Going digital is never simple, especially for individual re/insurers, but Swiss Re’s digital insurance engine has developed a model that leverages its ecosystem of partners to achieve advances that individual firms may struggle to reach on their own. Intelligent Insurer speaks to Carl Christensen, Swiss Re chief executive officer at iptiQ EMEA L&H, to find out more.
“Our goal is to ensure that the partners we work with make the successful transition to online sales of insurance.” Carl Christensen, Swiss Re chief executive officer at iptiQ EMEA L&H.
· Business already has strong foothold in Europe and US, with its sights now set on Asia Pacific
· Ecosystem offers tech investment scale-ups beyond what is achievable alone
· Valuation of $1 billion in 2019 earns iptiQ the label “first unicorn” of Swiss Re’s digital initiatives
· Age of large one-off tech investments is over, innovation requires “constant investment flow”
For anyone still unconvinced of the benefits of digital in 2019, COVID-19 ushered in an unplanned global experiment that has more than proved its worth. Society has been converted en masse to the value of digital working and retail in a matter of months.
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