From dream to reality – Champions-League vs. #MOI

It was 26.05.2018! A big event in Kiev, a big dream of Real Madrid, 3 times in a row to win the Champions-League! And how after 5 days we will come to the end of the application for the INSURY Startup Award 2018 in Vienna.

Do you know, what the connection is between the dream of Real Madrid to win the Champions-League and INSURY Startup Award by #MOI2018?

Do you remember, when I sayed, we will build a new insurance community and new insurance ecosystem in Vienna! It could be not the biggest European Insurance Event now, but it will be the BEST! A big thank you for our advisory board and our mentoring partner (Münich Re, UNIQA, ÖBV) as well (insurance experts, investors to motivate their networks!)

Today we finalised our INSURY Startup Award application from 18 countries of 4 continents. It`s amazing! I would invite of course each motivated Startups to our beautiful Vienna, but we had to decide to pitch in 4 categories with 12 startups. But, we will give other 8 startups the possibility to pitch and to win the 3 public prices. Because the ideas from digital technology solutions (from blockchain through risk calculation to analysis to danger), marketing & sales tools (amazing customer experience, broker technology), claims, underwriting & service (with drone, AI analisis) and P2P & digital insurance. We should know each amazing solution to „taking the insurance industry to the next level“

It was a big surprise for me, how many insurance companies build their own digital insurance. Last year I get the information, we are not really ready to „takeoff“, but this year a lot of digital insurances grow from ground! Congratulation!

The advisory board will be decide at the end of this month, who get the possibility to pitch in Vienna.

Also as a summary, at 19-20.09.2018 the 20 best startups from around the world will come to Vienna and 12 startups will be nominated in 4 categories and additional 3 will win public price! Of course our Knowledge transfer from Google, Facebook, IBM is guaranteed. One of the best keynote from UK is Sandro Forte will give us a great „pitch“. He knows exact the insurance industry as insider as well!

Our partner company like UBIMET, Capture, SparX give us insights, what`s going on in the world of IT solutions.

It will be a magic at 19-20.09.2018! #MOI2018!

Did you save your seat? We have only limited space! BOOK YOU SEAT HERE

And my special surprise for you to be part of the biggest „Friends of Insurance“ Flashmob ever.

TOP 5 explanations, why the digitalisation is not relevant for the insurance industry

In the last month I had the possibilities to discuss the „insider“ status with insurance managers (CEO`s and leaders from insurance companies). What is their opinion and mindset from the digital transformation?

I have collected for you my experience with the top 5 five explanations or excuses from insurance CEO’s and leaders, why the digital transformation is not relevant for their insurance company. I realised my mindset, my community, you as my Social Media friends are more motivated to understand and create a new way, new possibilities for the next generation. Sorry for my honestly words, but this is the reallity as well.:-)

Here you can find some insights from the „other world“ of insurance, but as real world as well.

  1. 1. „digitalisation is not something else than automatisation“ – in the last 5-6 years, I try to motivate the insurance industry, that this „journey“ is not only to buy a software, not only to install artifical intelligence or chatbot, this are more activities. E.g. to find new business models, to create amazing real time processes, marketing campagne and solutions, transforming the organisation and to understand the „exponentional thinking“.
  2. 2. „we are not interested in digitalisation, because, the IT colleagues -software engineer and data sciences are very expensive, our back office colleagues are cheaper“ – yes, this is true, but as leaders of a company, is this really a vision?
  3. 3. this topic is related to point 2: „unfortunatly IT colleagues is very difficult to find, because if you are talented, they will found own companies as a startup. Because founding a startup is a hype in our country.“ Of course, because some goverment recover the power of startups from the economic side too.
  4. 4. „Mrs. Krizsan, I have 3 years to get retired, why should I innovate? My results, premium, profit are going very well. It`s not necessery to change“. But I would ask, do you have the same situation in 10 years as well? Because the decision from today, can make results only some years later (or earlier:-).
  5. 5. „we don`t want to be „first mover“, because the insurance as a product you can`t protect by patent and we have to check, is the solution good or not. We are in a waiting position“ – yes, this is true as well. But if you want to be in the business tomorrow, you have to be different, you have to do other, creative solutions for your clients.

And, and, and…I could continue the stories, but I don`t want to demotivate you, because you are a future oriented manager with the right mindset about the future of insurance.

Let`s innovate with my personally motto: „the way to create your innovative insurance“  See you again by #MOI2018 in Vienna!

 

Magic of Innovation Conference in Vienna

…where insurance experts from North, South and East Europe meet

What do „insurance“ and „innovation“ have in common? Besides the place in the dictionary probably not much, one could say. In addition to the place dictionary one thing – in my opinion – is important to add: the Magic of Innovation Conference in September each year in the beautiful city of Vienna, Austria.

This year I had the privilege to participate at a panel, moderated and led by Frank Genheimer, Actuary and MD of New Insurance Business. The panel discussed about „Product Time“ and aimed at several topics on the future of insurance products. It was great to talk with renowned experts such as Timo Dreger, Dr. Axel Wachsmann and Ales Tomazin – even though some tough arguments and opposite views were exchanged.  Mehr lesen