Focus on a concrete trouble spot and create a unique solution

Meet Frank Genheimer at the MOI – THE MAGIC OF INNOVATION in Vienna

Please introduce yourself to our readers!
Frank Genheimer: Hi, my name is Frank and I am managing director with New Insurance Business, a consulting company that focuses on insurance industry and its cooperation partners. With more than twelve years of experience in insurance business I am concentrating on topics such as new business strategy, product development & innovation as well as cooperation management. Before I founded New Insurance Business in 2015, I worked as product developer, project manager, product manager and life actuary with different insurance groups and for several European countries. Since several years I am a regular speaker at actuarial seminars & workshops and various other events throughout the financial service industry.

Please tell us about your business?
Frank Genheimer: New Insurance Business has three main pillars: consulting of insurance companies and their cooperation partners (e.g. banks and startups), connecting startups and incumbents as well as developing and marketing own InsurTech ideas and concepts. Mehr lesen

Live your dream and believe in your success!

Erika Krizsan Founder of INSURANCE FACTORY in interview about the MOI – THE MAGIC OF INNOVATION Event in Vienna

Please introduce yourself to our readers! Please tell us about your business?
Erika Krizsan: ERIKA, THE INSURY WOMAN
Why? I like insurance! I knew, already when I was 13 years old. I will work in an insurance company. I started in Hungary at Generali. After that I started at the ERGO Group in Vienna. I worked more than 20 years in different positions, national and international in the insurance industry. My bosses knew, I wanted to learn a lot and I got the opportunity to do this. I managed and organised small- and big projects, established new companies in different CEE countries. Ones I woke up and I wanted to start my own company – it was born – INSURANCE FACTORY! I learned a lot from the best innovators from the world and from the most motivated startups!

Yes, 5 years ago, I had the crazy idea, to support the insurance industry in innovation & creativity. At that time, everybody said: “Mrs. Krizsan, Innovation in the insurance industry? We don`t need it! We have our business model already for more than 200 years and it hasn`t changed”

However I developed training methods and concepts to motivate and support the development of insurance managers mindset to the digital transformation. I organised Innovation trainings methods via Design Thinking, Business Model Innovation, EDISON Principle and some lovely co-creation training with startups and students. I have organised Innovation Talk in Vienna every 3 months and since 2015 the Insurance Innovation Day (with Award Ceremony).

This year 2017 is a very special year, because Insurance Factory will celebrate it`s 5th anniversary with friends, colleagues, startups, investors and insurance executives at the Insurance Innovation Day 2017. The event will be international for the first time with speakers from more than 9 countries – e.g USA, England, Switzerland, Germany, Croatia, Hungary, Italy, Belgium, Netherlands and of course from Austria! It will be a MAGIC, because the Event is THE MAGIC OF INNOVATION!

And for the first time, we will have an amazing INSURY Startup Award with Pitchings Session in Vienna

I had the vision to build a new insurance community in Vienna (like in Berlin, London and Zürich!) with insurers, brokers, investors, startups and all future-oriented managers. Let`s innovate the insurance industry! Mehr lesen

How Munich Re is exploring insurtech opportunities

I found a very interessting artikel: „Munich Re is investing in insurtech start-ups via its subsidiary Digital Partners as it seeks to develop new insurance products and ways to sell insurance to consumers or small businesses.

Munich Re has, for example, in November 2016 partnered with app-based insurance provider Wrisk, an Insurtech venture, to become its exclusive carrier for business underwritten in the UK, Europe and US.

It is also funding California-based insurtech start-up Trov which offers on-demand insurance, enabling users to buy insurance for specific products, for specific amounts of time through their smartphones. Users can turn insurance on and off with a swipe and also file claims through the app. Mehr lesen