Thread by @jackson_bubala

1/ Valuable insights from the @MetLife Digital Accelerator (powered by @techstars) InsurTech Panel this morning. Key learnings outlined in this thread....

2/ from @djbrigham: It’s important to target consumers during the “moments that matter,” which include when they are in the purchase process or using a product tangential to insurance

3/ from @ChristopherZock: At Sandbox, they try to find insurance-related processes that are labor intensive but are low value add. Example: Subgroation payments

4/ from John Bungert: It’s important to find ways for insurance products to resonate with consumers, especially those product which are not required (i.e. life insurance).

5/ from @CJPrzybyl: Insurance companies can be broken out into 3 separate businesses:

1. Marketing Engine
2. Financial Company
3. Service Organization

Insurance companies often forget about #3 - that they are service organizations and are in direct contact with consumers.

6/ from @iPaulLee: Big players have an advantage because they have tons of data. Startups looking to partner with large players tend to be more interesting because they’ll have access to that data, thus can leverage the big player’s advantage.

7/ more from @iPaulLee: Ridesharing services are priming people for autonomous vehicles because less people are driving and more are becoming comfortable with being driven.

Insuring autonomous vehicles will be _much_ cheaper than insuring human drivers in 10-15 years.

8/ more from @ChristopherZock: a framework for thinking about telemedicine and healthcare as it relates to insurance:

How does telemedicine help solve shortages, lacking access, or cultural (i.e. language) barriers to service?

@threadreaderapp please #unroll