“Innovation in Insurance” conference – event attended by insurers from across Europe

The 4th annual “Innovation in Insurance” conference took place 7 October. It was organized by Sollers Consulting and Guidewire Software. This year’s event brought together more than 220 European attendees from Europe.

It is estimated that global penetration has decreased from 3.2% in 2003 to 2.7% in 2013. New players and new technologies threaten the sources of revenue. The challenges which insurers need to face were presented in details by Marcus Ryu from Guidewire Software and Michał Trochmiczuk from Sollers Consulting.

Ways of how to respond for such threats were discussed by our guests during the panel conducted by Michał Trochimczuk, Managing Partner of Sollers Consulting. In the discussion took part: Marc Beaujean, member of the board P&V (Belgium); Horst Nussbaumer, COO Zurich Deutschland (Germany), and Marcus Ryu, General Director of Guidewire.

At the conference, among the speakers there were representatives of the leading European insurance companies: Aviva UK, Basler Versicherungen, P&V (Belgium) and Zurich (Germany and UK). Insurers presented case studies of particular experiences connected with transformations of the central IT systems in their companies. Additionally, there was a detailed discussion about the current trends and the use of Agile methodology in the insurance sector.

During the conference, representatives of the insurance sector commented on changes and how to react. 88% believes that the currently reaction of insurers is too slow.

Conference materials and more details can be found at innovation2015.sollers.eu. In case you would like to receive the access, please contact conference@sollers.eu