May 2023

Witness the power of low-code technology in transforming your insurance business

Watch our recent webinar 'Transforming Insurance: Low-Code's Role in Digital Revolution' and listen to the lively discussion between Adacta experts, CMO Sebastjan Plavec and CPO Toma? Bartolj, and Camilo Gaviria, CTO of CLEVR. They discussed how low-code tech is changing the game for insurance.

They also tackled the hot question: Is low-code dead now that the LLM is emerging? And is the LLM coding the non-disputed king??

Discover the investment trends, benefits, challenges, and application options, and see what early adopters say. Is everything really as great and easy as it sounds?

Get the webinar on-demand now, watch it at your convenience and learn more about the overall impact of low-code on the insurance industry!

Editor's Pick: Trends from the main claims insurance event in Germany

Schadenemanagement & Assistance 2023, the two-day insurance event in Leipzig, welcomed almost 1,300 guests, around 100 exhibitors and more than 70 speakers. From Gen Z's demands to the impact of climate change on the industry, attendees were treated to a smorgasbord of presentations and discussions, each shedding light on a different aspect of the ever-evolving field of claims insurance.?

We were also there, exhibiting and participating in expertise exchange, and here is a snippet of what we’ve learned:??

• Experts delved into topics such as digital mobility ecosystems and innovative services like telematics tariffs and car subscriptions.?
• Exhibitors presented AI-supported systems for automating car damage assessment through 3D scanning and sophisticated cameras.?
• Michael Sz?nyi from Zurich Insurance Company Ltd emphasized the importance of prevention, urging the industry to view risk reduction as an investment.?
• Alica Menzel and Julia Klüh from SIGNAL IDUNA Group (the company is also one of our clients) offered insights on agile structures for AI development.?

All in all, the event was insightful, to say the least, leaving attendees with a newfound appreciation for the complex and dynamic world of insurance.?

Or as Ale? Zajc, our Business Dev Manager, summarized: “Insurers are adopting digital technologies to speed up claim assessment and enhance CX and are investing into connectivity hubs to automate cooperation with 3rd party repair specialists. Our AdInsure Claims solution meets these requirements with flexible workflows, role design, no-code/low-code approach, and a modern integration framework allowing easy integration with partners and service providers."

Tech trends: Top insurance technology trends transforming the industry in 2023

The insurance industry is about to get a major facelift thanks to the power of new digital technologies!??

As we jump into 2023, these tech trends are shaping the insurance landscape, and insurance companies need to keep up if they want to stay in the game.??

Get ready for:??

• some serious AI action: it will speed things up, provide better insights, and reduce risk;??
• the cloud - a total game-changer, as it is providing insurers with the immense computing power, needed to manage large data sets;?
• insurers are turning to low-code/no-code technology. Why? To stay agile;??
• ecosystems and embedded insurance will also be the answer to digitalization challenges.??

Other trends to watch out for include IoT, telematics, and usage-based insurance to offer more personalized experiences to customers.??

Don't get left behind - embrace the digital revolution today! Start with an insightful read of our latest blog post on the insurtech trends of 2023 and beyond!

Game Changers: Low-code and agile: The dynamic duo for digital business innovation?

To become a truly digital company, complementary approaches to people, processes, and technology are required. According to a Forrester report Low-Code And Agile: Rocket Fuel For Digital Business by John Bratincevic and Diego Lo Giudice, Principal Analysts for Forrester, agile and low-code practices can make a perfect pair for digital transformation. But digital companies with a software-centred business model know that finding the right developers can be like spotting a diamond in the rough, and getting everyone on board with agile practices can be a tedious task.?

The article argues that low-code development platforms are the missing piece in digital thinking today, as they lead to the agile behaviours that change management programs often fail to achieve alone. Low-code practices enact the Agile Manifesto’s values, making sprints shorter, experimentation easier, and development more collaborative. Agile governance should be the source of the light-touch governance required to bring discipline and scale low-code properly.??

The article concludes by stating that low-code platforms and agile values, principles, and practices can all fuel each other, making them the perfect combination for digital transformation rocket fuel.?

Postcards:?Discovering new tech horizons with Adacta Brno?

Have you ever been to Brno? It's a hidden gem. There's so much to see and do, from the ?pilberk Castle to the Cathedral of St. Peter and Paul and the Old Town. Brno is also a hub for tech and startups, which makes it an exciting place to be right now. It's the perfect combination of old and new, and we think it's a destination that everyone should visit at least once.?

Speaking of tech, we're thrilled to announce that our Adacta Brno team has joined the Czech Fintech Association. We're eager to soak up some knowledge on the local market and add our international experience into the mix.?

So, if you're looking for a partner in the Czech Republic, come by our Brno office!?