Sabine VanderLinden

𝗕𝗹𝘂𝗲𝗽𝗿𝗶𝗻𝘁 𝗧𝘄𝗼 𝘂𝗽𝗱𝗮𝘁𝗲 𝗿𝗼𝘂𝗻𝗱-𝘂𝗽: 𝗮𝗹𝗹 𝘁𝗵𝗲 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗻𝗲𝘄𝘀 𝗮𝗻𝗱 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 Blueprint Two’s ability to stay on budget depends on whether the stage one testing ‘has been finished by October’, according to Lloyd's of London CEO John Neal in The Insurer. Blueprint Two is the digitalisation programme of the London insurance market and some of the key milestones have been pushed back. Neal has stated progress on the milestones will only happen if there is confidence the technology works. Blueprint Two has undergone delays with its planned roadmap. In March, it was announced that the first phase of Blueprint Two would be delayed. The target was July 1 but that was pushed back to a target date of October. In December last year, news broke that phase two would be delayed from October 2024 to April 2025. As posted in the AdvantageGo blog (https://lnkd.in/eWxMDytN), in January, the delays have some positives such as allowing more time to deliver the phases in good order. In other important Blueprint 2 updates, Velonetic has published the cutover plan and the executive summary on its website. The cutover plan is the transition process from heritage to Digital Processing Services. Velonetic will be holding walkthroughs of the cutover plan during July, which will run through the cutover and contingency plans, outlines key dates and activities such as dress rehearsals and the four stages of the cutover. Another important update from Velonetic is the information about the virtual data room. The virtual data room aims to support market participants in the cutover. The virtual room is managed by Deloitte. The virtual room will hold documents supporting the governance and assurance over the project. Market participants will be expected to use the virtual room to conduct their due diligence, Velonetic states. Access to the virtual room will be for the ‘Blueprint Two champion’ within each organisation impacted by the project. https://shorturl.at/Rs5mm #reinsurance #insurance #blueprinttwo #londonmarket #insurtech

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Zala Insurtech News: Habit, a Portuguese insurtech specialising in embedded insurance, digital and contextual distribution solutions, has announced the launch of a new protection solution for recurring payments / expenses: "Habit Bill Protection Insurance".  The post Habit Launches New Protection Solution for Recurring Payments  appeared first on Insurtech Insights. Read on below >> #insurance #innovation #insurtech

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Are you an insurance business searching for the perfect solution to take your operations to the next level? Evo is created with one goal in mind - to give insurance businesses a complete backend solution that can streamline their operations, reduce costs and help them reach more customers. With powerful, flexible tools that are customised to your specific requirements, Evo provides long-term value and support your company’s growth journey. Find out more https://goevo.co.uk/ #insurance #insurtech

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🚀 Curious about AI’s impact on the insurance industry? We're delighted to share our latest thought-leadership paper "AI as a Catalyst for Innovation in Insurance" – a visionary exploration rich with expert insights on AI's transformational role in our industry. This is no ordinary paper. Building on an extract from our Global Report released this January, 26 experts at the forefront of insurance innovation share their predictions for the future. Key takeaways include:  ‣ How AI is having a positive impact across the insurance value chain  ‣ Navigating the challenges and opportunities of data in AI adoption  ‣ The impact of Generative AI and machine learning on the customer journey (from acquisition through to claims)  ‣ Overcoming concerns around regulatory compliance, data privacy, and accuracy  ‣ Building the right foundations to harness the power of AI in insurance The paper explores how insurers can stay ahead of the curve, preparing for an AI-integrated future that's already changing the landscape at an incredible pace. It's time to reimagine customer engagement, operational efficiency, and product innovation! Join us in exploring the endless possibilities and preparing for the wave of change. 🌟 Download the AI eBook here >> https://lnkd.in/eRyY_MZm Thank you to our contributors: Patrice Amann Karun Arathil Dan Cole Melissa Collett Ashish Desai Kevin Gaut David Gritz Tim Hardcastle Daniel Jinga Geoff Keast Michael Keating Tony Lawrence Gary Leyden Robin Merttens Brad Middleton Jon Moody Prabir Panda Chris Payne Andrew Schwartz Sara Shipley Carsten Turk Andy Watts Will Wood #InsuranceInnovation #ArtificialIntelligence #Insurtech #AITransformation #FutureofInsurance #AIeBook #AIinInsurance

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Zala Insurtech News: Hiscox has announced today that it is rolling out its AI-Enhanced Lead underwriting model to all London market brokers following a successful proof of concept. The post Hiscox Rolls Out AI-Underwriting Product appeared first on Insurtech Insights. Read on below >> #insurance #innovation #insurtech

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This innovative approach by insurers in offering a core product that can be uniquely branded by agencies and brokerages, and distributed through personalised pages of sales agents, is truly setting a new standard in market reach and customer-centricity. By embracing technology and adapting to the changing landscape of the industry, these insurers are paving the way for a more efficient and customer-focused experience. With this majestic approach, we can only expect to see continued growth and success for both insurers and their clients in the future. #insuranceindustry #insurtech #insurancebroker #insuranceagents

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Group Solvency II SFCRs are due on 19 May. Here is a preview of 77 group SCR ratios processed by Solvency II Wire Data. https://lnkd.in/ejscMTuS #solvencyII #insurance #SFCR

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Exciting News for Ondo InsurTech Plc! 🚨 We are thrilled to announce that Ondo InsurTech Plc has been invited to join 10 of the top 25 U.S. P&C insurers in the IoT Insurance Observatory, a prestigious think tank driving innovation in #insurance #technology. 🌐💡 LeakBot USA Inc, a subsidiary of #Ondo, will now participate in this influential group, focused on the application of #IoT in insurance. This Think Tank includes industry leaders such as Nationwide, State Farm, USAA, Travelers, Allstate, and many others. LeakBot’s success in reducing water damage claims through its patented #technology has captured global attention, helping home insurers reduce claims costs by up to 70%. With water damage being the largest cause of home insurance claims in the U.S. and UK, #Ondo’s participation in the Observatory comes at a pivotal time, further solidifying their role as #innovators in the field. 💧 Craig Foster, CEO of Ondo InsurTech Plc, shared: "The timing is perfect. We look forward to sharing the results of our recent U.S. deployments with fellow members." We look forward to Ondo’s involvement in the upcoming sessions at ITC Las Vegas and its continued leadership in claims prevention technology. 📲 For more details, visit: www.ondoplc.com Read the full press release: https://lnkd.in/erF7UWMB #OndoInsurTech #LeakBot #IoT #InsuranceInnovation #WaterDamagePrevention #GreenEconomy #ITCLasVegas #InsurTech #IoTInsurance #ClaimsPrevention

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*** Allianz Partners becomes the First Foreign Reinsurer to launch operations in GIFT City *** From the media release: "Allianz Partners, ⭐a world leader in Insurance and Assistance services,  ⭐proudly announces the launch of its IFSC Insurance Office (IIO Reinsurance Branch) ⭐in GIFT City, Ahmedabad, ⭐marking a significant milestone in its strategic expansion efforts in India. The IIO ⭐is a reinsurance branch of AWP P&C S.A. ⭐a group entity of Allianz Partners headquartered in Paris, France, ⭐that aims to transform the reinsurance landscape in India with its B2B offerings. Mr. Vinay Surana, Managing Director - Asia Pacific, Middle East & Africa at Allianz Partners, said, "We are delighted to announce ⭐the launch of our Reinsurance Branch Office in GIFT City, Ahmedabad, India. ⭐This transformation marks a pivotal moment in our journey as we enhance our services, set new industry standards, and strengthen our leadership position in the market.” Mr. Tapan Ray, MD & Group CEO, GIFT City, said, “The launch of Allianz Partners Reinsurance Branch in GIFT City reflects our shared vision of creating a thriving ecosystem for financial services in India. ⭐This collaboration reinforces GIFT City's position as an attractive destination for international players, ⭐driving growth and innovation in the reinsurance sector. ⭐Allianz Partners' presence in GIFT City not only strengthens our global connections ⭐but also highlights the city's strategic advantages and business-friendly environment." Speaking on the occasion,  Charu Kaushal, CEO at Allianz Partners India remarked, ⭐"We take immense pride in being among the pioneers to establish a reinsurance branch in GIFT City. ⭐This marks a step in expanding our business within India, as we strive to implement a comprehensive strategy tailored to the dynamic needs of the market. ⭐Our priority is strengthening reinsurance and insurance solutions in the non-life sector." The branch aims to cater to diverse customer segments encompassing ⭐B2B, ⭐Reinsurance, ⭐Travel, and ⭐Mobile Device and ⭐Digital Risk. Situated within the GIFT City, Special Economic Zone (SEZ), the office leverages the benefits offered by the SEZ, including ⭐import-export advantages and ⭐tax exemptions. #insurance #insurancenews #apac #india Allianz #allianz #reinsurance https://lnkd.in/g7DRmkay

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In this exclusive interview recorded at Insurtech Insights Europe back in March, Daniel Grimwood-Bird from McKenzie Intelligence Services spoke with Nicole Efthymiou about the challenges insurers face when adopting data-driven approaches to claims handling. Other topics discussed during the interview include: - the major pain points for catastrophe response - the opportunities advanced analytics and intelligence offer insurers in streamlining claims handling and reserving major losses - future trends and technologies To watch the video in full 👉 https://lnkd.in/e6kWwNGr #insurance #insurtech #insuranceinnovation Simon Hayes Roma Braithwaite

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Daily Perplexity. This is all generated... however preplexity uses web scraping to collect information that we wrote together and this just happens to be a summary with citations which may be useful to people new to the guild. It's almost like having an assistant or an assistant researcher helping put together things like this. It's just a small lens and others can use perplexity as a front door to the guild you can even use this post as a prompt because it's been designed to be such #greyswanguild #appliedAI Using the rest of this post do a deep dive on other things Guild using the links below // add in more information and tags based on additional interests that you might have// So Meta. -- We love that the AI captured and linked Jennifer He 's article about the beginning of the Guild in her first experiences there. She is a producer and will always be a golden swan. It also captured another golden swan Fritz in the work that we did with Scott Phares Who helped us produce Leap Day of the Swan back in February this year. 💛🦢It Takes a village: -perplexity.ai 🧠🤖🦾 What inspired Rob Tyrie and Co to start the Grey Swan Guild? Rob Tyrie was inspired to help start the Grey Swan Guild in response to the challenges and uncertainties brought about by the COVID-19 pandemic. The Guild was founded as a collaborative global community aimed at making sense of the world's biggest challenges, particularly those that are unexpected and have widespread impact, termed as "Grey Swan" events. The idea was to create a think tank and advisory organization that could provide insights and strategies to navigate these complex situations[1][2][5]. The Guild's mission is to provoke thought, inspire action, and invite contributions from a diverse range of experts to address societal, cultural, economic, and technological challenges. By fostering a community of sense-makers, the Grey Swan Guild seeks to offer evidence-based insights and foster collaborative solutions that can drive positive change across various sectors[2][5]. Citations: [1] Leap Day of the Swan Press Release - Grey Swan Guild https://lnkd.in/g5j7wSPp [2] Editorial standards | Grey Swan Guild https://lnkd.in/g8xtFAHf [3] Day of the Swan III https://lnkd.in/gz4J4Mmf [4] Day of the Swan 2022 - Grey Swan Guild https://lnkd.in/gdHPrQwz [5] 2020: The Birth of Grey Swan Guild https://lnkd.in/gz-pkaE3 [6] Rob Tyrie - Coherent | LinkedIn https://lnkd.in/gm8far7G [7] GSG NEWS WRAP - Grey Swan Guild https://lnkd.in/gF_kGfnV [8] Transformation in Insurance through Gen AI: Conversations with Rob Tyrie https://lnkd.in/gTfaepyf

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We see way too many insurers still struggling to get the basics right when it comes to scouting and selecting tech partners. So, we rolled up our sleeves and put together a guide. Well, maybe less a guide (it feels a little grand for just a few hundred words) and more a set of recommendations based on years of working with leading insurance companies around the world. It covers the why you should partner, as well as the strategy for finding the right company your organisation. It's the first of many 'guides' so keep an eye out over the coming weeks 😉 Give it a read and let us know what you think! And please add to it in the comments below 👇👇 #TechScouting #Partnerships #Insurance

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Zala Insurtech News: Broadstone, a leading UK pensions employee benefits, investments and insurance consultancy has announced it is launching a standalone Insurance, Regulatory and Risk advisory division. The post Broadstone to Launch Dedicated Regulatory & Risk Advisory Division appeared first on Insurtech Insights. Read on below >> #insurance #innovation #insurtech

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NEW BLOG: The secrets to unleashing AI Our co-founder Louw Hopley, discusses how insurers could gain 10x productivity if they switched to a low code insurance platform, at the recent Insurtech Insights Conference in London. Louw's main talking points were: ✅ Collaboration ✅ Chatting to your data as a human ✅ Optimising claims processing Read the full blog and watch his speech on our website: https://lnkd.in/ewfGYK7Q #chatGPT #AI

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📢 Exciting News from Ondo InsurTech Plc (LSE: ONDO): Year-End Results for 31 March 2024! I’m thrilled to share the latest financial and operational highlights, reflecting significant strides in #claims #prevention technology for home insurers. This past year has been transformative for Ondo InsurTech Plc, marked by robust #growth, strategic #partnerships, and exciting #advancements. About Ondo InsurTech Plc: At Cassiopeia Services Ltd, we are proud to represent Ondo InsurTech, a world leader in claims prevention technology for home insurers. Ondo's flagship product, #LeakBot, is revolutionizing water damage prevention, the largest cause of home insurance claims in the US and UK. Partnering with 17 leading #insurance carriers, including Nationwide, Admiral, and Direct Line Group, Ondo is delivering innovative and sustainable solutions to the market. 📈 Financial Highlights: Sales Revenue: 29% increase, reaching £2.7 million. Recurring Revenue from Software and Services: A remarkable 41% growth, now at £1.4 million, with an annualized run rate of £1.7 million as of March 2024. Device and Set-up Fee Revenue: Up by 18%, totaling £1.3 million. Operating Loss: Significantly reduced to £3.2 million (from £5.9 million last year). Fundraising Success: Raised £1.0 million in November 2023 and £4.2 million in May 2024 to fuel our deployment pipeline. 🚀 Operational Highlights: Customer Growth: A total of 95,468 registered customers, a 37% increase from last year. US Expansion: Successfully launched LeakBot with partners in Ohio, New York, New Jersey, and Washington, adding Nationwide, Pure, Mutual of #Enumclaw. Market Reach: Their addressable households under contract have more than doubled to 5.2 million, with 2% penetration. 🌟 Post Period Events: Impact in Sweden: Länsförsäkringar reports a 40% reduction in water damage claims costs thanks to #LeakBot. New UK Partner: Ageas has started deploying #LeakBot in the UK as of June 2024. Customer Base Growth: Registered customers have grown to 111,000 by 26 July 2024. For more infromation, please visit : https://lnkd.in/et9bt8S6 Craig Foster CEO, shares: "It's an exciting time at #Ondo InsurTech. The recent confirmation from #Länsförsäkringar that LeakBot reduced their water damage claims costs by 40% underscores the significant impact of our technology. Our annual results reflect our global progress, especially our successful expansion into the USA. The indicators are promising, and we are laying a strong foundation for US-powered growth." #OndoInsurTech #AnnualResults #LeakBot #InsurTech #HomeInsurance #Sustainability #Innovation #GreenEconomyMark #FinancialResults #USExpansion #WaterDamagePrevention #CustomerGrowth #SustainableTechnology #InsuranceTech

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🐶 Even Fido knows it's time to learn new tricks in insurance! While our furry friends may not be mastering AI just yet, Lloyd's syndicates are certainly embracing it. Smart follow and algorithmic underwriting are transforming the London insurance market, and as savvy professionals, we need to stay ahead of the curve. Key insights for the curious minds: • Automation is reshaping traditional underwriting processes • Data-driven decision-making is becoming the new norm • Industry leaders like Hiscox are partnering with tech giants for AI solutions This shift offers exciting opportunities for innovation and efficiency. But like teaching an old dog new tricks, it requires dedication and adaptability. How is your organization approaching these changes? Are you unleashing the power of AI in your underwriting processes? Let's learn from each other and lead the pack in insurance innovation! Read the article: https://lnkd.in/e8Aa5EpM #InsurTech #AI #UnderwritingInnovation #ContinuousLearning

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