Startupbootcamp InsurTech (SBC InsurTech), a provider of innovation programmes for the insurance industry, has entered into a new collaborative partnership with global professional services firm Aon. Aon has come on board as an industry partner for SBC InsurTech CoLab (CoLab), an innovation programme for mature markets which claims that it ‘aims to align the impact innovation can deliver with an organisation’s strategic imperatives and top priorities’.
Aon will focus on commercial and specialty lines, looking at common problems that crop up in certain customer segments, including small to medium-sized enterprises (SMEs) and large industrial insurance. The hope is that gaps in the insurance value chain can be identified, analysed and addressed via collaborations with new startups.
Among the issues that CoLab will explore are the impact of ‘industrial Internet of Things (IoT)’ and improving safety and wellbeing on high-risk work sites.
“Aon is committed to helping clients navigate the insurtech ecosystem and adopt new technologies that advance strategic initiatives,” said Kelly Superczynski, Head of EMEA Analytics for Aon’s Reinsurance Solutions business. “Working with CoLab means we can match startups with new product development to deliver growth opportunities. This will ultimately provide customers with broader insurance protection and risk management while enabling insurers to stay ahead of the game with a competitive advantage.”