Disruptive technology to Home Insurance

Disruptive
technology
The changing tide

How I Learned to Stop
Worrying and Love
the age of digital

On average coffees
from vice are
€3-€4.50
Customers are
dedicated to an
aspirational idea

This is a disruptive
business model
if Starbucks is
playing catch up

Flo targets Millennials, shes safe, simple and easy
to understand. Why?

The Great Recession didn't just postpone financial independence for millions of young
Americans. It also changed our attitudes about what it means to be an adult.
http://www.theatlantic.com/business/archive/2012/02/adulthood-delayed-
what-has-the-recession-done-to-millennials/252913/

In August 2010, Robin Marantz Henig observed
in New York Times Magazine that Generation Y
(the Millennials) has pushed back each of the
five milestones of adulthood: completing
school, leaving home, becoming financially
independent, marrying, and having a kid. Why
won't Millennials grow up? she wondered.
The biggest reason is they can't, according to
the Pew Research Center's fantastic new
survey "Young, Underemployed, and
Optimistic." It begins with school.

The good news is that more young adults are enrolled in school than ever.
The share of 18- to 24-year-olds enrolled has increased by 50% since 1990.
That's awesome. Less awesome is that the cost of college is rising, too.
Average debt for public college
students doubled between 1996 and 2006. It's less advisable to invest in
marriage with $30,000 in student debt as a couple. "More than one-in-five
young adults ages 18 to 34 (22%) say they have postponed having a baby
because of the bad economy," Pew reported. "Roughly the same proportion
say they have postponed getting married."

If school years delayed financial independence,
the Great Recession just about shattered it.
Due to economic conditions, 24% of young
adults have moved back in with their parents
for a significant period of time. "Among those
ages 25 to 29, the share moving back home
rises to 34%," Pew reports. One in three!

Before gender began to influenced
how we played

People are defining themselves by
brands

We need to diverge to survive as
more enter the market

Then there's the drooping middle class. The Federal Reserve Board's latest analysis of family
finances showed that from 1998 to 2001, American incomes were up across the board. But
when economists divided the population into five equal segments, a well curve emerged.
"Incomes grew at different rates in different parts of the income distribution," the Fed reported,
"with faster growth at the top and bottom ranges than in the middle."

For example, a younger policy holder is
likely to renew an automobile insurance policy
at regulatory minimum coverages to keep his or her cost low.

However, as the same individual
grows older and becomes more value
and time conscious, he or she will consider
riders for roadside assistance and vehicle
repair.

The breakdowns for these market segments can be complex when considering the dimensions
of vehicle type, geographic location, income, household makeup and
many other factors.

As insurance operations grew over the years and more and more lines of business (LOBs) were
introduced, the business side within insurance companies developed a product centric view of
the industry. At the same time, information systems grew in capability and became an
indispensable component of the business. When systems areas were created and funded, they
necessarily formed around the existing LOBs, and thus today’s silo approach to IT was born. Only
gradually are the terms “one face to the customer” and “single view of the customer” gaining a
hold in insurance thinking.

While insurers were maintaining their product centricity, consumers changed in other ways.
Consumers were more or less a uniform group 20 years ago, with price sensitivity versus service
orientation lying on a Gaussian curve.
Today this bell curve has completely flipped, leaving a market with significant populations of
consumers at both ends of the commodity pricing versus premium quality spectrum. As a result,
the classic mass market is diminished although still pursued

On one side, hunting for the cheapest offer has become a popular sport, rendering
other product parameters irrelevant. On the other side, consumers are still willing to
pay a premium for convenience and service.

On the other side, consumers are still willing to
pay a premium for convenience and service.

Brace yourself Fintech is coming!

http://www.slideshare.net/ourcrowd/20140729-fin-tech-webinar-zack-
miller?qid=9ddff0cd-111f-4e70-9e9c-c2649b5c0adc&v=qf1&b=&from_search=3

Why cant it reward an insurance claim
In the most basic form, what's stopping our customers
From crowdsourcing a global pot and reward
Each other due to a great video?
Kickstarter rewards an idea

Why cant it reward an insurance claim
Kickstarter rewards an idea

Tech Entrepreneurs are like Vikings
The will go from village to village burning down industry standards if there is
Gold to be had

Vehicle insurance is more attractive as it’s a need not a want. Depending on how Apple positions
the space they may allow startups to enter the market through Apps
It’s a space that insurance needs to quickly innovate
Only barrier is legislation

Vehicle insurance will be hit first as it’s a need not a want
It’s a space that insurance needs to quickly innovate
Only barrier is legislation
Home insurance already has innovation with the nest.
Home insurance is a nice point of entry as anyone with intelligent devices
Are early adaptors.

But more important
It may come from somewhere we lest expect!

Gadget insurance is going to become more and more important in the future.
It can be the tool for early adoption, education and to begin the first step into
moving Axa into the internet of things.
Bit like the €5 top ups that converted early mobile phone users

Questions we need to ask
ourselves

Are we on a hamster wheel and
Need to get off?

Its winter coming to insurance
as we know it!

Artificial intelligence,
the Internet of things and
Other stuff from the
Matrix!

Artificial intelligence
Zuckerberg reveals Facebook's AI
Zuck says Facebook's in the midst of building AI systems "that are
better than humans at our primary senses." They're designing one to
be able to detect everything in an image or video: people, objects,
animals, backgrounds and locations, among others.
If it can understand what's in an image or video, it could, for instance,
tell a blind person what it's about.
The other system they're working on focuses on language, so that it'll
be able to translate speech to text and text from one language to
another, as well as answer questions in conversational lingo.
Of course, these AI systems' most obvious application is being able to
surface more relevant News Feed entries for users and giving
everyone a new way to consume posts on the site.
engaget

Snips Grabs $6.3 Million To Add An Artificial Intelligence Layer To Your Phone
French startup Snips just raised $6.3 million (€5.6 million) in a seed
round led by The Hive, with participation from Eniac Ventures, 500
startups, Brent Hoberman, Xavier Niel and Bpifrance. The company
wants to add some sort of artificial intelligence layer on top of your
smartphone so that you can use your phone more efficiently.
In pragmatical terms, Snips will release in the near future a new
Android home screen as well as an iPhone app so that it can show
you relevant information and apps when and where you need them.
In many ways, this pitch is very reminiscent of smart Android home
screen startups, such as EverythingMe. The iOS app might just be an
intelligent app launcher.
http://techcrunch.com/2015/06/26/snips-grabs-6-3-million-to-add-an-artificial-
intelligence-layer-to-your-phone/#.lfbegm:avYL

Snips has been around for a while, focusing
on smart data analysis with a lot of data
scientists and PhDs working for the
company. The team didn’t have a product
or business model in mind. It experimented
for a while, launching projects around
smart cities, such as Tranquilien, a service
that predicts how busy your train is going
to be, or a smart empty parking spot
prediction service.
http://techcrunch.com/2015/06/26/snips-grabs-6-3-million-to-add-an-artificial-
intelligence-layer-to-your-phone/#.lfbegm:avYL

What the flip does A.I. have to do with Insurance?
(“It was better when he was using pugs as examples!”)

Dungeons and Dragons, Insurance and

Dungeons and Dragons, Insurance and
Stick with me!!!!!

Players / Customers
In D&D players create a character sheet. Its where the player is
able to input information about the character they are playing.
It helps to define who the person is. Just like insurance forms. (
it all boils down to numbers in the end )

Dungeon Master /
Insurance Company

Dungeon Master / Insurance Company
A Dungeon master controls the game. He has rule books for
every event he can think of, within reason. He says whats with
the rules of the game and not. He can reward the players ability

The little castle is not for show, its called a DM screen. He can hide
behind that to tweak the game for each event. We need to keep the
game flowing and to cover his human errors, bad dice rolls. Much like
our call center he may not always have the right info in front of him so
he need to hide.

By 2005 his job can be done by an AI.
The AI will be able to react faster, give better feedback, call up
information faster.

The Director, sometimes referred to as the AI Director, or simply as AID is the artificial
intelligence of Left 4 Dead that features a dynamic system for game dramatics, pacing, and
difficulty.
Instead of set spawn points for enemies, the Director places enemies in varying positions
and numbers based upon each player's current situation, status, skill, and location, creating
a new experience for each play-through. The Director also creates mood and tension with
emotional cues such as visual effects, dynamic music and character communication.
Moreover, the Director is responsible for spawning additional health, ammo, weapons, and
Special Infected, like the Witch or the Tank.
It should be noted that there is another Director in the game, which controls the music on
a per-player scale, called the Music Director. This article will only deal with the main one,
the Director in charge of spawning enemies and items.
The Director

On the most basic term, Insurance will move
to an AI in the next 15-25 years.
Being able to track all your information
through devices, calculate problems before
they happen thus reducing the need for our
Dungeon Master/ Insurance Company we
know today.

Thanks to google maps my car will slow down for me. This
if I am driving my car. Black spots will generate from all
the data returning from each car accident. ( If self driving
cars crash?)

Insurance today Insurance 2025

Smart
devices
Home
owners
Vehicle
owners
Business
owners
You don’t
need
insurance
ever again
just a
membership
to the service.
Saves you
time, money
and worry
Google
Apple
Nest
Other smart
tech
platforms
Early waring AI
system
Payment for membership.Cost of developing the system
Our
intelligence
system
removes worry
Dev team

Who is going to dominate this space

Apple was working on a project that would
"give Tesla a run for its money

Financial Times and other media sources speculated that Apple was perhaps developing
an advanced software platform to build upon what it introduced with CarPlay because a
full-on car project sounded unbelievable, but just hours later, The Wall Street
Journal launched a figurative bomb. Apple is indeed working on creating an electric
vehicle, said the site, a project that it started exploring last year.

The trend of macro and micro data means that
we will have google and Apple as a platform
And a competitor.

We can out-preform them by educating the customer
About our products now to be ready for a fighting chance.

Funding:
Received Undisclosed in 2 Rounds from 3 Investors
Most Recent Funding Series A on October 7, 2014 / Undisclosed
Amount
Headquarters:
Zürich, Zurich
Description:
Knip is a curated insurance platform that aggregates all your
insurances and other financial products

Knip is a Swiss Curated Finance platform
that takes away the pain of managing your
financial life. It manages all your insurances
and other financial products like pension
plans for you online and on your mobile.
Furthermore Knip provides you with a bi-
annual review of your finances to always
provide you with the best tariffs and
products. Insurance hassle - never again.

Overview
Free yourself from the insurance mess! The
Knip app takes over the complete
management of your insurance! You have
to give us a few key figures. We will finally
provide the necessary overview of your
insurance, tariffs and services.

Interaction
We are there when you need it! Reporting
a damage directly from the app and
change addresses, rates and information
on the fly. Freedom is a great feeling.

Instech is currently
Not a word but it will
be.

For AXA to be ready
We need a Instech
Lab to be ready
For the war

Disruptive technology to Home Insurance

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