Kanopi CEO and Founder Nigel Fellowes-Freeman recaps the sponsored VIP Lunch session: Creating value through partnerships at this year's Insurtech Summit Australia.   

The event brought together leading insurers and domain experts who provided varying perspectives on the paradigm shift in insurance today and the race to digitise.   

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Learn more on how to reduce insurance operating costs with the help of technology in this blog post. 

Technology is transforming the insurance industry. New capabilities and efficiencies mean insurers must keep up with new apps and software and insurtech services can give them a competitive edge. Part of competing means keeping costs low, mostly by implementing new technology while keeping legacy systems running.  Controlling and reducing costs can give an insurance company a competitive advantage and increase profitability.   

Sonali Merhotra, Product Manager at Kanopi sheds some light on how emerging technologies can be the doorway to lower operating costs and new areas of revenue.  

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Learn more about how insurers can improve their speed-to-market and become more competitive in this blog post. 

A company that is first to offer a new insurance product or update has less competition. Moving quickly to adjust to trends such as climate change, the move to remote work, and driverless cars can help an insurer capitalise on new coverage needs while others lag. 

Speed to market depends on an insurer’s technology, internal processes and available resources. And in today’s fast-changing world, the ability to react to changes quickly is key to success. 

Gareth Plummer - Head of Product at Kanopi presents some tips insurers can use to increase their speed to market. 

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Learn more about the benefits of digital transformation and how insurers should embrace it in this blog post.   

Insurers want to increase revenues, reduce costs, encourage customer loyalty and promote brand recognition, like any other business. And emerging technologies are absolutely critical to achieving those goals.  

Customers are embracing digital channels and are becoming more used to automated services, and expect companies to respond to their needs quickly and deliver personalised, easy-to-use experiences. That is why insurtech companies help insurers stay ahead of the game by offering new capabilities that are better suited to today’s changing insurance market.

In this episode, Gareth Plummer - Head of Product at Kanopi, explains in under 5 minutes the implications of digital transformation within the insurance industry and how insurers stand to benefit from it.    

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Learn more about the risks climate change poses for insurers and how to adapt to them now. Link to article.

The effects of climate change may seem relatively innocuous to insurers, but because climate risk is systemic, it is likely to stress local economies and cause market failures that affect both consumers and insurers. This can make insuring some risks unaffordable for customers or unprofitable for insurance companies. 

In this episode, listen to Kanopi CEO and Founder, Nigel Fellowes-Freeman suggest 4 tips that can help insurers better prepare for the inevitable risks climate change will bring to the insurance industry. 

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Learn more about Insurance as a Service and how insurers can benefit from it in this blog article

In this episode, Kanopi's Chief Technology Officer - Martin Nuber breaks down the basics of Insurance as a Service, which is all about delivering insurance experiences through software. 

Building on the advent of 'xaas', insurance as a service is an industry-specific type of software-as-a-service. This software, or the technology platforms underpinning it, are often built from the ground up to be flexible so that it can be integrated and delivered into any digital platform, ecosystem or medium available.  

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Highlights include:

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