BEAST #7
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10<br />
#Business | InsurTech<br />
#Business | Opinion<br />
11<br />
DIVING INTO THE INSURTECH<br />
ECOSYSTEM<br />
CUSTOMER<br />
ENGAGEMENT<br />
CRM / Price aggregation<br />
Omni channel acquisition<br />
Digital claims process<br />
Online policy purchasing<br />
REGULATION<br />
& THE LAW<br />
Digital contracts<br />
KYC Identity verification<br />
Automated compliance<br />
processes<br />
WEALTH<br />
MANAGEMENT<br />
Algorithm asset management<br />
Digital savings plans<br />
Pension management<br />
SHOULD INSURANCE CREATE COMPANIES THEIR<br />
OWN INNOVATIVE SOLUTIONS OR RATHER<br />
COLLABORATE WITH INSURTECH STARTUPS?<br />
From my perspective the traditional actors of the<br />
insurance industry should focus on building<br />
ecosystems of expertise. As a matter of fact,<br />
this type of collaboration with startups and even<br />
traditional partners, is, according to me, the best<br />
way to accelerate and encourage innovation<br />
within the company/Group.<br />
Nowadays, many companies have the ability to generate innovation<br />
and to stir up the lines. In a creative environment, we are more<br />
easily able to capture new uses. There is a strong market trend<br />
showing that Groups tend to prefer creating their own ecosystems,<br />
allowing them to bring new competencies and expertise around the<br />
same table: these external players are therefore seen as business<br />
enablers and accelerators. Yet, on the long run, some companies<br />
might envisage creating their own spin-off…<br />
With «Village by CA», the Crédit Agricole Group created an<br />
incubator gathering FinTechs, InsurTechs, traditional Partners and<br />
other startups at a single place to foster innovation. Its objective?<br />
Be ready for new and upcoming uses and products, but also<br />
integrate creativity, agility and flexibility in its everyday business.<br />
Moreover, CALI Europe recently created an Innovation Committee:<br />
an ambitious, but realistic and pragmatic initiative aiming at creating<br />
innovation from within the company as well!<br />
By Hocine BERANE<br />
CIO, CALI Europe<br />
HOW CAN THE WORD<br />
«INDUTECH» BE DEFINED?<br />
InduTech actually comes from the contraction<br />
of «Industrial» and «Technology» and can be<br />
defined through 10 pillars which represent the<br />
domains of expertise of Paul Wurth. These are:<br />
Industry 4.0, CleanTech, EnergyTech, Smart<br />
construction & healthy buildings, advanced<br />
logistics & sustainable mobility, smart safety, new<br />
manufacturing technologies, smart engineering<br />
applications & processes, robotics & artificial intelligence and mining<br />
& resources management.<br />
With the creation of our Paul Wurth incubator, we really wanted to<br />
get off the beaten track and specialize in industrial technologies<br />
rather than FinTechs and ICT. Here are some examples: Industry 4.0<br />
deals with IoT, Big Data and EnergyTech with sustainable energy, etc.<br />
There is also mining & resources management combined with Space<br />
Mining. As a matter of fact, Paul Wurth masters and believes in the<br />
strong added value of ore resources, which can be extracted and<br />
transformed on-site.<br />
I see InduTech as a mutation rather than a transformation, as we<br />
already hold all the cards and a lot could be achieved with the<br />
correct amount of technology and mathematics.<br />
By Sébastien WIERTZ<br />
General Manager, Paul Wurth<br />
INSURANCE<br />
TECHNOLOGY<br />
DATA<br />
& ANALYTICS<br />
h2a .lu<br />
INTERNET<br />
OF THINGS<br />
Vehicle telematics<br />
Environmental Sensors<br />
Provenance<br />
Asset tracking<br />
Home security<br />
Real Time risk mitigation<br />
Pay per use insurance<br />
Dynamic underwriting<br />
Personalized premiums<br />
HEALTH<br />
Wearables<br />
Genetic data<br />
Chronic condition management<br />
Preventative healthcare<br />
INFORMATION<br />
SECURITY<br />
Claims fraud detection<br />
Cyber breach insurance<br />
Personal data storage<br />
Pour toute information<br />
ou prise de rendez-vous,<br />
contactez-nous :<br />
14, rue Erasme<br />
L-1468 Luxembourg<br />
T. : +352 42 39 39 330<br />
info@houseofentrepreneurship.lu<br />
houseofentrepreneurship.lu<br />
Vous avez un projet d’entreprise ?<br />
L’équipe pluridisciplinaire de la<br />
« House of Entrepreneurship » est à votre<br />
service pour vous conseiller, vous assister<br />
et vous accompagner dans toutes les<br />
étapes de la création et du développement<br />
de votre entreprise.<br />
<strong>BEAST</strong> MAGAZINE <strong>#7</strong><br />
Sources : www.startupbootcamp.org/blog/2015/10/so-what-is-an-insurance-startup-infographic/<br />
Une initiative de :<br />
<strong>BEAST</strong> MAGAZINE <strong>#7</strong><br />
En partenariat avec : 1535°, ADEM, Chambre des Métiers, guichet.lu, ITM, IPIL, Luxinnovation, MCAC, nyuko, Technoport,<br />
Ministère de la Santé, Ministère de la Fonction publique et de la Réforme administrative - CFUE
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