We’re in Munich, insurance capital of the world. Home to companies such as Allianz and Munich Re. These buildings might look traditional, but inside these walls a lot of innovation is going on. Some of these innovations can be pulled off by the insurers themselves. For other developments, insurance companies need to team up with industry specialists such as Insurtechs.
These Insurtechs can provide best-of-class solutions to provide core insurance modernization, touchless claims experiences and for instance leverage straight-through processing.
The advantages of these partnerships are numerous:
- Systems are constantly updated with new trends and customer requirements;
- They benefit from all the implementations the Insurtech has done;
- And they provide immediate value out of the box.
While some developments can be done in-house, other innovations are way more effective when leveraging Insurtech expert knowledge.
Wish to learn more?
Many insurers think about the same challenge when they want to automate their fraud analytics process: should we build it in-house or go for a cooperation with an external party? In our white paper we discuss:
- The perks of building VS the perks of buying
- SaaS VS On-premises
- Core system integration
