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NDRC and Aviva to explore digital change in the insurance industry

Written by Robert McHugh, on 20th Apr 2016. Posted in General

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It was announced today that early stage investor NDRC and Aviva Insurance have partnered up to host Ireland’s first ever InsurTech Bootcamp in May this year.

The weekend-long event will explore ways to digitise the insurance industry, to enhance the customer experience and to achieve efficiencies that will result in lower premiums.

CEO of Aviva Ireland, Hugh Hessing explains, "Digital is the new reality for our customers. From our own research, we know 73% of customers prefer to go online for basic information on insurance, while 42% of millennials prefer email contact with insurers." 

He added, "The advance of technology is going to disrupt our business and unless we embrace it and support its generation, we could get left behind. This event is about supporting startups and asking them to re-imagine a 300 year old industry in a digital light."

The Insurtech Bootcamp will take place in NDRC from the 20 – 22 May. Entrepreneurs and developers interested in taking part in the Bootcamp can find out more at a pre-event panel discussion with Aviva’s new Chief Information Officer (CIO), Fin Goulding and NDRC Chief Executive, Ben Hurley which takes place on Tuesday 26 April at 6.30pm in NDRC.

CEO of NDRC, Ben Hurley says, "Our vision for the event is to link the vibrant technology startup community with expert insurance teams. Over 48 hours we will see what challenges, opportunities and potentially new ways of conducting business and products they can identify. We have seen some very successful and innovative ventures emerge from previous events and programmes we have run in the sphere of healthcare and Fintech, so the process should be interesting."

Source: www.businessworld.ie

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