Welcome to the second monthly roundup! Our aim is to inform, entertain, and be a useful input as you explore the world of digital insurance. We have designed it with sections so you can easily dip in and out and get what you need.
I'm very pleased to say we've had a positive response to the first edition with more than 5,000 subscribers in the first month. Please do continue to give us your feedback, suggestions, and encouragement as always. Help us to spread the word, and feed the LinkedIn algorithm, by subscribing (button at the top), sharing, commenting, and liking!
👉 Navigation guide for new readers
Welcome! We have structured the newsletter into five sections and aim to keep this the same each month.
① News & Views
② Coming Up - Events & Awards
③ Newswire X5
④ InsurTech Map of the Month
⑤ TDI Updates
We have used 🔥 as the section divider to make it easier to navigate.
So, here we go, TDI Roundup #2...
🔥①News & Views
Geek out - No code from spreadsheets? Congrats to Hong Kong based Coherent on their recently reported raise of US$75 million. Their key innovation is a piece of tech that allows excel models to be converted into scaleable APIs. Quote and underwriting are rich use cases alone. While their background and key area of focus is currently insurance this tech has broad potential and has the power to allow much more complex algorithms to be deployed far more cost effectively than before. Their investors are also notably backing this tech as having both global and multi-industry potential.
InsurTechs over-valued and over-hyped? (part 2) Following on from the observation in last months Roundup that established listed InsurTechs are taking a beating on public markets it was timely that McKinsey released a short article this month 'How insurtechs can accelerate the next wave of growth'. The article is measured and balanced and a reminder on the key success factors for InsurTech startups - drive for scale, and setting a goal of profitable growth within realistic timeframes.
At a time when investors are much less inclined to make pure growth bets (compared to the past few years), insurtechs that demonstrate solid economics and a realistic path to profitability will stand out from the crowd.
APAC continues to innovate. The TDI enabled 'World's Digital Insurance Awards' APAC leg has announced entries and finalists this month, with more than 40 entries, all sharing their innovations, and celebrating the teams involved. Do check out the entries and also register to vote to help decide the winners. More info later in the Roundup.
TDI Library report of the month: Deloitte - The future of small business insurance. A must read for those insurers and tech providers looking to meet the needs of SMEs. the report includes surveys on SMEs and what they look for in insurance. Despite high levels of satisfaction with current providers there is openness for new services. This space is going to see more focus and innovation in the years ahead.
On-demand webinar recommendation: Our Red Hat sponsored webinar on Connected Insurance is my recommendation for this month. The Forrester analysis brought clarity, and there was an excellent update from AIA's Group CTO on the power of the AIA Vitality model - and some clear proof points on how a long-term strategic approach to ecosystem building can pay dividends. Watch it here.
Podcast to listen to: Check out this 30 minute podcast on InsurTech sustainability with for some grass roots insights on creating long-term value. Listen to it here.
InsurTech in Action: This month we have selected Insurify who provide price comparison services on an omni-channel basis in the United States - direct and via advisors. Report summary and ITD booth are below - full analysis is here. For other analysis reports visit our In Action page.
👉🏼Want to help shape and inform our editorial coverage? Contact TDI's Editor - Martin Kornacki
🔥②Coming Up - Events & Awards
A quick overview of TDI events and awards activity coming up over the next six weeks:
Events - Free to sign-up, and virtual unless indicated otherwise
Each month we will cover the events TDI is producing or involved in that you can join by clicking on the link - or catch up with on-demand viewing when available:
Women In Tech Meet-up: The launch of a much needed community with a superb CEO panel and excellent guest speaker. Heads up - we will be launching the TDI Academy Scholarship programme at this event as well! More info in our Roundup next month on this event.
ITC Asia 2022 (Paid & In-Person): 7-9th June: TDI are partnered with ITC to support ITC Asia on their first physical event in Singapore - at least 1,000 people are expected, and it kicks off with a cocktail party on the evening of the 7th. Let's get back to face-to-face events! Come and find us at our meeting booth.
TDI Connect UK launch event: 22nd June. Find out more about TDI Connect UK and also listen to the panel explore the ambitious topic of the 'Secrets to successful insurance innovation'!
The World’s Digital Insurance Awards 2022 - Updates
Status update: ♣️ The finalists for the Asian Insurance Innovation awards have been selected ♣️ Register to attend and vote ♣️ Entries for EMEA, America and Global Digital Transformation Awards are open. More details and links follow:
Register for the APAC finals on 23rd June and vote for the InsurTech and Insurance Innovation winners (registration is open to all and free)
EMEA Insurance Innovation Awards - applications are now open: Call for applications from InsurTechs and Insurers from Europe, Middle East & Africa. More info here
The TDI Newswire curates links in digital insurance from multiple sources around the world and we publish 10 news item on the site each day. Here are the Top 5 for May that caught our attention:
Layoffs at Lemonade: More than 50 staff reported as laid off as listed InsurTechs face headwinds.
Check out the complete May TDI Newswire. The Newswire is 100% attributable and linked to source journalists and publications, who provide excellent coverage on digital insurance.
🔥④InsurTech Map of the Month - India
TDI has created the world's largest freely accessible InsurTech database with more than 4,000 InsurTechs listed. Our map of the month is India created in partnership with the Indian InsurTech Associaton. Remember our maps our dynamic - you can click through on each logo once the map is open. Click here or on the image below for the full experience.
Every month we have a theme, and we deep dive into this topic on a global and local level. Monthly theme for June is Connected Insurance. Join the conversation here.
Join the formal launch event for TDI Connect UK - sign up here.
TDI Connect is a global community. We are in beta mode - so far 12 local communities launched with more than 1,300 members. It's open to all and there is no cost to join - and all housed within a single App for convenient connectivity.
Join one of our country/regional communities directly:
If you are interested in people transformation join our Women In Tech Community that supports women working in digital insurance and InsurTech. More on the launch in the next Roundup!
We are pleased to have three TDI Academy Enterprise clients rolling out our CDI or TDI PRIME programmes to their staff in May - HSBC Global services, Troo (a partner of Ageas) and Tokio Marine (Asia).
Our CDI+ programmes are customised digital insurance programmes for LatAm, France and Brazil, and are delivered in the local language - launching later this year. Contact us at admissions@the-digital-insurer.com for more information.
Our 8th cohort of the ADI programme launched earlier in May with 40 participants from 16 countries and 7 different companies. The participants are now starting their seven month ‘mini-MBA’ journey with us. Our next ADI cohort starts in September and we are enrolling now. Contact us at admissions@the-digital-insurer.com for more information.
Our new TDI Academy one-pager is here and gives a summary of what we’re all about and the programmes we offer.
People Champions is our community on TDI Connect for senior leaders interested in the people transformation agenda for a digital age. Sign up here.
In case you missed it in the Events sections we had a TDI Investigates webinar with three sponsors from EMEA looking at APIs - watch on demand here.
The TDI InsurTech Directory is a free to use database that allows you to find out more about 4,000+ InsurTechs. InsurTechs present their propositions in fun and convenient interactive 'digital booths'.
Try out the TDI Academy - either personally or for your company to accelerate its digital culture, as well as provide new skills and insights
Can we help you to achieve some of your corporate objectives? Want to build awareness of your corporate activity? Get in touch with any of the team directly or here to see how we can help
TDI Roundup Archives - want to read some back issues? Available here
Subscribe to this newsletter - simply click the 'subscribe' button at the top of the newsletter.
👉🏼Help us to help you! Last but not least, if you can spare three minutes, please do give us your structured feedback in this four-question survey.
Product Management | FinTech | InsureTech | AI
2y@