Swiss and British players meet to discuss InsurTech
Starting tomorrow, 25 Swiss companies are heading to London for a "Tech for Insurance" Mission organized by the Swiss Business Hub UK & Ireland, the local branch of Switzerland Global Enterprise (S-GE). The London Hub is part of a network of 21 Swiss Business Hubs whose mission is to promote Switzerland as a business location in their respective markets.
The "Tech for Insurance" theme goes far beyond the pure Fintech sphere
A mission that the Swiss Business Hub in London has been fulfilling by organizing three to four "Flagship projects" a year on specific topics since 2014. To kick off the year, the Hub is tackling the topic of InsurTech, a niche with great potential for Swiss companies in the UK market. According to Marieke Hood, Head of the Hub: "In 2017, we finally have concrete feedback to give a clear vision of market opportunities, the needs of insurance players, solutions but also the limits of technology." What's more, the "Tech for Insurance" theme goes far beyond the pure Fintech sphere. Indeed, many applications are sought in IoT, AI, data analytics, smart contracts, BlockChain, robo advice, smart home and connected medtech. These are all areas that the London mission will cover.
A program rich in business opportunities
Spread over two days, this Flagship project on InsurTech offers a promising program. It includes a series of workshops that will give a precise overview of the developments taking place in the UK market, and therefore of the business opportunities. In addition to this panorama, certain niches such as Connected Health and Connected Home will be addressed. An entire afternoon will be devoted to B2B Matchmaking with some sixty British companies, selected according to the specifications of the business partnerships sought by Swiss companies. Over 200 meetings have been booked, and the Hub has even had to turn down many registrations.
Benchmarking, business development and promotion of the Swiss financial center
The objectives of the mission are diverse and complementary. Insurance company R&D managers are looking to benchmark the technological solutions adopted by their counterparts in the UK. For Tech companies, whether they already have insurance companies among their clients or are looking to diversify into the insurance sector, the objective is also benchmarking, but above all to be able to sell to the UK market.
The Swiss Business Hub, meanwhile, not only helps Swiss companies to export to the UK market, it also aims to position Switzerland as an attractive location for companies wishing to carry out R&D.
Watch: 5 short videos by S-GE (click on the title)
- Why Switzerland is a unique location for innovation in insurance
- The change of business models in the insurance industry
- How technology challenges traditional structures in the insurance industry
- E. Wesson, Swiss Re - How Swiss companies disrupt the insurance industry
- P. Wermelinger, S-GE - Why Switzerland is a unique location for innovation in insurance
- C. Bienentreu, Axa - The importance of cooperations for start-ups
Follow the event on social networks with the Hashtag #InsurTechUKCH @SGE @investCH
Alp ICT advises you to contact the Swiss Business Hub to take part in upcoming Flagship projects. We can already tell you that the next theme will be Robotics.
