INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims...
Transcript of INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims...
![Page 1: INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims representative in the P&C insurance industry - Top 50 insurtech influencer Entrepreneurial](https://reader036.fdocuments.us/reader036/viewer/2022081405/5f07929a7e708231d41da799/html5/thumbnails/1.jpg)
INSURTECH IN THE INSURANCE VALUE CHAIN OFTODAY AND TOMORROW
Lex TanCEO & Founder MotionsCloud
![Page 2: INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims representative in the P&C insurance industry - Top 50 insurtech influencer Entrepreneurial](https://reader036.fdocuments.us/reader036/viewer/2022081405/5f07929a7e708231d41da799/html5/thumbnails/2.jpg)
Lex – CEO of MotionsCloud
Insurances experiences:- 5 years experiences as a claims representative in
the P&C insurance industry- Top 50 insurtech influencer
Entrepreneurial experiences:- Founded 4 ventures in the past- 1st 3 of them failed miserably - Last one was a successful business till today
IT experiences:- Front-end software development- Worked in Agilent technologies- Worked in Fraunhofer Institute
![Page 3: INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims representative in the P&C insurance industry - Top 50 insurtech influencer Entrepreneurial](https://reader036.fdocuments.us/reader036/viewer/2022081405/5f07929a7e708231d41da799/html5/thumbnails/3.jpg)
Claims automation engine for insurance companies
![Page 4: INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims representative in the P&C insurance industry - Top 50 insurtech influencer Entrepreneurial](https://reader036.fdocuments.us/reader036/viewer/2022081405/5f07929a7e708231d41da799/html5/thumbnails/4.jpg)
1
3
2
4
3.5
FNOL Self-service mobile web app
AI pre-assessment
Live video inspection
Cash/repair settlementfor customer
for claims manager
for customer
for claims manager & customer
![Page 5: INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims representative in the P&C insurance industry - Top 50 insurtech influencer Entrepreneurial](https://reader036.fdocuments.us/reader036/viewer/2022081405/5f07929a7e708231d41da799/html5/thumbnails/5.jpg)
We are backed by US investor & Insurtech Accelerators
Some of our Clients
![Page 6: INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims representative in the P&C insurance industry - Top 50 insurtech influencer Entrepreneurial](https://reader036.fdocuments.us/reader036/viewer/2022081405/5f07929a7e708231d41da799/html5/thumbnails/6.jpg)
INSURTECH IN THE INSURANCE VALUE CHAIN OFTODAY AND TOMORROW
![Page 7: INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims representative in the P&C insurance industry - Top 50 insurtech influencer Entrepreneurial](https://reader036.fdocuments.us/reader036/viewer/2022081405/5f07929a7e708231d41da799/html5/thumbnails/7.jpg)
Why Insurtech exist?
![Page 8: INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims representative in the P&C insurance industry - Top 50 insurtech influencer Entrepreneurial](https://reader036.fdocuments.us/reader036/viewer/2022081405/5f07929a7e708231d41da799/html5/thumbnails/8.jpg)
Private & Confidential
![Page 9: INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims representative in the P&C insurance industry - Top 50 insurtech influencer Entrepreneurial](https://reader036.fdocuments.us/reader036/viewer/2022081405/5f07929a7e708231d41da799/html5/thumbnails/9.jpg)
![Page 10: INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims representative in the P&C insurance industry - Top 50 insurtech influencer Entrepreneurial](https://reader036.fdocuments.us/reader036/viewer/2022081405/5f07929a7e708231d41da799/html5/thumbnails/10.jpg)
Changes in customer behavior and expectation
80% - immediate responses influence loyalty
Omnichannel service
Customer feel more empower and expect you
to be “listeing”
![Page 11: INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims representative in the P&C insurance industry - Top 50 insurtech influencer Entrepreneurial](https://reader036.fdocuments.us/reader036/viewer/2022081405/5f07929a7e708231d41da799/html5/thumbnails/11.jpg)
In-efficient & costly operation
business complexity, operating model, IT landscape, and performance management
![Page 12: INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims representative in the P&C insurance industry - Top 50 insurtech influencer Entrepreneurial](https://reader036.fdocuments.us/reader036/viewer/2022081405/5f07929a7e708231d41da799/html5/thumbnails/12.jpg)
Why collaborate with insurtech startups?
![Page 13: INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims representative in the P&C insurance industry - Top 50 insurtech influencer Entrepreneurial](https://reader036.fdocuments.us/reader036/viewer/2022081405/5f07929a7e708231d41da799/html5/thumbnails/13.jpg)
Source: TECHTODAY
![Page 14: INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims representative in the P&C insurance industry - Top 50 insurtech influencer Entrepreneurial](https://reader036.fdocuments.us/reader036/viewer/2022081405/5f07929a7e708231d41da799/html5/thumbnails/14.jpg)
Speed to market
Commodity and competition Learn fast, adapt fast
![Page 15: INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims representative in the P&C insurance industry - Top 50 insurtech influencer Entrepreneurial](https://reader036.fdocuments.us/reader036/viewer/2022081405/5f07929a7e708231d41da799/html5/thumbnails/15.jpg)
Customer centricity focus & think out of the box
![Page 16: INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims representative in the P&C insurance industry - Top 50 insurtech influencer Entrepreneurial](https://reader036.fdocuments.us/reader036/viewer/2022081405/5f07929a7e708231d41da799/html5/thumbnails/16.jpg)
New business model
Private & Confidential
![Page 17: INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims representative in the P&C insurance industry - Top 50 insurtech influencer Entrepreneurial](https://reader036.fdocuments.us/reader036/viewer/2022081405/5f07929a7e708231d41da799/html5/thumbnails/17.jpg)
Your competitors are searching for them
Private & Confidential
![Page 18: INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims representative in the P&C insurance industry - Top 50 insurtech influencer Entrepreneurial](https://reader036.fdocuments.us/reader036/viewer/2022081405/5f07929a7e708231d41da799/html5/thumbnails/18.jpg)
Insurers are increasingly participate in insurtech investment
Private & Confidential
![Page 19: INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims representative in the P&C insurance industry - Top 50 insurtech influencer Entrepreneurial](https://reader036.fdocuments.us/reader036/viewer/2022081405/5f07929a7e708231d41da799/html5/thumbnails/19.jpg)
Full-stack insurtech
insurer
• Insurtech company that operate as a full insurance company
Product design
• Focusing on product specs, rate calculation, market launch
Pricing & underwriting
• Risk analysis, risk selection, reinsurance
Distribution
• Marketing, sales, distribution, channel management
Admin & claims
management
• Customer management, billing collection, claims
Insurance value chain
![Page 20: INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims representative in the P&C insurance industry - Top 50 insurtech influencer Entrepreneurial](https://reader036.fdocuments.us/reader036/viewer/2022081405/5f07929a7e708231d41da799/html5/thumbnails/20.jpg)
Full stack insurtech insurers
![Page 21: INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims representative in the P&C insurance industry - Top 50 insurtech influencer Entrepreneurial](https://reader036.fdocuments.us/reader036/viewer/2022081405/5f07929a7e708231d41da799/html5/thumbnails/21.jpg)
Insurtech: Product Development
![Page 22: INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims representative in the P&C insurance industry - Top 50 insurtech influencer Entrepreneurial](https://reader036.fdocuments.us/reader036/viewer/2022081405/5f07929a7e708231d41da799/html5/thumbnails/22.jpg)
Insurtech: Pricing & underwriting
![Page 23: INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims representative in the P&C insurance industry - Top 50 insurtech influencer Entrepreneurial](https://reader036.fdocuments.us/reader036/viewer/2022081405/5f07929a7e708231d41da799/html5/thumbnails/23.jpg)
Insurtech: Distribution
![Page 24: INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims representative in the P&C insurance industry - Top 50 insurtech influencer Entrepreneurial](https://reader036.fdocuments.us/reader036/viewer/2022081405/5f07929a7e708231d41da799/html5/thumbnails/24.jpg)
Insurtech: claims management
![Page 25: INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims representative in the P&C insurance industry - Top 50 insurtech influencer Entrepreneurial](https://reader036.fdocuments.us/reader036/viewer/2022081405/5f07929a7e708231d41da799/html5/thumbnails/25.jpg)
The future of insurance
Source: Everest Group 2017
![Page 26: INSURTECH IN THE INSURANCE VALUE CHAIN OF TODAY AND … · - 5 years experiences as a claims representative in the P&C insurance industry - Top 50 insurtech influencer Entrepreneurial](https://reader036.fdocuments.us/reader036/viewer/2022081405/5f07929a7e708231d41da799/html5/thumbnails/26.jpg)
LET’S WORK TOGETHER TO RESHAPE THE FUTURE OF INSURANCE!
Lex TanCEO & Founder MotionsCloud