What’s Happening In The DIA Community Vol. 14 – DIA Community News
Bdeo and GT Motive Join Forces To Move Underwriting and Claims Forwards
Bdeo, the leading Insurtech in Visual Intelligence in Spain and LatAm, has announced a new partnership with GT Motive, a technology company specialized in automotive repair data. This partnership will enable accurate and reliable damage analysis and cost estimation, helping insurers automate their decisions and resolving underwriting and claims at a faster rate. Ana Asuero, Chief Product Officer at Bdeo commented on this agreement: “We are very pleased with this partnership with GT Motive. Thanks to this collaboration, Bdeo increases the capability of its Visual Intelligence engine in estimating the cost of a vehicle, allowing insurers to not only detect and estimate the cost of repairing parts, but also adding the ability to estimate replacement costs to their value chain.”
Click here to find out more about the partnership.
McKinsey Interviews Uwe Stuhldreier On Revolutionizing Insurance: The Personalized Insurance Engine
DIA’s Knowledge Partner McKinsey spoke to HUK24 executive Uwe Stuhldreier on how the personalized insurance engine works, how it can cater to customers’ needs, and how it may become an important game-changer for the insurance industry going forward. Uwe Stuhldreier—an executive at HUK24, Germany’s largest fully digital direct insurer—discusses a customer-centric, digitally enabled business model that could shape the future of insurance. HUK24’s growth has been largely due to its prioritization of simplicity for its customers, as it automates and expands online access across the customer journey.
Read the entire interview here.
Appian Publishes White Paper: The Future of Enterprise Application Development
Over 500 million digital applications and services will be developed and deployed by 2023—the same number of apps that have been developed over the last 40 years. To keep up with the growing demand for applications, IT teams need a more efficient way to quickly deliver powerful software. That’s where low-code comes in. In Appian’s newest white paper you can learn how low-code solves three challenges that plague every IT organization, what the common misconceptions are about what low-code is (and isn’t) and it prescribes 7 requirements to help you find the right low-code solution for your business.
To read the white paper click here.
Slice Launched New Feature Providing End-to-tend Digitization of the Customer Claims Journey
Slice Labs Inc. (Slice) has launched an automated claims settlement feature providing an end-to-end digitization of the customer claims journey. The digital claims journey provides an improved experience for customers and greater efficiencies for insurers by reducing the volume of manual claims handling and associated costs, increasing consistency and improving accuracy. All is made possible by leveraging technologies in natural language processing (NLP), document and receipt scanning, multilingual audio and video transcription and machine learning models for loss classification and depreciation.
University of St.Gallen and msg systems Organize Future.Talk
The digital Future.Talk 2/2021 of University of St.Gallen en msg systems, in which DIA’s Co-Founder Roger Peverelli will be a guest speaker, is dedicated to the digital value chain and the orchestration of ecosystems in three parts:
Part 1: The global InsurTech development – status and international trends?
Part 2: Digital Ecosystems in the Insurance Industry – Hype or Already Reality?
Part 3: Concrete practical examples – success factors of new platforms?
Click here to see how you can join Future.Talk.
UiPath Recognized as Robotic Process Automation Leader
UiPath announced it has been named a Leader in The Forrester Wave: Robotic Process Automation, Q1 2021. Among the 14 vendors evaluated, UiPath earned the highest ranking in each of three categories: Current Offering, Strategy, and Market Presence. The Wave examined the rapidly maturing RPA market. To assess and recognize the vendors driving the advancement of RPA, this year’s evaluation includes criteria such as bot design and development; bot deployment, management, and analytics; bot governance, platform model, and security; and supporting products and services.
Continue reading about the report here.
Somnox’ Success on TV Delivers A Run On Sleeping Robot
DIAmond Award Winner Somnox presented their innovative sleep robot on a new season of the Dutch show Dragons’ Den, resulting in 4 out of 5 investors who wanted to invest in the scale-up. Next to that, the entire stock of sleeping robots on the Somnox website was sold out the same evening. Somnox: “While the corona pandemic is still in full swing, we are seeing more than ever how much we need rest and a good immune system. Breathing is a powerful tool for that. With Somnox we slow down your breathing to help you sleep better.”
Read more about this news here.
Plug&Play Presents 154 Start-Ups of their Industry-Focused Innovation Programs
Plug&Play presents the batch of startups from 9 of their industry-focused innovation programs: Energy, Enterprise Tech, Fintech, Health, Insurtech, Internet of Things, Mobility, Real Estate & Construction, and Travel & Hospitality. The companies have been accepted into one of the following programs that run through June: Energy, Enterprise Tech, Fintech, Health, Insurtech, Internet of Things, Mobility, Real Estate & Construction, or Travel & Hospitality. “During the three months of the program, the selected startups will participate virtually in networking events, mentor sessions, focus weeks, and private dealflow sessions. They will be fully immersed in Plug and Play’s global network and be given numerous opportunities to work with industry-leading corporations and investors to kickstart pilot projects or potential investment. There is no equity requirement for startups to participate.”
Find out about the list of insurtech startups here.
AppMan Has Raised a New Series A Funding Round
AppMan, an insurtech SaSS platform in Thailand, has raised a new series A $4.6 Million US Dollars round from Private Equity Trust for SME Growing Together 1 with Siam Alpha Equity (SAE) as its Trust advisor, Krungsri Finnovate, Casmatt, KTBST as well as Poems Ventures, the venture arm of PhillipCapital group. This current round of fundraising will drive the support, expansion, and further development of their technology suite for the APAC region. AppMan uses Artificial Intelligence for insights screening to make financial institutions, investment and insurance industry more efficient and effective.