Insurance is barreling forward into the future, and industry innovators are investing heavily in the insurtech space.
Hot on the news of Revolut entering the pet insurance market, we're proud to be launching our own pet insurance Accelerator for our customers as part of our Version 22 release.
Our latest newsletter covers all the details of the new update to our Northstar insurance platform, along with everything else that's happening in the insurtech space this month.
To see more of what the latest release of Northstar can offer, book a demo.
Our latest release: FintechOS 22.w introduces new features for BNPL, pet insurance, SME lending
FintechOS is on a continued mission to empower our customers to innovate at speed and bring products and services to market quickly, with the least amount of disruption to business operations. Built on the latest version of our High Productivity Fintech Infrastructure (HPFI), FintechOS 22.w promises faster and more seamless solutions, making the FintechOS experience better than ever before.
Some highlights we’re excited about include Accelerators for SME bank account onboarding and lending applications, with an Experian Connector for credit data, and a pet insurance Accelerator for digital quote and buy, complete with AI-driven breed recognition via a Connector to Siwalu.
For the annual FintechOS Leap event, we gathered together the finest minds in the insurance industry to share their opinions on the future of insurtech. Our speakers covered the crucial health and small business insurance fields, as well as digital claims management.
With their help, we’ve compiled their findings and thoughts into an essential report on the future of insurance. The key finding: Across all areas, embedded insurance is vital for regaining customer trust and driving the industry forward into the digital age.
What’s that Lassie AB? Pet insurance is stuck in the past?
The pet insurance market could be a USD 16.8 billion opportunity for insurers, according to Allied Market Research, but consumers are feeling alienated and unseen by generic, one-size-fits-all pet cover that doesn’t fit their needs.
Meanwhile, fintech innovators like Revolut and Lassie AB are winning customer trust and earning share of wallet. Whether you’re already offering traditional pet insurance or you’re breaking into the market, how can you compete with pet insurtech?
Insuring a changing world: new products for new markets
Insurance is being forced to keep pace with a changing world, and a new way of making products is needed. Jonathan Phillips looks at the future of the industry.