Up to DIA #38

A new week, a new Up to DIA #38. This 38th edition contains the announcement of Jonathan Larsen guest lecturing the Executive Education Course, a new episode of the Reinventing Finance Podcast, and four insightful editorials on the companies YOUPLUS, Yarowa AG, and Swiss Re Reinsurance Solutions' Impact+ Life & Health and Property Insights.

Pre-pre-sale for ITC DIA Europe Munich 2023 is open now!

The Future of Insurance comes back to Munich.

Purchase your ticket now and join us and many others at ITC DIA Europe Munich 2023! You'll save €400 compared to the at-the-door price.

If you're working at an insurance company, we have the special insurer pass for you! The insurer pass is open to anyone that works for an insurance company. With this pass, you'll save €800. Note that we do checks to prevent misuse.

Excited to join us in Munich this fall? Get your tickets for?ITC DIA Europe Munich?right?here.

Executive Education Course: “Insurance Innovation in the Age of Data”

Are you an Insurance Executive?

Then you should know about the central role of data in insurance innovation in our Executive Education Course: “Insurance Innovation in the Age of Data” co-hosted by the Universit?t St.Gallen (HSG).

This online business course speaks at the right executive level. It speaks about data in terms of how they add value; how it can help you grow your business; how you can Learn from the Leaders.

One of the leaders: Jonathan Larsen, Chief Innovation Officer at PING AN, will be a guest lecturer during the kick-off on the 27th of September: “Data is the Game Changer of the Next Decade of Insurance”.

Jonathan Larsen will share his tips & tricks on how to innovate as an insurance company: how to create value from data. With markets shifting from standardized mainstream solutions to segmented value propositions, tech, and data is part of the answer.

YOUPLUS: innovative and scalable process and B2B2C platform to improve the customer journey and increase customer value

From a traditional standpoint, incumbents still rely on legacy systems, preventing them from quickly developing new processes and products. Therefore, incumbents often try to convince partners and clients that the existing solutions are suitable for their needs.

YOUPLUS, a B2B2C (f)insurance group, is able to develop new solutions for different market segments with selected business partners fast, thanks to its digital platform and partner structure.

YOUPLUS is committed to providing a transparent and enjoyable experience for customers and brokers. Together with them, YOUPLUS develops tailor-made solutions based on their needs.

Swiss Re Impact+ L&H: Combining the power of data and technology for better risk insight

Impact+ Life & Health is Swiss Re’s data and analytics solution for Life & Health insurers. It is an innovative and modular analytics platform, powering up portfolio growth & profitability through plug-and-play utilities/products. It leverages Swiss Re’s deep knowledge of risk to provide distinct value along the Life & Health value chain, supporting cross-functional decisions.

At ITC DIA Europe in Barcelona, Swiss Re Reinsurance Solutions showcased their Claims Risk Scoring Model, part of their Medical Intelligence product. This comprehensive risk assessment tool provides near real-time risk assessments of every claim, reducing operational expenditures by 30% and claims outlays by 2% to 6%.

Swiss Re Reinsurance Solutions: Insights for property underwriting to help insurers become more efficient and competitive

Detailed data on individual risks is pivotal to providing a granular view for pricing, risk selection and portfolio management. The ability to access, process and leverage data for insights is often named a top challenge by insurance executives.

How can they overcome this challenge?

Swiss Re’s Property Insights solution combines a multitude of different datasets and models including building information, Swiss Re’s proprietary global hazard models, as well as third-party natural catastrophe models. It helps to inform on individual risks at the point of underwriting and how these insights can be easily integrated into different client systems.

At ITC DIA Europe in Barcelona, Swiss Re Reinsurance Solutions’ Paloma Quiroga, Head of Risk Consulting & Analytics, and Arnold L?w, Head of P&C Solutions EMEA, took the stage to talk about insights on property underwriting of exposure & hazards.

The Yarowa platform: Digitizing the claims process end-to-end?

Claims management processes still involve a lot of manual work and are very time-consuming and resource-intensive for many insurers. This leads to high costs and low customer satisfaction.

That’s why digitising and streamlining claims processes should be high on every insurer’s agenda.

Yarowa AG offers digital solutions for the entire end-to-end claims process and empowers its insurance clients by offering no-code solutions that can be configured and adjusted in real-time by the administrators: business representatives (Claims and/or UWR), who don’t need any IT knowledge.

At ITC DIA Europe in Barcelona, Yarowa’s CEO & Board Member, Andreas Akeret, and Country head UK, Paul Tombs took the stage to give insights in its no-code platform.

The Reinventing Finance Podcast - Episode 36 with Dr. Ali Hasan

Reinventing Finance Podcast?is a thought-provoking, entertaining, and critical podcast for anyone who is interested in the current developments of the Insurtech, Insurance, Fintech, and Finance market.

Hosts?Nikolaus Sühr, Co-Founder of?KASKO, and?Tom van der Lubbe, Co-Founder of?Viisi | Hypotheken, sat down with?Dr. Ali Hasan, Chief Medical & Healthcare Officer at?Vitality?in the UK. Vitality is a Subsidiary of?Discovery Limited?from South Africa and offers Health, Life & Car Insurance insuring 1,5m lives in the UK.

In this episode, Dr. Ali Hasan gave insight into Vitality, their business model, the insurer rationale behind it, the markets they operate in, and many other subjects.

Watch the episode now on DIA TV!

And that will be all for Up to DIA #38. Thank you for reading and see you next time!