What’s happening in the DIA Community Vol. 7 | DIA Community News
We’re excited to see that the DIA Community continues to grow. The companies we had on stage in previous editions and the partners we work with are booking amazing results furthering innovation in insurance.
We’re therefore very much looking forward to the next DIA edition in Munich 20-21 November. expect once again a great great variety of insurtech leaders ranging from challengers and enablers to provocative thought leaders from inside and outside the industry.
Continue reading to find out the latest updates from the DIA Community.
InsurTech Hub Munich and Dutch Association of Insurers sign cooperation agreement at DIA Amsterdam
It is DIA’s mission to accelerate innovation in insurance by connecting insurance executives with insurtech leaders and by building the most inspiring ecosystem. At the recent DIA edition, InsurTech Hub Munich (ITHM) and the Dutch Association of Insurers signed a Memorandum of Understanding to jointly foster new approaches and innovation in the field of InsurTech.
Click here to read more
DataRobot helps Worldwide Water Access Tapping into a Well of Data
Global Water Challenge, wanted to understand why rural water points that give water to nearly one billion people frequently broke. With the help of DataRobot, they began gathering data for the first time. Data was scattered across multiple sources, even within one country, and generally collected in different formats and mediums. The models built with are some of the first large scale uses of machine learning on water point data. The initial response by governments has been overwhelmingly positive as these tools help focus resources in resource-constrained environments. Now the’re exploring other areas where DataRobot can help address issues with distributed infrastructure and how they can actively work with key stakeholders on the ground to improve the data coming into the tool.
Click here to find out more about DataRobot
Mediktor amongst the Best Medtech startups in Europe
Congratulations to Mediktor! They have been named amongst the best Medtech startups in Europe. Valuer.ai has compiled a list of the best Medtech start-ups in each European country, that they believe everyone should watch out for. This list includes startups related to all different aspects of the medical process, e.g., an app that connects you to a medical center or a sensor that collects data from you while you sleep, could be included even if it overlaps with BioTech or HealthTech.
Click here to see the complete list
Al Specialists omni:us and FRISS Partner to Offer Claims, Fraud Detection Services
We are thrilled to see 2 DIA alumni — omni:us and FRISS — teaming up to “supercharge” insurance claims management and fraud detection. omni:us is a provider of AI-based cognitive claims management service, while FRISS is a provider of AI-powered fraud and risk solutions for the P/C insurance industry. The products of both companies complement each other by delivering AI capabilities that allow insurers to digitize, improve the efficiency of their claims process, and deliver better customer experiences, the companies added.
Click here to read more about FRISS and omni:us
AmTrust white paper: ‘Warranty Stack: Technology Innovation for Industry 4.0’
What will warranty technology of tomorrow look like and how will it change the business? In the white paper ‘Warranty Stack: Technology Innovation for Industry 4.0’, AmTrust’s Aleem Lakhani shows how the rise of connected devices of data they generate will have big implications for warranty business models and affect every stage in the warranty value chain. The warranty industry must embrace innovative and disruptive technologies to be meaningful in Industry 4.0.
Click here to read the white paper
DIAmond Award Winner Cytora and Convex develop AI powered solution for commercial insurance
Using Cytora’s platform, Convex will enhance its underwriting process, using data to achieve a more complete and increasingly accurate view of risk whilst helping underwriters improve risk selection. From its launch, Convex has positioned itself as a digitally-enabled insurer. Cytora is a trusted partner to global insurers, backed by leading venture capital, and supported by builders of some of the world’s most successful technology companies.
Click here to read more about Cytora
French insurer MAIF launches a mobile app dedicated to learner drivers’ training and safety – powered by DriveQuant
Wondering how to turn innovation with insurtech into top line and bottom line impact? Check out this new collaboration. DriveQuant and MAIF have developed “Conduire par MAIF” ("Driving by MAIF"), a mobile app dedicated to improving the driving skills of learner drivers. This innovative app acts as a true guide to simple and intuitive driving coupled with a learning booklet, and is the result of research and work carried out with 700 testers over a one-year period. "Conduire par MAIF" provides a fun way to support young drivers in their driving and to raise their awareness of both road safety and eco-driving.
Click here to read more about DriveQuant
Munich Re published its Trend Radar 2019 – Top 10 Trends
This is always something we look out to; in our view the best Tech Trend radar around. The Tech Trend Radar 2019 provides information about technology-driven trends, which are relevant in 2019 for the global insurance sector. It is a collaborative initiative by Munich Re Business Technology and ERGO IT Strategy.
Click here to read the report
Digital Fineprint launches Engage on the Salesforce AppExchange
Following the successful Salesforce Finserve programme, DFP has just launched Engage on the Salesforce AppExchange. The AI-powered Engage tool will enable insurers and brokers to transform the way they manage relationships with their SME clients. DFP Engage is the first ever InsurTech solution to be integrated with Salesforce, and provides a single source of truth about UK SMEs insurance needs. In one click, you can see the real-time risk profile of a small business, with in-depth and up-to-date business information including government data, social data, reviews and ratings, website data and policy suggestions.
Click here to read more about Digital Fineprint
Surfly Announces Strategic Partnership with Voitec to Drive the Customer Experience in Australia and New Zealand
Surfly, the world’s leading provider of co-browsing technology, announced its new partnership with Voitec, a leading provider of software solutions and business services focused on enhancing the customer experience. As part of the partnership, Voitec will market Surfly’s universal co-browsing to the Australian and New Zealand market. Surfly continues to see a growing demand from enterprises looking to adopt and deploy co-browsing across their organisation.
Click here to continue reading about Surfly
Report on InsurTech Hub Munich’s Werk1 Forward Insurtech Accelerator Demo Day
Demo Day on July 10, 2019, provided ten startups with the occasion to prove their concepts. More than 300 guests from ITHM’s corporate partners, industry representatives, investors, academia and government agencies joined the event at the European offices of Silicon Valley innovation platform Plug and Play Tech Center in Munich. They had eight weeks to meet with and learn from industry mentors, experienced founders and investors: as the ten participating teams of InsurTech Hub Munich’s fourth W1 Forward accelerator program pitched on Demo Day, the insurance industry listened attentively.
Click here to see how it went