German financial services group Allianz has announced the launch of its Digital Arena innovation platform. Will the Asian insurance industry be the next disruption hotspot?
Allianz has officially launched its new Digital Arena innovation platform, its new platform designed to encourage start-ups and entrepreneurs to join the reinsurer in reinventing the insurance experience for consumers in Asia.
The programme has been established to encourage start-ups and entrepreneurs to share and pitch fresh ideas that will reinvent the way insurance is delivered and experienced in Asia the firm said in a statement released today.
Participating start-ups can register their interest on the portal www.allianzasialab.com, to have their propositions reviewed and shortlisted by Allianz’s Asia Lab team, after which both parties enjoy the flexibility of exploring collaborative options that include partnerships or investments.
Disruptive Start-ups
With the aim of bringing together Allianz commercial teams with high-potential entrepreneurs and start-ups from the digital community, the Digital Arena platform will support Allianz in identifying new ways to meet customer needs along the insurance value chain. The platform aims to pioneer next-generation innovation and solutions in connected health, mobility, insurtech, analytics and cyber security.
«Customer needs are evolving rapidly and it is important that we are open, committed and have the infrastructure to meet these changing demands,» said Robin Loh, Chief Digital Officer, Allianz Asia Pacific.
MAS Support
This launch follows the unveiling of Allianz’s Asia Lab earlier this year, which finews.asia reported at the time. Established with the support of the Monetary Authority of Singapore (MAS), the lab sits within Allianz’s regional headquarters in Singapore’s Asia Square.
Singapore is home to Allianz’s regional head office, from where it services 14 markets across life and health insurance, property and casualty insurance, and asset management.
