A couple of weeks ago, I was fortunate enough to have the time to attend the StartUp Grind 2018 Global Conference, sponsored by Google (and other big names), in San Francisco. It was a congregation of a few thousand delegates made-up of tech business-starters and entrepreneurs alongside a collection of …Read more About Failure generates success
The famous phrase that has its roots in the “invention” of the internet in 1991. It was also famously tweeted by the internet’s “creator” Tim Berners-Lee at the opening ceremony of the London Olympics in 2012. But what does that have to do with insurance? Money flowing in Insurance, possibly …Read more About “This is for everyone”
In part 1, I looked at how most of the current wave of insurtech compares with “convenience tech” like Alexa, Uber and Nest. Is it possible to turn what is a grudge interaction like insurance into something usable and accepted by the mass consumer through an insurtech app or service? …Read more About The invention of grudgetech – part 2 of 2
“Anna’s” work and home life is made so much easier by the tech she uses, according to an article I read here yesterday. If only there were space for a smattering of insurtech … (Too) trusting of tech? I imagine that most of us recognise elements of that fictional day …Read more About The invention of grudgetech – part 1 of 2
Think of an electric car, you think of Tesla. Right now though, the world’s motor industry’s opinion of Tesla is divided in the extreme. There are those who see Tesla as the great new upstart that will take on and vanquish the fat, lazy, combustion engine-led incumbent manufacturers. In the …Read more About Parallel battles – but who will win?
(Written by someone who is a certified nerd, the earliest of early adopters and married for 17 years to a long-suffering tech widow…) Another week passes and yet another article on insurers pinning their hopes on the Internet of Things (IoT) making a worthwhile contribution to loss ratios and the …Read more About (Same old) Breaking news: Connected homes utopia – no thanks, not for now…
Against a shifting regulatory landscape, increased cost of doing business and dwindling customer loyalty, it may be that you are considering selling all or part of your business. It may be a decision you’ve reached recently as a result of something beyond your control turning against you, or one that …Read more About The thorny issue of business valuation
You’ll find us talking on here about insurtech and digitalisation, and there’s no doubt that the leaders of the pack will have been heavily investing in both over the past few years. However, you’ll also see us constantly focusing on the underlying principles behind both as a practical, reasonable, scalable …Read more About What’s good for the goose isn’t necessarily good for the gander …
Richard Thaler’s Nobel Prize-winning “Nudge Theory” is finding its way into tech and, specifically, insurtech. His contention is that positive reinforcement and indirect suggestion can affect the way humans think and behave, and therefore the outcomes of that behaviour. Insurtech is defined as being the use of technology and innovation …Read more About Nudge theory and insurtech – happy bedfellows?
2002 – the age before internet-based aggregators. There were a handful of sites that, based on a few pieces of information you provided them, offered prices from a limited selection of insurance providers. You then had to contact those providers to see if you could get the same or similar …Read more About Consumerisation is being succeeded by digitalisation