy” insurance consumers expect the same level of simplicity and transparency they get elsewhere.

 The Digital Insurer reviews E&Y’s Report on Usage Based Insurance - the New Normal?

UBI is a closed-loop risk ecosystem measured and priced in real time

In the monograph  “Usage Based Insurance – the New Normal?”, EY asserts UBI as an opportunity for insurers to tailor products to customers’ specific behaviours and usage patterns, with greater flexibility, personalization and specialization.

Though there are currently 165 active UBI offerings across 35 countries encompassing five million policies, this still represents less than 1% penetration. EY expects this number to jump to 15% by 2020.

UBI holds the potential to reduce claims costs 40% and policy administration costs by as much as 50%. Evidence also suggests lower acquisition costs and more accurate pricing. The bad news is substantially lower premiums. The typical UBI solution for auto insurance takes six to nine months to deploy, including:

  • UBI configuration and product design
  • Actuarial analysis and market research
  • Systems integration
  • Website and portal development
  • Launch, roll-out and change management

Beyond “pay as you drive” (PAYD), EY envisions telematics-enabled “pay as you live” (PAYL) policies, utilizing real-time health and other contextual data to enable disruptive new products in life and health insurance.


Link to Full Article:: click here

Digital Insurer's Comments

Is UBI a disruptive or sustaining innovation? A disruptive innovation is defined as one that helps create a new market and value network, and eventually disrupts an existing market and value network over time.  This sounds like UBI to us.

It’s still insurance but insurance measured, delivered, and priced in real-time. There are privacy and security issues, but when the payoff is a 30-40% reduction in premiums, as EY and others suggest, consumers will find a way to make the market.

As IoT evolves and new synergies develop between insurance carriers, technology companies, manufacturers, mobile app developers and mobile network providers, UBI will eventually disrupt markets beyond auto.

Link to Source:: click here


Livefest 2019 Register Popup Event

Livefest 2019 Already Registered Popup Event

Livefest 2019 Join Live Logged-in Not Registered

Livefest 2019 Join Live Not Logged-in