A new start up in the insurance industry called Evari has been announced in Australia, with one of the founding members being the former CEO of Zurich Australia & NZ, Daniel Fogarty.
Evari will provide a customer first, digital experience, that simplifies the purchase and management of business insurance and will launch in mid 2017.
“At Evari we are using technology to create a great customer experience and solve challenges that SMEs face when buying their insurance,” Fogarty said.
“I know first-hand the challenges that incumbents have trying to get innovation into the insurance process, and I firmly believe there is a better way of servicing the needs of small businesses”.
— Insurance & Risk (@IRP_Online) March 28, 2017
Fogarty also hosted the inaugural and sold out ANZIIF insurtech conference this week in Sydney that saw the burgeoning insurtech sector join forces with the insurance industry to discuss the future of insurance. Analysis from KPMG International’s, The Pulse of Fintech report shows that insurtech is predicted to continue the strong growth witnessed last year as the insurance industry plays catch-up with the innovations seen in the banking industry.
Growing applications of innovative technologies like wearables, the Internet of Things and artificial intelligence to the insurance industry are also likely to spur further investment in the sector.
“I, like many others, are keen to see a vibrant insurtech community in Australia, as we are very well placed to drive the next generation of innovation here and then export that innovation globally,” said Fogarty.