NAKED Insurance: Interview with Alex Thomson, Co-founder

IFC concluded two regional insurtech mapping studies in Africa and South-East Asia. The studies provided useful insights on industry trends and investable opportunities. Insurtech is reimagining insurance for incumbent (re)insurers and customers. Key trends include data-driven process optimization, industry-agnostic product development and cloud-based platforms . Usage-based personalized products and personalized customer service platforms such as offered by Naked Insurance  are industry-agnostic and provide a large value add applicable across various insurance sectors.

Remote claims assessment powered by drone technologies, coupled with data analytics, artificial intelligence, blockchain, or other emerging technologies are also increasing cost efficiencies for insurtechs and (re)insurers. Meanwhile, cloud-based services are opening up the industry for insurtech firms and innovative (re)insurers, increasing marketplace competition, and driving customer value innovation. 

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