Insurtech has kept the promise‘The heertech wend hee slgyilinently mused cu tee pret ‘ie are We fave seen billons a bills of eros lnvemed in tareupe wh an moreasingy bigger numa of ‘ous ond we have several irautec payers ted onthe stock mane wih even an eu dedetea othe stckain {is segment Over the ost en months, we have lo seen 8 alts forus on rach by SPAC. chav been pioneer nhs approgch Wie wrote about {rchmede SPAC's ambition frvancsssurance protection Uedingurtech n Buses enters Paes! Insane epont 2078 when he journey wast staring Aichmede wasa very pectic PAC the st desea the rte share resented the market ‘whan derafed eget ve prevented an ndustral approach Toautedon goveing he business combintion. Now ~ afer tre yoars~ we wart lok back on this [eutey and shate some essnsteamed vchimeces ‘voneasturanee, siete nde’ promis hs been Kept. enectng 2 percent euro the SPAC wvestors Ras sucessful implemented te statgy ard achieved ‘chimes targets 2020, te Cornany has served moe ‘than 45000 chen and gross writen pris amounting {S117 20 peat ethan Amedeo Netinauanc’ rational busines erased fam E244 rian on 30 tne 2018 2 millon on 30-dne 2023, cansaldaing is edersip n nsurng the CO business. The new protection tuenare~ troduced snes ha sequstion of! ‘healdNetncranc by Ntumede tthe Bening of 2019 “pated accounted or 38 9 main, eresetng anosthaf ofthe company’ tp line on 30 June 2021 tverjthng hasbeen aeteve wi stanton othe ec! ‘Sistas ofthe prt: indeed the corned ato. sod 6 pat cn at of rensranes (gros 7 pet et),Our business strategy has been based ona transformative Seprach tat fossa on appving dal ecologies fo protect people fly and SME. Insriech Ras bean “rbedded made te ole surance wake ein by scum a busess accelerate role onthe one and ‘eanolgy hasbeen verte evan a ir processes onthe other thas cette he pose of 27 ‘tere movatve produce ‘An gpa novation ogc hasbeen app to allow the egration flere partners. Fo example, onthe se of the dst chames we developed pariersps with ‘Yolo and Necsuance, Inthe ate of Gah management 2 Darnreip wth MotioneCoud ha lowed the company > Process caine within hour nd asters damages whit one week trough video evalvan. Al hese nostal purtershipe have been es Net Insurances egy "vestments in these paras “Te neutach nates re alo buleng founds for "tre roth fen months 2953 parser et insurance coverage was devoped fr EX cua butt Th embedesnsrancenitvels based on he 6s of th mart heme security syst ool by hs aang alan ay, the raurance perm rect the ik migion fre, “Three ia lessons canbe [ered fom our journey, Fret. anderarting exces remain ay fotor > company perfomance. fs mare han amp tak slaction ‘nepicng trequres 9st ofeapabutes eres! jugements, forecasting of ute ndusty performances and ‘ity porto management We ared that these ‘lets canbe svenghene by he apucstn of pe” technaogis, lowing te use of raw datasources and econ mdls. The eal change now isto wesform nderriing etait tae an expanded a more cexettng role that matches the compeaty of today's woldThe second lesson leamed is the importance of building @ tansparntelaionsip wah shuretaders, especially non ‘new normal sana characterised by lowerfor longer inarest ates din an economic andsape marked the uncertainty of he post Cade. Aczounaby, onsparency [ndengagement re essen for good governance that Nos & ‘corcetempact on he bsiness and promotes sistaase own ‘Tir theres the opportu to foes the novation effort ‘minaurechinatves wth eubeantal mpac onthe siness Suceersulinovatons must be close) cordate wth the company’ satay moran Ivaves Saran of the company spreading ts mpact re the se cham fs portant to mprove esting Busnes nes, bats site necessary fo rebink ol procesaes and empower ter wth insrteeh soto, Nomadeys,nguits ate aceg o prec storm of eent ‘converging factors: changing customer neds andthe nergance ctnen payers Inthshighy compelive and fast ‘hanging more novaon investments epersert a erties! {actor Tete ae many chalenges~ culture regulation opacy "tors - bite frecat i fvouabin inset nites "ile move and more evant for echeng eat inthe by Ana Batista CEO Net insurance and Matteo Carbone,AA business-reporter.co.uk @