Posted in MicroInsurance blog on Jun 16, 2018
Parametric insurance is not wildly known about. Its one of the many insurance industries best kept secrets. However it is becoming a more used terms these days because of the focus on Tech and customer services. Parametric insurance can be very attractive to groups, individuals and even companies. It offers to pay out on given triggers (or parameters) and then the ‘insurance’ is paid out on that basis.
Multiple mobile applications (Apps) are creating a vast amount of jobs and creating new opportunities for people looking to try new things and break the norm or even get back into work. But who is going to own your reputation?
Posted in MicroInsurance blog on May 08, 2018
It is always great to find a web site that is global and shows what people care about and what their dreams are. Check out how Dollar Street helps us design our insurance products, its also great fun and will help your understanding of people.
Posted in MicroInsurance blog on May 07, 2018
Insurance companies can be reluctant to offer index or parametric insurance owing to the perception it’s difficult to assess and overall, complicated to evaluate. Many insurers lack the needed knowledge and technical understanding to develop a sustainable and profitable parametric insurance solutions. Microinsurance is about to launch its first policy in partnership with its global partners. Parametrics could be a game changer for the developing economies of the world and the sharing economy as the need for efficient processing grows.
Posted in Cyber Insurance blog on Apr 23, 2018
Behind the news headlines of large number grabbing events are the many micro and small businesses that are also being attacked. Its not true that hackers only go after large businesses. Scammers and Hackers throw a wide net and small businesses are falling into their traps.
There is no single future of work. The only more certain thing is that all work will change; the technology, your colleagues, hours, terms, tools, colleagues, coffee and hopefully the commute.
Posted in InsurTech blog on Apr 07, 2018
This is an indepth look at AI and the opportunites it offers for the new work place. People worry about the impact of AI, however we need to adapt and change. Life is full of opportunities.
Posted in InsurTech blog on Apr 06, 2018
The new InsurTech / FinTech start-ups are focused on ‘customer experience’. This is defined by cutting down questions to a minimum, using ‘social’ data to fill in the blanks to give a quote for insurance or a loan. These companies use customers social media, third party apps and other accounts to gain information to provide quotes and service with minimum input from the user.
With the ability to gather significant amounts of data with ease, firms with sharing economy models are prime candidates to support and operate alternative risk structures to solve their unique insurance needs. They need new partners which can bring technology and insurance together in one place.
Posted in MicroInsurance blog on Mar 05, 2018
Look before you leap.....Insurance is typically poor at technology, marketing and dealing with global issues. Their compliance, whilst very protective, also slows the industry down. It can be very hard to put a global insurance program together based on new areas of risk or a new way of looking at the risk