Episode 6: Open insurance and the API economy

Thursday 19 November

Agenda

All timings set in GMT

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Part 1
Thursday, 19 November 2020 19 Nov

Part 2
Thursday, 19 November 2020 19 Nov

Session 1

Part 1: Exploring the API economy

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13.30

From the studio

Lindley Gooden, Founder and Cheerleader-in-Chief, Greenscreen, will moderate the discussions and debrief with insurance gurus


Lindley Gooden

Journalist & Filmmaker,

Sabine VanderLinden, Alchemy Crew | Insurance Innovators
Sabine Vanderlinden

Co-founder, CEO and Managing Partner
Alchemy Crew

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13.40

Keynote

Next-level innovation through open APIs


Tomasz Kurczyk
Tomasz Kurczyk

Chief Transformation and Digital Officer
AXA Singapore

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13.55

From the studio – pundit commentary

Expert pundits will discuss and comment on the presentation, pick up on key insights and share their thoughts.


Sabine VanderLinden, Alchemy Crew | Insurance Innovators
Sabine Vanderlinden

Co-founder, CEO and Managing Partner
Alchemy Crew

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14.05

Keynote

Competing in the API economy: the business school view

Covid-19 has catalysed digitalisation, the growth of platform-led ecosystems, and deepened the reach of the API economy. How is this transforming business? What do the changes in the economy mean for insurance players old and new? How can organisations capitalise on the API economy?


Michael G. Jacobides, London Business School
Michael G. Jacobides

Sir Donald Gordon Professor of Entrepreneurship and Innovation; Professor of Strategy and Entrepreneurship
London Business School

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14.25

From the studio – pundit commentary

Expert pundits will discuss and comment on the presentation, pick up on key insights and share their thoughts.


Sabine VanderLinden, Alchemy Crew | Insurance Innovators
Sabine Vanderlinden

Co-founder, CEO and Managing Partner
Alchemy Crew

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14.30

Panel discussion

The API business model: how to get ahead of the game

  • Not missing out, or falling behind: how can insurers build a successful API strategy?
  • To what extent is a successful API strategy crucial in the current climate?
  • How will insurers profit from the API economy? What range of services can be offered?
  • Monetising APIs: subscription vs revenue share vs transaction pricing – which model will dominate?
  • How can insurers gain new customers by embedding their APIs on non-insurance platforms?
  • Problems of mis-selling: what risks do open APIs pose? How can insurers protect themselves and the customer?
  • Positioning your organisation: deciding whether to be a risk carrier or a distributor
  • Getting ready for the API economy: what technology architecture is needed?

Sarah Greasley, Direct Line Group
Sarah Greasley

Chief Technology Officer
Direct Line Group

Steven Woodford, BGL
Steven Woodford

Chief Technology Officer
BGL

Elisabeth Falck, If P&C
Elisabeth Falck

Nordic API Product Manager
If P&C

ClarionDoor

Senior Representative
ClarionDoor

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15.00

Live Q+A in the studio

The speaker will take questions from the audience before we continue the discussion with our pundits live in the studio.


Sabine VanderLinden, Alchemy Crew | Insurance Innovators
Sabine Vanderlinden

Co-founder, CEO and Managing Partner
Alchemy Crew

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15.15

Coffee break + networking

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Session 2

Part 2: The future is ‘open’

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15.40

From the studio

Lindley Gooden, Founder and Cheerleader-in-Chief, Greenscreen, will moderate the discussions and debrief with insurance gurus


Lindley Gooden

Journalist & Filmmaker,

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15.45

In conversation

‘Open insurance’: not if, but when

Join two industry experts as the discuss the development of ‘open insurance’ and what it means for the industry.

  • What are the main benefits of moving to an ‘open insurance’ model?
  • Will insurance follow the banking industry with mandatory open APIs?
  • Will regulatory pressure help or hinder the development of open insurance?
  • Is the lack of API standardisation the biggest hurdle to progress? How can insurance move past this?
  • To what extent is the public’s perception of data sharing a significant obstacle?

Fouad Husseini, The Open Insurance Institute
Fouad Husseini

Investment Director
The Open Insurance Initiative

Sapiens

Senior Representative
Sapiens

Tim Crossley, Sapiens
Tim Crossley

Business Development Director
Sapiens

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16.10

From the studio – pundit commentary

Expert pundits will discuss and comment on the presentation, pick up on key insights and share their thoughts.


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16.20

Panel discussion

Open insurance and API-driven insurance models: exploring the opportunities

  • What examples of open collaboration have already been seen in the market?
  • What lessons can be learnt from open banking?
  • What strategies need to be adopted to ensure collaborative success?
  • Defining roles in an open ecosystem: what must be done to enhance clarity?
  • Opening up to data sharing: how can increased openness be encouraged in insurance?
  • How can increased ‘openness’ spark innovation across the insurance lifecycle?

Claudia Bienentreu, AXA
Claudia Bienentreu

Head of Open Innovation
AXA Switzerland

Jimmy Williams, Urban Jungle
Jimmy Williams

Chief Executive Officer and Co-founder
Urban Jungle

Charles Ruelle
Charles Ruelle

Chief Innovation Officer
Euler Hermes

Soeren Defn Jahns photo, IBA, Insurance Innovators speaker
Soeren Degn Jahns

Chief Technical Officer
IBA

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16.50

Live Q+A in the studio

The panelists will take questions from the audience before we continue the discussion with our pundits live in the studio.


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17.05

End of episode