How Insurers Mitigate the Risk of Failure When Cooperating with an InsurTech Startup

This is 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) inside of the panel discussion “InsurTech – Leveraging Digital Innovation to Transform Insurance Sector” at the Digital Finance World.

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:

Video

InsurTech Talk Podcast

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 …

Transcription

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Published by Karl Heinz Passler

I help insurance innovators to apply InsurTech.