NEW PARTNERSHIP TO FAST TRACK INNOVATION IN THE INSURANCE INDUSTRY

New partnership in insurance industry

OldMutual.png

To adapt to a continually changing environment, remain relevant in a technologically transforming world, and further create value for customers, Old Mutual Emerging Markets (OMEM) has established a partnership with Startupbootcamp InsurTech.

The purpose of the partnership is to continually discover how new technologies can be applied to the insurance industry’s value chain. By teaming up with Startupbootcamp InsurTech, Old Mutual can explore how to streamline, reorganise or redesign its business model, legacy processes and systems to meet customers’ changing needs and enhance their experience.

David Marshall, Chief Commercial Officer of Old Mutual Emerging Markets, commented, “We believe collaboration has a crucial role to play in enabling Old Mutual to provide sustainable financial wellbeing for our customers and their communities, and we are thrilled to be working with Startupbootcamp Insurtech.”

“This partnership gives us early exposure us to a numerous of emerging developments in InsurTech across the globe and makes it possible to explore various engagement prospects with the start-ups ranging from observation to experimentation to partnership to investment,” Marshall added.
“The start-ups in turn have the opportunity to leverage our expertise, experience, resources and talent to build more compelling commercial propositions. The result is a mutually beneficial exchange that empowers both parties to achieve their core objectives.”

Ten start-ups, including three from South African, are currently part of Startupbootcamp InsurTech’s tailored 3-month accelerator programme. The programme culminates in Demo Day on Wednesday, 26 April 2017 where the start-ups will have the opportunity to pitch to over 500 investors, mentors, partners, and media.Startupbootcamp InsurTech is a leading insurance focused global accelerator that has an excellent track record in developing a comprehensive ecosystem comprising start-ups with ground-breaking ideas, experienced investors, knowledgeable insurers, and various business development experts and mentors. Their collaboration makes it possible to bring innovative insurance solutions to market. Sabine VanderLinden, Managing Director of Startupbootcamp InsurTech, shares Marshall’s enthusiasm. “We are delighted to welcome Old Mutual Emerging Markets onto the Startupbootcamp InsurTech programme.

Sabine VanderLinden, Managing Director of Startupbootcamp InsurTech says: “We are delighted to welcome Old Mutual as one of our program partners. InsurTech startups are keen to engage with leaders in the insurance sector able to help them refine their propositions and implement cutting edge projects.
“We look forward to collaborating with a leading financial services group that wants to spearhead innovation, particularly across Africa and key emerging markets.”Ultimately, Old Mutual sees this partnership as an enabler of its Positive Futures Plan, which aims to help customers thrive by enabling them to achieve their lifetime financial goals while investing their funds in ways that will create a positive future for them, their families, their communities, and the world at large.

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