Aon partners with SBC InsurTech on commercial and speciality lines
Re/insurance broker Aon has partnered with SBC InsurTech, a company focused on innovation programmes for the insurance industry, help its clients make better decisions around how they might partner with and invest in insurtech start-ups.
Aon will focus on CoLab’s ‘Commercial and Specialty Lines’ sector, which aims to look at specific problems in key customer segments ranging from SME to large industrial insurance.
Aon said its goal is to specifically address the challenges its re/insurer clients face, that have not developed a startup ecosystem on their own. By teaming up with SBC InsurTech, Aon’s Reinsurance Solutions business aims to reignite the debate on tackling the challenge of providing cover for uninsured risks, notably intangible assets.
“Aon is committed to helping clients navigate the InsurTech ecosystem and adopt new technologies that advance strategic initiatives," said Kelly Superczynski, head of EMEA analytics for Aon’s Reinsurance Solutions business at Aon.
"Working with CoLab means we can match startups with new product development to deliver growth opportunities. This will ultimately provide customers with broader insurance protection and risk management while enabling insurers to stay ahead of the game with a competitive advantage.”
SBC said it will work with the Aon team to establish the particular problems that Aon and its clients want to see solved.
Sabine VanderLinden, CEO at SBC InsurTech, said: “SBC InsurTech is committed to delivering targeted innovation programs that address real business challenges faced by the insurance industry, within blurred ecosystem boundaries that fast-moving technology creates.”
SBC InsurTech CoLab engages multiple industry players for each CoLab sub-sector. For commercial and specialty lines, Zurich Insurance is also part of the programme.
Antony Elliott, group head of business transformation at Zurich Insurance Group, said: “We see the SBC CoLab approach as an accelerated and agile way agile way for us to work with InsurTech startups to solve customer and industry problems.”
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
More of today's news
ILS woes could trigger hardening in retro markets
Brightside launches new MGA Kitsune backed by R&Q
AXA XL partners with AI specialist on property risk engineering risks
Europe’s Reinsurance Advisory Board makes case for internal models
Willis Towers Watson names new head of Australasia
MS Amlin expands P&I capacity for 2019
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze