How Insurers Mitigate the Risk of Failure When Cooperating with an InsurTech Startup
A great question asked by Matthias Reinwarth from KuppingerCole Analysts and was answered by Lukas Naab from MINDS-Medical, Uli Kleber from The Digital Insurer, and me (Karl Heinz Passler from Baloise Insurance Group).
Panel: InsurTech - Leveraging Digital Innovation to Transform Insurance Sector
The panel discussion "InsurTech - Leveraging Digital Innovation to Transform Insurance Sector" was moderated by Matthias Reinwarth from KuppingerCole Analysts and included the following panelists:
Lukas Naab from MINDS-Medical https://www.kuppingercole.com/events/dfw2019/speakers/2186
Uli Kleber from Accenture https://www.kuppingercole.com/events/dfw2019/speakers/2323
Karl Heinz Passler from Baloise https://www.kuppingercole.com/events/dfw2019/speakers/2324
Top Quotes
You are too late if you want to minimize the risk of working with a #InsurTech #Startup after its termination.
Do you really only need a lawyer >>after<< your #InsurTech #Startup cooperation has failed?
You have to invest early in meetings and workshops to find out - does the #InsurTech #startup really know what it's talking about?
#InsurTech #startup collaboration is like a marriage. First we need a relationship with mutual understanding, then we can take the next steps with more responsibility.
Please don't go into production and change operating systems with an unproven #InsurTech #startup, because at the end they will say ...