Welcome to The Digital Insurer Roundup #8! Our aim is to inform, entertain, and be a useful input as you explore the world of digital insurance. It's split by sections so you can easily dip in and out and get what you need.
Highlights for this month
Special news: We're celebrating our 10 year anniversary with a 2-for-1 offer on TDI Academy programmes
In news and views: Lemonade's first investor day, embedded insurance report, monthly podcast on digital insurance in Asia, InsurTech analysis on Digit from India, TDI Talks! interview with ZhongAn CTO
The World's Digital Insurance Awards: Congratulations to our winners in the Americas, and the finalists for the Global Transformation Awards. Join live for the finals on 8th December and help decide the winners - register here
Dynamic InsurTech Map of the month: France
Other TDI updates: Check out the next three monthly themes on TDI Connect, and a heads-up that TDI Connect is moving up a gear in January. Enrolment for the 10th ADI Cohort is now open. Make ITC Asia 2023 a learning experience for your team - check out the Masterclass package. Enrolment for the 5th CDI+Latam (in Spanish) is also now open
🔥 ① News & Views
TDI is 10 years old: We couldn't pass up the opportunity for a celebration and it was great to have a meet-up in Singapore with old and new friends, colleagues and supporters. TDI is only here because of the support of so many from the industry - thank you again. As part of the 10 year anniversary we have also launched a 2-for-1 offer to help insurers accelerate their digital transformation by introducing TDI Academy programmes even more cost effectively - see the image below and this link.
Celebrating TDIs 10 year anniversary with a meetup in Singapore
Lemonade's First investor day: Lemonade continues to divide industry opinion on its performance and potential. Whatever your view though, it is great to see so much information available on their business model, see the investor day video and Q3 2022 shareholder letter. For challenging views, we recommend reading these insights from Coverager and Matteo Carbone. What we continue to see is challenging short-term results and split views on long-term prospects of the model. Daniel Schreiber, Lemonade's CEO, sharing the latest AI poetry writing capabilities provided some lighter relief...
Emergent AI response to request to "Write a Shakespearan sonnet about insurance and AI"
TDI theme of the month in November - Digital health: Head to TDI Connect for more on this topic. The graphic below is from the Alchemy Crew report.
DIA for this month - Digit: India based Digit is preparing for IPO (no firm dates yet since the regulator put it on hold in September). Explore TDI's analysis for more info here.
AIP TDI Monthly Podcast: Listen to our latest monthly podcast on digital insurance in Asia. Hosted by Michael Waitze from AIP with Simon Phipps, Theresa Blissing and Hugh Terry. Listen here
Other Podcasts: Liked the FNO podcast on broking software in the US with Broker Buddha CEO Jason Keck
Report of the month: Read our overview of the comprehensive embedded insurance report issued by Simon Torrance from Embedded Finance & Super App strategies and supported by iptiQ, Google Cloud and Ninety. Also take a look at the webinar on this topic we held this month - available on-demand here
TDI Talks! In conversation with Dennis Kang, CTO, ZhongAn – The embedded insurance opportunity, and key ingredients for success: In this TDI Talks! Dennis and Simon Phipps, Founder, TDI discuss the key ingredients to ZhongAn’s success, as well as how ZhongAn has capitalised on the embedded insurance opportunity in China.
👉🏼Want to help shape and inform our editorial coverage? Contact TDI's Editor - Martin Kornacki
🔥 ② Events & Awards
The World’s Digital Insurance Awards 2022 - Updates
♣️ Americas Innovation Awards 2022: Congratulations to our winners!
♣️ Global Insurer Transformation Awards - Congratulations to our finalists AIA, PingAn, Tune Protect, and Zurich - they will pitch in the global finals to win the Global Transformation Award
♣️ Sign up for the Global finals on 8th December where the InsurTech and Insurer Innovation Award winners from APAC, EMEA and Americas will pitch to get the global crown. We also have the Global Transformation Award finals. Review the agenda and register here - and vote for the winners live!
I think this quote from the Embedded Insurance Peer Group Report – June 2022 really sums up the way we need to engage with embedded insurance today, and sums up many of the topics covered in the lively discussion:
“Insurers are experts at teaching insurance intermediaries to sell products. For embedded we need new content and methods that engages and convinces more brands to offer, and people to buy, coverage within non-insurance digital customer journeys.”
We heard from: Nigel Walsh (Managing Director, Insurance at Google), Simon Torrance (Embedded Finance & Super App Strategies), Sascha Türck (Chief Distribution Officer P&C, iptiQ EMEA) and John Du (Head iptiQ China P&C), and you can view a recording of the event and access the slides on the event page.
Americas Finalists videos: Review the individual Americas finalists entries in the TDI video library. Each video has the presentation, links to the entries and the Q&A session over 10 minutes. You will also find the APAC and EMEA finalist videos from earlier in the year
Search our on-demand webinar library for more discussions that might interest you.
Info webinar on TDI Academy's ADI programme: Scheduled for 23rd January 2023 and designed to allow individuals and companies to find our more about our flagship programme in digital insurance
🔥 ③ Newswire x5
TDI Newswire curates links in digital insurance from multiple sources around the world, and we publish ten news items on the site each day. Here are the Top 5 for November that caught our attention:
SGFinDex - open insurance: Singapore Financial Data Exchange capability extended to include consolidated view of insurance policies
Chubb expands in China: Chubb secures approval from Chinese regulator to raise Huatai stake to 83.2%. Deal means Chubb will be the first foreign financial institution to majority-own a Chinese financial services holding company
Qover extends embedded insurance solution: Introduces orchestration capabilities to allow business partners to more easily embed insurance offerings into their digital journeys
Check out the complete November TDI Newswire. The Newswire is 100% attributable and linked to source journalists and publications, who provide excellent coverage on digital insurance.
In November we focused on Digital Health as our monthly theme. For the next three months we have the following topics planned: 2022 Innovation Awards, MarTech, and Digital Skills & Engagement. Join the conversation on TDI Connect .
Join us on the TDI Connect App - these are the themes for the next three months
We are gearing up to take TDI Connect to the next level and fully open it up to our global community. Stay tuned for 'TDI Connect 2.0' launching in January - bigger, better and more integrated!
TDI Connect is a global community for digital insurance enthusiasts. So far 12 local communities have launched with more than 2,000 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:
We have teamed up with ITC Asia to create a unique learning experience for ITC Asia 2023 attendees with a specially designed Masterclass. The Masterclass takes place on 30th May 2023 and is targeted at insurers wanting to learn new skills and perspectives on how technology is impacting the future of insurance. We have special corporate rates available for those looking to purchase 3-5 tickets, which include tickets to the main conference. Find out more here.
Enrolment for our 10th ADI Cohort is now open: We are now enrolling for our next ADI cohort which starts on 8th March 2023. ADI is our virtual ‘mini-MBA’ in digital insurance, run over seven months, and is designed to really supercharge your digital insurance knowledge through an immersive learning experience with like-minded participants from around the globe. We have now had more than 300 participants go through the ADI Programme from more than 30 companies. Check out what some of our alumni have to say about their experience. You can find our full ADI brochure here or come and join us for an information session on 26th January at 11am CET / 6pm SG - register here.
CDI+ Latam enrolment is also open: Participants in the 4th cohort of our CDI+Latam Programme in Latin America will soon be graduating from our four month digital insurance learning programme run in Spanish and facilitated by Hugues Bertin. Our next CDI+Latam Programme starts on 2nd March 2023 - for more information, register your interest 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'.
ITD covers a wide range of InsurTechs all around the world, and although we cover more than 4,000 listings already, we are always looking to expand our coverage to bring you the most comprehensive, freely available database of InsurTechs to help you discover great solutions to assist with your digital transformation.
Split of InsurTechs by region on the TDI InsurTech Directory
At TDI we aim to bring together insurers on their transformation journey and great Tech companies. One of the ways we do this is through accelerating technology partner visibility and connectivity, and we have a range of options to suit every stage of development. Technology partners have the option to select just one membership tier or, as is most often the case, join through a combination of the tiers
Did you know that TDI’s InsurTech Directory gives you direct access to thousands of InsurTechs all in one place and especially our Premium Member booths offer you a rich and engaging way to learn about them.
Try out 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.
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Certified Digital Finance Practitioner | SAFe® 6.0 Product Owner/Product Manager | Insuretech
2yMohau Molefe