Creating value: Driving growth through partnerships

InsurTech Summit Australia 2022

5 May | Amora Jamison Hotel, Sydney

The nature of the insurance industry is changing. There is a burgeoning need for collaboration among industry players as insurers face increased competition from digital incumbents and growing demand.

Kanopi was proud to sponsor the VIP Lunch at InsurTech Summit Australia 2022, where leading insurers discussed creating value and driving growth through partnerships.

Explore the possibilities of strategic partnerships between insurers and new technology companies that possess the combined skillsets to usher in the new age of insurance.

RECAP

About the event

InsurTech Summit Australia was an insightful one-day event that united Australia’s top insurance companies for a day of networking opportunities, panel discussions, case studies and presentations on strategies to remain innovative and equipped for the future of insurance. The event addressed the hottest topics in insurance - from customer experience to regtech and intelligent automation.

Kanopi sponsored the VIP Lunch, where experts discussed the collaborative opportunities emerging within the insurance industry and the future of digital insurance ecosystems.

Key Takeaways

#1 Having candid conversations early in the partnerships

Addressing pressing issues early on in the partnership process makes it easier for both insurers and insurtechs to manage expectations later on in the process. It also avoids a waste of time and resources for both parties.

#2 Having support from leadership for the initiative

To ensure consistency in the project, there needs to be advocacy on both sides, preferably from key decision-makers. Support from top leadership signifies commitment and filters through all the interactions in a partnership.

#3 Having a strong view of what success looks like

Aligning goals early on and even during the process is critical to the eventual success of a partnership. When both insurers and insurtechs work towards achieving collective goals, targets can be met faster and with higher accuracy.