Re/insurance broking powerhouse Aon has partnered with SBC InsurTech CoLab, a provider of innovation programs for the insurance industry, to better understand and address gaps in clients’ value chains through collaboration with growth-stage startups.
Aon will be focusing on CoLab’s ‘Commercial and Specialty Lines’ sector, which will look at specific problems in key customer segments ranging from SME to large industrial insurance.
SBC says its team will work with Aon to establish the particular problems that Aon and its clients want to see solved.
“Aon is committed to helping clients navigate the InsurTech ecosystem and adopt new technologies that advance strategic initiatives,” said Kelly Superczynski, Head of EMEA Analytics for Aon’s Reinsurance Solutions business at Aon.
Having started last month, the first cycle of the partnership runs until March and focuses on industrial IoT and how it enables the better understanding of risk.
The second cycle runs from April to July and explores people safety & wellbeing on high risk work sites.
Cycle three runs between September and December and will centre on tracking and estimating the value of cargo within the marine/logistics sector or the future of SME engagement & distribution.
“SBC InsurTech is committed to delivering targeted innovation programs that address real business challenges faced by the insurance industry, within blurred ecosystem boundaries that fast-moving technology creates,” stated Sabine VanderLinden, Chief Executive Officer at SBC InsurTech.
Commenting on the program, Antony Elliott, Group Head of Business Transformation at Zurich Insurance Group said, “We see the SBC CoLab approach as an accelerated and agile way in which we can work with InsurTech startups to solve customer and industry problems.”