The industry’s perception of insurtechs is changing and they are being seen less as disruptors and more as organisations for incumbents to collaborate with. However, elevating an idea from concept to build and through to mass markets continues to be a daunting prospect, which is where Polaris hopes to lend a hand.
As an industry owned organisation benefiting from thousands of hours of industry input every year, Polaris have provided solutions for the insurance industry for over 25 years, since a time when the internet was seen as ‘the new tech.’ Throughout the years we’ve helped many companies along their journey. The event provided an opportunity for insurtechs to understand whether Polaris products could assist and speed up their access to market.
Several insurtechs were in attendance, whose businesses each bring an individual and unique spin on modern day insurance. Attendees included the likes of Trov, a San Francisco based technology provider who specialise in mobility insurance, cyber risk technology provider KYND and distribution platform provider KASKO.
During the presentation our speakers were able to showcase Polaris’ collaborations with insurtechs and how we have helped them improve their speed to market, build and rate insurance products that easily connect with other industry systems and how we are partnering with data providers to enhance our own product offering.
The guests were able to discuss how our products – Standards, ProductWriter and imarket – can help them along in their journey.
Recently, we have worked with insurtechs such as By Miles, Honcho, Cytora and Pikl. Our collaborations have ranged from providing our product Standards, giving them access to the language of the industry, reducing build time and allowing for easier integration with the industry systems, to providing ProductWriter Toolset and the RTE rating engine enabling users to easily build and rate their bespoke products.
We have also integrated ProductWriter with commercial lines data provider Cytora, so our users can build up a more accurate view of risk instantaneously through the use of their data.
Please register your interest for our next Instech event (date TBC) – [email protected]
We are constantly on the lookout to work with more insurtechs. View our products bellows and contact us to explore how as an industry owned organisation, we can assist you.
Standards Our data sets to help you efficiently and effectively create products in line with the market.
Steve Waller – [email protected]
ProductWriter Allows companies of any size including insurers, brokers and software houses to build pricing models and deploy them to multiple distribution channels.
Martin Thornhill – [email protected]
imarket Connects thousands of brokers and insurers together through one simple connection to send and receive quote, referrals and other information, in a cost effective and efficient solution. Simon Bloomfield – [email protected]