Advisr is a Leading Australian Insurtech

Recently the team from Advisr were invited to present to senior executives at Allianz as part of the Venturetec Allianz Startup Day.

Andy Jamieson, Advisr Founder and CEO spoke on three key themes for the Insurance industry and shared some insights around how Advisr is working for customers, industry and insurance brokers:

1: Customers want insurance to be simpler to understand:

Insurance is complex. Insurance products often come with detailed product disclosure statements and legal jargon that, whilst important, is complex and hard for people to understand. One challenge that the insurance industry faces is to engage customers who have become disenfranchised (unhappy) with how their insurance providers serve, communicate and engage with them. In short, insurtechs provide one opportunity where some of the complexity can be reduced.

 

2: Collaboration between Insurers and Insurtechs is key:

The insurance industry provides a very important product to the market. Insurance providers give customers security and confidence in areas where they are looking to mitigate risk. Whilst insurtechs may not have the capacity to service all areas of insurance, due to capital and regulatory requirements, there are niches where insurtechs can create significant value for insurers due to the insurtechs ability to adapt, trial and test what connects with customers through fast feedback loops and iterative processes.

3: Customers want insurance to be about them: 

Customer centricity is a cliche, thats for sure. However, truly being able to design products, services and experiences through the eyes of a customers is still desired. Customers want their insurance to be customised, personalised and made relevant to them as an individual.

 

So why are people using Advisr…

Advisr gives people back time. We make life admin easier, we do the thinking for you so you don’t have to remember your insurance and we’re working hard, all the time, focused on making your experience of insurance the best it can be.

 

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Andy Jamieson

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