The Inspire Insurtech Interviews are a regular feature of the Insurtech Australia website – talking to members of the AU Insurtech community and finding out about who they are, what they do, and what we can expect from them in the future.
John Gamble, CEO of uBind, was recently featured, going into detail about the company background and some of the challenges Insurance industry faces to fully embrace a shift to digital:
"A lot of insurance is still transacted manually, or if it is digital, it's using old software that's poor and clunky. The industry has lagged because building your own insurtech solution is a nightmare. There's complex data sets, assessment processes, renewals, referrals, reviews, reinsurance, claims, accounting, compliance and so on. Then try to add the best user experience, innovation and distribution channels. It's just too much.
That's why we created uBind.
uBind makes building top tier digital insurance solutions fast and allows you to "switch on" a range of channels for distribution, including embedding insurance in websites and apps, broker networks, affinity schemes, and a product marketplace. It empowers everyone across the chain to self-serve and automates everything. With uBind, innovative insurtech solutions can now be launched at low cost and in record time."