S9Y

As a consequence of Innovator’s Dilemma, many of today's insurance companies struggle to innovate fast enough and make the move from being a digital transaction business to being a core digital business. According to the latest Gartner’s research, the majority of financial institutions are lagging behind with the technology and still have human labor with a rigid process in its core.

With an aging population, less loyal, often hard to engage millennials and with soon-to-come first digital Generation X, we know the only way to satisfy their high expectations is to utilize modern technologies such as Ai and IoT. We believe that having IoT sensors that enable Ai to speedup and improve processes, to actively prevent losses or build better risk models will not only help the business to grow but will also help to survive in the future. More importantly, when implemented well, technology will improve the overall user experience and low customer's trust in financial institutions.