When innovating for the future, don't forget to:
๐ Build API-enabled, data-rich & open architecture
๐ Assess and understand current capabilities and gaps to create agile and innovative organisations
๐ฏ Develop new strategies, capabilities and models
#innovation#insurance
Are connected ecosystems the way forward?
Connecting ecosystems between insurers, third parties and distribution partners means:
โก Enabling rapid data sharing
๐ฃ Better and more personalised services
๐ Improved customer experience
๐ก Operational improvements
"more and more insurers recognise the importance of ecosystems as a key source of growth and value.
New opportunities exist for partnerships in wider crossindustry ecosystems, and new customer-centric digital platforms are being built that are transforming customer value props."
โฌ๏ธ Infinite Scalability โฌ๏ธ
Bob Crozier explains how blockchain in insurance is being scaled and what are the benefits for the industry.
"scalability to me is just a technological hurdle that we've begun to overcome already."
#reinsurance#blockchain
https://t.co/jo7Z2Eh39r
๐กInsights from the team ๐ก
Ahead of the upcoming release of B3i Re v3.0 โ we provide an update on new product features. This month we discuss B3i Reโs new Digital Contracts and Facultative Reinsurance features.
https://t.co/GRZ3yluobM
#reinsurance#innovation#insurtech
๐ก When using blockchain to place reinsurance contracts, what matters most to the user?
We hear from Caj Werkstrรถm (Nordic Nuclear Insurers) on how this technology is being used to improve the way they're doing business.
#reinsurance#pools#blockchain
https://t.co/kUwi48PtjM
๐ Translating contracts into code - how does it work?
Magda Sarasola discusses how we go from language in a contract to consistent and incorruptible code on distributed ledger.
#reinsurance#blockchain#dlt
https://t.co/VYmrgM23Go
๐ "I can only see it getting faster and faster from here"
Bob Crozier shares insights from using blockchain at Allianz:
โ Their international claims solution, which settles the entire volume of their international car insurance claims across Europe.
#blockchain#reinsurance
As part of B3i's partnership with @msg_group, we are helping the industry to innovate.
๐กWe're inviting business leaders, (re)insurance and innovation experts to take part in our FREE two-hour co-creative workshop ๐
๐ Register here: https://t.co/KmQZAwz2kj
What's included?
โ In-depth and effective two-hour free virtual workshop dedicated to your team
โ Get access to industry experts and learn new innovation techniques
โ Generate tangible insights to take back to your business
๐ด We're live with The Institutes RiskStream Collaborative
Kicking off this new collaborative Lab series which will explore an interesting new approach to parametric insurance across homeownersโ #insurance and #reinsurance that leverages #blockchain technology.
๐ฃ In the News: @intelligentins
Re/insurance giants Swiss Re and Allianz have placed the โworldโs firstโ legally binding reinsurance contract on distributed ledger technology (DLT)
https://t.co/aNELaaAi7x
#innovation#reinsurance#insurtech
๐ฃ In the News:
Great article from Reinsurance News following B3i's recent announcement with Allianz and Swiss Re
https://t.co/Aez7xq4N59
#reinsurance#innovation#insurtech
๐ Absolute Contract Certainty has Arrived.
B3i CEO John Carolin shares his thoughts on this global first and how businesses are blazing the trail of digital transformation.
Find out more here: https://t.co/0O0SKfA2z8
๐ฏ Modern
๐ฏ Efficient
๐ฏ and Effective
Making use of B3i's private and secure network, find out what Theo Bachmann, Head P&C Centre Reinsurance at Swiss Re had to say about the latest news.
https://t.co/0O0SKfA2z8
#reinsurance#innovation#blockchain
๐ A Step into the Future
Here's what Jan Stoermann, Chief Underwriting Officer at Allianz Re had to say about the first legally binding reinsurance contract on distributed ledger.
Read the story here: https://t.co/0O0SKfA2z8
#reinsurance#innovation#blockchain
I was really pleased to go in-depth on @Allianz_Tech#blockchain work and success, what the hurdles were (and are) and how to navigate them, we covered a lot of ground from #ics to @B3iTechโฆ worth a read.