Lemonade Inc. Execs: Want Better Relationships With Insureds? Change the Business Model

26:57

Daniel Schreiber, chief executive officer, and Dan Ariely, chief behavior officer, Lemonade Inc., said they set up the young insurer as a system that favors the economic interests of policyholders whether or not they file claims.

 

Legal & General America's Holweger: To Sell, Simplify and Seek Partnerships

Mark Holweger, president & chief executive officer, Legal & General America's insurance division, said insurers should focus on avoiding jargon, building trust through partnerships and engagement, and leverage advancing technology.

 

Munich Re's Kuczinski: 'Not Any One Company Can Do Everything'

Anthony Kuczinski, chief executive officer, Munich Reinsurance America, said insurers at times must put aside their industry competitiveness and explore partnerships and collaboration with companies that have advanced capabilities.

 

Valen's Marr: When It Comes to Data, the More You Give, The More You Get

Kirstin Marr, president, Valen Analytics, said insurers are shedding their closed approach to data and learning to contribute to larger databases, as well as incorporate a variety of nonproprietary data.

 

Willis Re's Johnston: Singapore, China Becoming Centers of Insurance Innovation

Andrew Johnston, global head of insurtech, Willis Re, said insurers in China are not burdened with legacy IT systems, while insurers in Singapore are benefitting from a regulatory sandbox that encourages new approaches to insurance.