Hannover Re’s Post

By partnering with Schroders on this initiative on blockchain technology in reinsurance, Hannover Re is paving the way to a broadening of ILS solutions. This will provide us with the necessary insights and expertise to effectively navigate and seize future retrocession opportunities.   #HannoverRe #Schroders

Gamification – enabled by #artificialintelligence and #machinelearning – is emerging as a popular tool to engage and motivate insurance app users. Jaco Oosthuizen, co-founder and MD of YuLife South Africa, says approximately half of its current users engage with the app daily, ranking the app alongside some of the most successful social media apps on this measure, and putting it among the highest-engaged insurance apps worldwide. “We are in the initial phases of AI and gamification in insurance. Insurers risk losing their competitive edge if they do not invest in #AI and machine learning, and stay up to speed with the latest client engagement-focused #predictiveanalytics and modelling,” he says. Read more in our latest hr | equarium blog here: https://lnkd.in/eKQQvd25

How to measure extremes?     This was the main question at our workshop we held for the Italian market last month near Milan. This edition was particularly special, not only because we had a record number of participants, but also because of the important context of last year's severe hailstorms. These storms resulted in the most expensive insured loss ever recorded in Italy, making it crucial to address this topic comprehensively.   In our discussions, we tackled the issue from different perspectives:   🔹 Climate data: how can we acquire reliable climate data?   🔹 Insurance and reinsurance impact: what were the consequences for our industry?   🔹 Modeling improvements: how can we enhance our models to better serve our industry?   Serious topics, but great #wespirit. A big thank you to everyone who joined us and contributed to these vital discussions!

Legacy systems can present unexpected challenges to insurtech startups, often stifling innovation in the artificial intelligence, automation and machine learning realms.   “Technology businesses that play in the insurance space are often bound by legacy systems in some part of their value chain; we put technology first and built everything we needed to deliver our value chain from scratch,” says Ernest North, Co-founder of Naked Read the full hr | equarium blog article here: https://lnkd.in/ebVMk2U7

How can a 30-second face scan provide insurers with valuable insights for risk assessment and proactive healthcare strategies? Our recent webinar with Alula Technologies and Ally Health explored this question alongside integrating rPPG face scan imaging technology with in-person health checks, wearable devices, and dynamic individual health scoring. 187 attendees joined the session sparking great curiosity and insightful questions for our esteemed panel of industry experts, exploring the opportunities this can offer for the life and health insurance industry. Tim Smith Lisa Balboa Gareth Matthews Simon Spurr Kelly Klifa If you missed the webinar or would like to learn more? Watch the recording here - https://lnkd.in/evVw-vWV Read the full article here - https://lnkd.in/eBmnnfBq

What you need to know about Long QT Syndrome (LQTS) to improve risk assessment: The genetic heart condition can cause dangerous irregular heartbeats and potentially lead to sudden cardiac arrest. It is characterised by a prolonged QT interval on an EKG and can be managed with medications, and in some cases, implantable devices. Our latest ReCent Medical News – Special edition provides insights into the intricate nature of LQTS, from navigating diagnostic challenges to implementing treatment strategies. Read Nico van Zyl's analysis, including discussions on risk assessment and management options. To enhance your understanding and approach to LQTS click this link: https://lnkd.in/eDMTVGbx #Underwriting #LQTS #RiskAssessment #ReCentNewsletter

Staying Focused. Thinking Ahead. 🚀   We're delighted to have run our first LEAD 2.0 programme “Staying Focused. Thinking Ahead”. 🎉 The 3,5-day seminar was intense learning and a lot of fun especially through the engaging collaboration of our worldwide colleagues!   With invaluable support from INSEAD, we were able to elaborate on our People & Culture strategy, equipping our leaders with the skills to navigate change, build alliances, and excel in ambiguity. 🌟   Thank you to everyone who made this event possible and for your dedication to continuous improvement and leadership excellence!🙏 Sven Althoff, Connie Demmel, Jennifer Bowie, Marco Braksiek, Olaf Brock, Tomás Canas da Costa, Paul Carragher, Christian Dietz, Avijit Ghosh, Ole Hanekop,  Stefan Heinisch, Vincent Hermenier, Patrick Horstmann, Aaron Kinakin, Alexander König, Jonas Krotzek, Marian Leung, Brona Magee, Fabian C. Merz, James Ng, Nadine Ostermann, Jason Rickard, Pete Schaefer, Stefan Sperlich, Dorothea Vincent, John Walters, Margot Wilson, Jan Zimmermann, Rebeka Toth, Nadav Klein, Kaisa Snellman, Ulrike Weber, Nele Mareike Barsch #LeadershipDevelopment #HannoverRe #INSEAD #ConnectingPower

Unlock a first look at next week's webinar with Alula Technologies and Ally Health in our preview video: https://lnkd.in/dXsGMZQ4 Sign up to hear more from our esteemed speakers at Hannover Re Tim Smith, Gareth Matthews, Lisa Balboa, and Alula Technologies' Simon Spurr, and Ally Health's Kelly Klifa on changing the face of preventative healthcare: combining digital and clinical health data with insurance. 📅 Tuesday 11th June, 11.45 am - 12.30 pm (UK time) 📍 Register to be a part of the conversation or to receive the recording: https://lnkd.in/eApsW3kb 💡 Learn more about the combination of rPPG technology with wearable devices and comprehensive health checks, and the opportunities this can offer to life and health insurers. #DigitalHealth #Webinar #HealthTech #Innovation #HealthInsurance #LifeInsurance

Last week marked the first in-person meetup for our Life and Health Digital Ambassador Network at our London, UK office. Our new company strategy “Staying Focused. Thinking Ahead.” set the tone for an event filled with global insights and forward-thinking discussions. Our digital ambassadors from across the globe brought their high energy and inspirational perspectives to share about the successful insurtech and innovation collaborations across their different markets and discuss the latest digital and innovation topics in the (re)insurance industry. Key topics included #AI, #dataanalytics, #predictivemodelling, client centricity in innovation and digital, #health and #wellness, and exploring our own Hannover Re digital solutions and what’s next for Hannover Re. Global connectivity, a culture of innovation, and shared learning make us somewhat different. This collaboration allowed us to think ahead, driving innovation and digital excellence to develop and deliver solutions for our clients and the life and health insurance market.