#disruption isn’t limited to internet unicorns..

“you can in fact teach an old dog new tricks..”

IF THERE WAS A PRIME CANDIDATE IN THE FINANCIAL SERVICES SECTOR THAT COULD LEVERAGE DISRUPTIONIT HAS TO BE THE INSURANCE INDUSTRY

• Worlds largest taxi company owns no taxis ( Uber )

• Largest accommodation provider owns no real estate ( Airbnb )

• Largest phone company owns no telco infra ( WeChat )

• Worlds most valuable retailer has no inventory ( Alibaba )

• Most popular media owner creates no content ( Facebook )

• Fastest growing banks have no actual money ( SocietyOne )

• Worlds largest movie house owns no cinemas ( NetFlix )

• Largest software vendors don’t write the apps ( Apple & Google)

Digital Disruption has happened so get used to it

Trails, Planes & Automobiles ( oh and ships too )

Trails, Planes & Automobiles ( oh and ships too )

Trails, Planes & Automobiles ( oh and ships too )

Trails, Planes & Automobiles ( oh and ships too )

• The driver? Nope..there isn’t one!

• The manufacturer? Sure, which one?• Hardware? Software? Services? Support? Navigation? Maps?

• The engineers of the parts? The programmers? The project managers!?

• The quants, or actuaries, or data scientists or game theory PhD’s??

• The open source data compilers? Wikipedia authors?

• Who ya gunna sue !? You can’t sue them all !!

• Winabago driver’s who set cruise control to go make a coffee !!

Self driving cars & trucks.. Who do I sue now?

HOW ABOUT WETHINK COMPLETELY OUTSIDE THE FOUR DOTS

FOR JUST A COUPLE OF MINUTES

• How about a bona fide accurate heart rate app• make it accurate, give it away for free, build a better dashboard

• build trust then offer lower premiums because you know I’m healthy

• find an issue? let me know so I can get it fixed, then offer me lower premiums

• Ride Sharing market ( don’t penalise, endorse & sell to them)

• Open data ( I’m telling you stuff freely, you’re just not listening )

• Don’t hand me empty forms, auto fill what you already know!

• How about premium rates that update in real time?

What could we do today with little imagination?

• Smart Cities

• Internet of Things

• Machine to Machine integration

• Sensors on everything, especially if it moves

• Open Data / Open Corporate Data / Open Personal Data

• Big Data & Analytics powering Smart Agents

• Consumers who decide to just unplug as it’s getting “too hard”

What’s just around the corner to be aware of?

THANK YOU.Dez Blanchfield@dez_blanchfield

+61 414 464 356

dez.blanchfield@vaultsystems.com.au