Deloitte’s latest report on innovation in the insurance industry across Australia and New Zealand highlights a sector at a crossroads.
Traditional insurers face rising costs, strict regulations, and changing customer expectations, while InsurTechs push forward with collaborative solutions to address Insurers' needs in the market.
Global Insurance Markets
Globally, insurers are advancing with digital-first models, AI, and blockchain, particularly in Europe, North America, and Asia. There is a big opportunity for Australia and New Zealand to adopt these innovations, as the region has benefited from a strong culture of collaboration between insurers and InsurTechs.
How Intellimin is Leading the Way
As a New Zealand-based InsurTech, Intellimin drives innovation by focusing on automation of end-to-end business processes, including automated data-driven underwriting and immediate policy issuing. Our solutions enhance efficiency, customer experience, and the ability to meet new and changing regulatory requirements.
Intellimin was designed for the global market and has been implemented in New Zealand, Australia, Fiji, Papua New Guinea, South Africa, and Botswana. We have demonstrated how to work collaboratively to deliver a solution fit for the insurer, their products, and their market.
Deloitte’s report underscores that embracing innovation and collaboration is vital for the industry’s future. At Intellimin, we are committed to leading this transformation and ensuring insurers can meet the evolving expectations of policyholders. We are a trusted partner with decades of experience working with clients to provide innovative solutions to meet their business needs.
Get in touch with us today to speak with one of our experts.
* source Deliotte ‘State of Innovation in the Insurance Industry’ 2024
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