Insurtech

INSURTECH

Insurance + Technology

From the combination of the world of insurance and the most advanced technologies, new ways of creating and providing services are born. By innovative technologies we mean those systems of intelligent data collection, such as IOT, Machine Learning, Artificial Intelligence up to distributed systems such as Blockchain.

The projects completed

Insurance Agents Platform
A digital solution to simplify the management of relationships between insurance agents and companies. The platform integrates different insurance providers, allowing you to manage consultations, offers and practices for products such as RCA, Professional RC, home insurance, life and elementary branches. Users can monitor, manage and certify operations via DLT HyperLedger, ensuring transparency and security, and giving the possibility to report and certify the data history in blockchain.
Insurance Product Management Platform for Brokers
The project involves the development of a platform dedicated to insurance brokers, with advanced features for the management of insurance products based on territoriality, commercial perimeters and specific relationship areas. The system supports different types of users, guiding the entire proposition process and ensuring compliance with operational and regulatory procedures (compliance). The integration with the EOS Blockchain allows the secure notarization of operations, certifying each activity and interaction. Furthermore, it allows the signature and formal endorsement of the actors involved in the process. The use of Smart Contracts automates some operations, optimizing times and improving the transparency of the entire flow.

Digital Disruption in Insurance

A survey by the Fintech & Insurtech Observatory of the Milan Polytechnic in 2020 highlighted how a good portion of Italian Internet users between the ages of 18 and 74 have already adopted Insurtech services such as purchasing insurance policies digitally (27% of them), behavior-based insurance (8%) or mobile claims management (9%), always with medium-high levels of satisfaction.

This has brought ever greater attention to this sector and today we are experiencing a real transition period towards faster, leaner and above all decentralized models, where automation, inalterability, transparency and information security are placed at the center.

New technologies

incredible core speed and power, computational processing that minimizes errors and delays, connection to intelligent devices, new protocols and platforms that are easy to scale

Increased customer expectations

Customers expect experiences and interactions with greater choice, personalization, simplicity and ease

Data explosion

Rapid expansion of acquired data, sources will continue to provide insights into different risk attributes, driving the move to more tailored products and services

This will result in products with rapid speed of entry to the market, driven by consumer needs and lifestyles, tailored plans and more accurate pricing, assisted in a precise and timely manner by technology (e.g. drones, wearable devices, etc.) and with an increase in trust in systems and interactions.

How Technology Impacts the Insurance Industry

Digitalization is not only profoundly innovating every step of the insurance value chain, but also breaking it down into a variety of services that are now provided by different industry players.

grafico adamantic

Driving innovation across the entire insurance value chain

New products to offer better value propositions for customers
We offer a new way to create value, with products with high-tech features such as IoT devices, parametric policies or chat bots.
Innovative Marketing
We set up the distribution and marketing function through digital enablers, we provide innovative and easy-to-use digital channels.
Princing e onboarding
Abilitiamo gli operatori esistenti migliorando la capacità di sottoscrizione, il processo di on-boarding dei clienti e i prezzi.
Technology
We help existing players (brokers, underwriting agencies, insurers…) reduce their operating costs with technological innovation driven by efficiency and cutting-edge tools. An example is the possibility of reducing the burden of claims costs by using connected devices to help prevent and correct losses In InsurTech, emerging technologies are being leveraged to solve a wide range of industry problems and we are succeeding.

Italian Insurtech Association

We are pleased to have taken part in the Italian Insurtech Association, the Italian reference association for the players in the insurance supply chain who intend to innovate and develop products and offers to address the nine challenges launched by the digital consumer. The shared objective was to promote the progress of insurance innovation, create value thanks to the use of cutting-edge technologies, our core business.

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