Get Your Insurance Fix on "The Insurance Couch" Podcast!

Join Oliver Lang, former CEO of InsurTech Unicorn Wefox/One Insurance, Supervisory board member and Advisor and Nikolaus Sühr, Co-Founder and CEO of InsurTech Enabler KASKO as they bring you unique insights from their experiences in the insurance world. 

This episode is all about solidarity in the insurance industry 🎙️

These are some key points about what to expect to learn from the conversation in this podcast session:

📌 Equal societies are less fragile

📌 Including the state-run systems insurance accounts for more than 25% of GDP so determining their level of solidarity is an important task for every society.

📌As a society we never took the decision about how much solidarity we want in insurance deliberately

📌In insurance lines run by private insurance companies the level of solidarity is dramatically decreasing

📌As a larger employer you can build your own insurance portfolio with your employees and set your own level of solidarity within your workforce

📌As insurance companies & intermediaries, you should actively seek the opportunity of creating solidarily collective portfolios for large employers and associations 

Listen to "The Insurance Couch" to stay tuned for the newest chatter about the industry! 

#insurance #insuranceindustry #business #versicherungsbranche #versicherung #versicherer #solidarity #society #social

Get Your Insurance Fix on "The Insurance Couch" Podcast!

Join Oliver Lang, former CEO of InsurTech Unicorn Wefox/One Insurance, Supervisory board member and Advisor and Nikolaus Sühr, Co-Founder and CEO of InsurTech Enabler KASKO as they bring you unique insights from their experiences in the insurance world. 

This episode is all about the role of IT in the insurance industry 🎙️

These are some key points about what to expect to learn from the conversation in this podcast session:

📌 You don’t have to be the "Apple" of insurance, it’s fine to be Foxconn

📌 Every insurer who still has a core system 5 years from now has made a big mistake

📌 If you run a project introducing a monolith system – stop it

📌 Modularity is more important than functionality and self-serviceability 

📌 45-plus-year-old lawyers will not use a low-code claims platform

📌 Don't be a Jack Welsh of insurance IT and leave tech debt to your successors

Listen in to "The Insurance Couch" to stay tuned for the newest chatter about the industry! 

#insurance #insuranceindustry #business #versicherungsbranche #versicherung #versicherer #IT #InsurTech #Tech

Get Your Insurance Fix on "The Insurance Couch" Podcast!

Join Oliver Lang, former CEO of InsurTech Unicorn Wefox/One Insurance, Supervisory board member and Advisor and Nikolaus Sühr, Co-Founder and CEO of InsurTech Enabler KASKO as they bring you unique insights from their experiences in the insurance world. 

This episode is all about the changing world order & the war for talent in the insurance industry 🎙️

These are some key points about what to expect to learn from the conversation in this podcast session:

Changing World Order

📌 Insurers and reinsurers have been on top of the pecking order. This has changed.

📌 Insurance sales organizations are more attractive than insurers now.

📌 Today, money is pouring into sales organizations and carriers give back capital to the market

📌 You can argue that the best setup for insurance carriers is as a mutual

📌 Total shareholder return will stay higher for sales organizations than in carriers

📌 Cost cutting must be massive in insurance carriers

War for Talent

📌 Insurance is not the top pick for most employees

📌 There has been an inflow of tech talent into the insurance sector

📌 Every fast-growing organization significantly invests in people

📌 Very few core system transformation projects have delivered on the efficiency gains

📌 You won’t find talent without allocating significant time

📌 Offering fully remote work is an important factor to find good talent

Listen in to "The Insurance Couch" to stay tuned for the newest chatter about the industry! 

#insurance #insuranceindustry #business #versicherungsbranche #versicherung #versicherer #HR #Talent

Get Your Insurance Fix on "The Insurance Couch" Podcast!

Join Oliver Lang, former CEO of InsurTech Unicorn Wefox/One Insurance, Supervisory board member and Advisor and Nikolaus Sühr, Co-Founder and CEO of InsurTech Enabler KASKO as they bring you unique insights from their experiences in the insurance world. 

This episode is all about Embedded Insurance & InsurTech valuation 🎙️

These are some key points about what to expect to learn from the conversation in this podcast session:

Embedded Insurance

📌Forcing a customer to buy Payment Protection insurance at a 90% commission ratio is not consumer friendly

📌Apple starting tracking-based health insurance could very well close a protection gap, especially in the US

📌In developing countries without existing insurance distribution infrastructure embedded is the only way to distribute micro-insurance

📌As a rule of thumb if you buy insurance with a high-margin product and/or if it's fully (obligatorily) embedded you’re more likely to get a good deal

InsurTech Valuation

📌The honest number on insurtech downward valuation is 80-90%

📌In private markets, valuations can still be pushed upwards by giving specific rights to investors

📌The markets value future achievements much lower than up to a year ago

📌For a lot of start-ups valuation under today’s standards is lower than the sum of liquidation preferences

📌With liquidation preferences, shareholders don’t sit in the same boat

📌A lot of start-ups need one or two more funding rounds to reach break-even

Listen in to "The Insurance Couch" to stay tuned for the newest chatter about the industry!

#insurance #insuranceindustry #business #valuation #insurtech #versicherungsbranche #versicherung #versicherer

Get Your Insurance Fix on "The Insurance Couch" Podcast!

Join Oliver Lang, former CEO of InsurTech Unicorn Wefox/One Insurance, Supervisory board member and Advisor and Nikolaus Sühr, Co-Founder and CEO of InsurTech Enabler KASKO as they bring you unique insights from their experiences in the insurance world. 

This episode is all about consolidation in the insurance broker industry 🎙️

These are some key points about what to expect to learn from the conversation in this podcast session:

📌 The result of a broker consolidation is typical that 5-10 large brokers own 70-80% of the market

📌 Large brokers have a huge bargaining power over insurers

📌 Small players can only survive when they have a special expertise in a region, a product line or a customer segment

📌 A broker with 50-100m EUR in revenue has a comfortable position today but will drop out of insurers’ priority list in the next 10 years

📌 Big broker brands will become household names

📌 The winners in Germany will have in excess of 1bn EUR commission income

📌 In other countries, the top 10 brokers haven’t grown organically but through massive M&A transactions

Listen in to "The Insurance Couch" to stay tuned for the newest chatter about the industry!

#insurance #insuranceindustry #business #versicherungsbranche #versicherung #versicherer