Could digital insurance as a service turn the industry upside-down?

CINDY LEE | May 5, 2018

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Digital disruption has been rife in many industries often catching established players unaware. Only with the benefit of hindsight are we able to pinpoint the turning point and appreciate how the new players changed the game. In the last few years, we have all come to know the stories of the “Ubers,” the “Amazons” and the “Spotify” that turned their industries on their heads. Digital Insurance as a Service has the same potential to turn insurance upside down. Digital Insurance as a Service is, basically, digital insurance right out of the box. It is an integrated, end-to-end approach to insurance technology that leverages a partner to seamlessly bundle together industry-leading insurance applications, infrastructure, and business process services into a single solution. It’s a consumption-based approach to digital insurance transformation, making it ideal for insurers adjusting to a more consumption-based market environment.

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Vindati

A new way to access insurance, Vindati puts the power in the hands of the broker. Vindati provides brokers with instant customizable quotes using leading technology, integrated data and analytic tools. Brokers choose how to connect and place business with Vindati either through simple emailed ACORD forms, AskKodiak and digital broker channels, or directly on the Vindati shopping platform.

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