Sigfox
Discovery Insure has built a profitable telematics business with scale, from a standing start, in a highly competitive market. With over 20 years’ experience in designing behavior change programmes, they use behavioral economic insights to incentivize good driving behavior which ultimately results in superior, sustainable profitability. The app and sensor telematics technology underlying their Vitality Drive programme has been developed in partnership with Cambridge Mobile Telematics (CMT), a leader in this space.
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For decades, the creation and evolution of insurance markets, products, channels, technology, and customers unfolded at a slow and steady pace. It took months if not years to launch a new product. Core business technology was replaced only every 20-30 years and the projects took many years and multi-millions to implement. Customers were the Baby Boomers and Gen Xers who followed similar life stages and had similar needs and expectations. Companies managed and lived with slow transformation because everyone was in a similar position.
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BriteCore community members share about their digital transformation journeys, key lessons learned, and the pivotal role new technologies play in accelerating growth and positioning organizations for new opportunities.
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This course clarifies the differences between morals and ethics, how theyre related, and the focus of regulations in regards to these concepts. The discussion reviews the expectations on corporate and agent conduct in the field of insurance. Specific duties are reviewed that must be fulfilled to achieve the expectations and requirements placed on the industry by regulators and an informed public.
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