Up to DIA #41

A new week so that means a new packed Up to DIA! In this 41st edition, you'll find a special group discount for ITC DIA Europe Munich, a new batch of videos on DIA TV, the announcement of Unveiling Insurtech report, an exciting lecturer at the Executive Education Course, an interview with Adriano de Matteis and Emmanuel Djengue of RGA, and two interesting editorials about insurtechs SAP Fioneer and Faktor Zehn.

Special group discount for ITC DIA Europe Munich

On 22-23 November, at our next event ITC DIA Europe Munich, we will tackle both short- and long-term challenges that the insurance industry is currently facing or will be facing in the future.

We’ve observed an encouraging trend of insurers attending our events with their teams, and rightfully so. Considering the challenges we face, attending our events as a group will prove to be even more effective.

To encourage our attendees to come together with their team, we’ve arranged for special group discounts. We offer group discounts starting at three people (15% off).

For more information, please check out our website or enquire directly at [email protected].

Talk Show Playlist DIA TV

You now have the wonderful opportunity to check out the first release of the inspiring and insightful presentations of ITC DIA Europe 2023 on DIA TV!

For example, (re)watch ITC DIA Europe Talk Shows in which urgent topics, like climate change and artificial intelligence, are being discussed by speakers from the most renowned companies in the industry.?

Check out the Talk Show playlist on DIA TV.

Executive Education Course

Are you interested in diving deeper into the topics and challenges involved in innovation in the Age of Data?

Then please join us for the Executive Education Course ‘Insurance Innovation in the Age of Data’, a joint initiative of ITC DIA Europe and the University of St. Gallen’s Institute of Insurance economics, which starts on September 27.

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 is Christian Hildebrand, Professor of Marketing Analytics at University of St. Gallen, who will discuss customer excellence in the age of data.

Christian will share his insights on the customer of the future, the new principles and the role of data, and how to understand the difference between customer centric innovation vs. data centric innovation.

In only 2 hours per week, you’ll learn from the Leaders: academic thought leaders, insurance executives, and insurtech leaders responsible for new innovations.

BONUS: When you register for the course, you will get a free ticket to ITC DIA Europe Munich 2023!

Learn more on the course right here.

Unveiling Insurtech

The insurtech landscape has changed. Valuations aren’t what they used to be and cash flow (and excitement) has shifted from B2C to B2B players.

This has led to new questions arising around what we should expect from our industry both in the short and long term.

ITC DIA Europe is proud to give you another report to help you understand the trends shaping the insurtech space and how you should engage with the leading players in the market.

Special thanks to all of our contributors and to FinTLV Ventures for partnering with us on this report.

Check out the full report here.

Why staying relevant in the life insurance industry requires constant innovation

While changes in an industry can build momentum and disrupt industry norms, they can also create misalignment between traditional, risk-averse avenues and those that are unknown and more exploratory in nature.

We sat down with Adriano de Matteis, Managing Director, Southern Continental Europe at Reinsurance Group of America, Incorporated and Emmanuel Djengue, Director, Innovation and Partnerships EMEA at RGAX to discuss how life insurance carriers can stay relevant in an ever-changing industry.

In this interview, we asked them about innovation priorities and processes at RGA and what they think the future for life insurance (and RGA!) might bring.

SAP Fioneer’s Engagement Hub: supporting insurance digitalisation and reducing time-to-market to mere days/weeks

Insurtechs can help insurers to future-proof their business and adjust to changing customer needs in a more flexible and agile way.

SAP Fioneer’s Engagement Hub has been designed to bridge the gap between core insurance systems and distribution channels.

It helps insurers to facilitate digital distribution and efficiently assemble fit-to-market insurance offerings, while reducing both time-to-market, as well as operational costs. It also enables embedded insurance and the development and implementation of new business models.

At ITC DIA Europe in Barcelona, Nikola Djokic, MD Insurance, and Nikola Raseta, Senior Consultant, presented a demo of the MVP of Engagement Hub, showcasing several newly added capabilities.

Faktor Zehn: core system modernization to implement new futureproof digital business models

Now more than ever, insurers are focusing on technology and the role it can play in helping them to develop and future-proof their business. Central to further growth and innovation is core system modernization – it’s the key to successful digital transformation.

Faktor Zehn offers modern and futureproofed solutions for core insurance processes, which are available either as a complete end-to-end suite or as modular systems.

From product definition to offer management, policy management, and claims management to a sub ledger solution, a business partner system, a commission system, a print system as well as a portal solution for end customers – Faktor Zehn offers insurers an all-in-one solution.

And that's it for Up to DIA #41. If you want to stay on top of the latest innovations and trends in the industry, please subscribe to our daily newsletter. Thank you for reading and see you next time!