IaaS: Insurance as a service
summary
Three adoption modes emerge: cloud-native insurtech platforms rent underwriting, claims processing, fraud detection and customer service as SaaS, often running on subscription/pay-per-use models; payments as a service analogies motivate API-driven open insurance offerings that let marketplaces embed travel or product insurance and let Amazon or Fitbit package SME, product or health cover; and usage-based models like pay-how-you-drive use telematics and wearables to vary premiums. Studies show 81% of large insurers already invest in or work with insurtech.
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chapters (7)
- 0:00Start
- 2:00Line-Up
- 2:24XaaS is already part of your life
- 5:33Financial Service as a Service?
- 8:08Insurance as a Service Solutions
- 10:05Open Insurance Offerings
- 11:54Usage based Insurance
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