The insurance sector is known for its invariable services. Since its origins, it has been always offering the same: insurance products that satisfied certain needs. But, what about now? As we have already discussed in previous entries, we are living in the digital era but, to which extent do we need to apply the technological transformation inside the insurance sector? Today we will explain you 5 reasons why this is time to innovate inside the insurance industry: 1. Fast-Changing world Changes occur faster than ever, and, even if you are doubting whether you really need to innovate or waiting a bit longer, you should consider that younger generations are digital nomads. In other words, they were born among new technologies, and they get used to them in the blink of an eye. So, it is a good idea to double
Wenalyze is sponsoring Intelligent Insurer’s Underwriting Innovation Europe Virtual Event (June 28-30) and we hope you can join us there! With 1000+ attendees, 45+ speakers and 15+ hours of content (all available on demand) it’s a great opportunity to hear top-level underwriting experts debate the next era of underwriting, fueled by an abundance of data and emerging technology. On Tuesday 29th June at 17:20 CEST, our COO and Co-Founder Roger Ferrandis will be one of the speakers of the panel Underwriting Insurtech Showcase in which he will explain how to leverage online data sources to optimize commercial insurance processes. You’ll also be able to listen to C-level speakers from the world’s biggest insurers sharing how they’re driving efficiencies and improving the customer experience in underwriting. The agenda is addressing
Insurers must be aware of the drivers of change inside the insurance sector and invest in them in order to attract the new clients.
“El mundo que viene” was organized by Banco Sabadell and Startup Valencia for Hub Empresas. On April 20th, Carlos Albo (CEO and founder at Wenalyze) participated in the monthly virtual event “El mundo que viene”, organized by BStartup of Banco Sabadell and Startup Valencia for Hub Empresa. In this case, the event was focused on discussing how it is going to be the insurance sector of the future, and how it incorporates innovation and technological advances into its day-to-day operations, in order to offer a better service to the consumer. During his speech, Albo presented Wenalyze’s business model, and highlighted the need inside the sector for “start working seriously on data analysis, since companies will stake their profitability margin on a deep knowledge of
Wenalyze will be participating at Commercial Lines Innovation USA Virtual (May 18 - 20) along with 1000+ attendees, 40+ speakers and 12+ hours of content.
During the past years, the insurance sector was already experiencing a timid evolution towards more digitalized process. However, the current situation and the pandemic are boosting a faster change. Also, it is important to take into consideration that clients are not looking for the same products anymore. Their lifestyle changed, and so do their needs.
Carlos Albo, CEO, and Roger Ferrandis, COO, of Wenalyze will be participating in different panels at the Infinitech H2020 Infinitech Stakeholders' Workshop Series. On March 24th, 3 different sessions will be held online on Artificial Intelligence and Big Data analytics applied to personalised, Usage Based and Configurable Insurance Products.
Wenalyze enters GoHub Accelerator, Global Omnium’s program to boost sustainable industrial digitization
Wenalyze enters GoHub Accelerator GoHub, Global Omnium’s open innovation hub, has incorporated six new deep tech startups in the second edition of its acceleration program, including Wenalyze, which is the only one in the insurtech and fintech sectors. Following the success of the first GoHub Accelerator call developed in 2020, more than 800 startups from all over Spain and different European countries have applied to the selection process called in September. It is worth remembering that the program is still open. The chosen companies, in the growth phase, offer innovative solutions in various sectors and help the exponential transformation of the industrial fabric through business intelligence, data analytics, predictive technologies, cybersecurity or testing of virtual environments, in order to automate processes, optimize costs and
Wenalyze participates in a webinar convened by the Silicon Valley Insurance Industry Startup Accelerator
Ferrandis participated in the conference on innovations in underwriting along with other leading industry players, who discussed the use of data for risk identification, underwriting, assessment, and pricing, through data analysis, showing different practices to implement all these issues, such as those offered by Wenalyze. This is the first event in which Ferrandis participates with its new responsibility in the startup, after handing over the baton as Chief Data Officer to Rebeca Jimenez.
Wenalyze has been the beneficiary of one of the aids that the City Council of Valencia grants within the call of the Program of subsidies for the development of innovative challenges of the productive sectors in the city of Valencia.
Wenalyze will attend a series of very dynamic sessions organized by the Bundesbank with a wide variety of challenges, including the opportunity to publicly present the business idea
The use of external data is the new trend in the insurance industry
Wenalyze adheres to the European manifesto for covid-19 research in the European Union, promoted by the European Commission.