NDRC and Aviva to explore digital change in the insurance industry
20/04/2016 Early stage investor NDRC and Aviva Insurance have partnered up to host Ireland’s first ever InsurTech Bootcamp in May this year. The weekend-long event will explore ways to digitise the insurance industry, to enhance the customer experience, and to achieve efficiencies that will result in lower premiums. Fraud; the internet of things; health, wealth and privacy are among the themes the startup teams will be exploring throughout the weekend. Participants will be supported by NDRC Venture leaders and Aviva insurance experts.
Entrepreneurs and developers interested in taking part in the Bootcamp can find out more at a pre-event panel discussion with Aviva’s new Chief Information Officer (CIO), Fin Goulding and NDRC Chief Executive, Ben Hurley which takes place on Tuesday 26 April @ 6.30pm in NDRC. Goulding, who recently joined Aviva from Paddy Power, will be sharing his insights on the potential of digital to transform customer relationships.
Hugh Hessing, CEO of Aviva Ireland said: “Digital is the new reality for our customers. From our own research, we know 73% of customers prefer to go online for basic information on insurance while 42% of millennials prefer email contact with insurers. The advance of technology is going to disrupt our business and unless we embrace it and support its generation, we could get left behind. This event is about supporting startups and asking them to re-imagine a 300 year old industry in a digital light.
Ben Hurley, CEO, NDRC said: “Our vision for the event is to link the vibrant technology startup community with expert insurance teams. Over 48 hours we will see what challenges, opportunities and potentially new ways of conducting business and products they can identify. We have seen some very successful and innovative ventures emerge from previous events and programmes we have run in the sphere of healthcare and Fintech, so the process should be interesting”.
The Insurtech Bootcamp will take place in NDRC from the 20 – 22 May.
Aviva provides life insurance, general insurance, health insurance and asset management to 34 million customers, across 16 markets worldwide.
‘Aviva Ventures’ is a wholly owned venture capital business which invests in a range of digital and new technology businesses. Aviva Ventures provides early stage investment to back entrepreneurs with high growth businesses.
NDRC is an early stage investor in innovation, making ventures happen by investing in startups, and improving the environment in which they can grow. It was recently ranked the no 2 university business accelerator in the world at the prestigious UBI Awards.
Rachel Graham, MKC Communications, 01 7038600 / 086 8488 092