Intelligent risk prevention is reshaping insurance – Onics joins Insurtech UK to advance the cause

Insurers today face increasing pressure to reduce claims costs, improve customer experience, and adapt to a rapidly changing risk landscape.

With these market changes, the industry is shifting from reactive claims handling to proactive risk prevention.

That is where technology has a crucial role to play – and why collaboration in the insurance industry is more important than ever.

To support this shift, Onics has joined Insurtech UK – the UK’s only trade association exclusively dedicated to insurtech companies.

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Advancing technology innovation of insurance

As part of this large network of insurance actors, we aim to inspire P&C insurers and other relevant partners to proactively manage risk and prevent damages with intelligent technology.

Proactively preventing damages instead of reactively handling damage claims not only enables insurers to save costs on expensive claims – like water and fire damage – but also to improve customer experience and stand out in the insurance market.

Insurtech UK’s mission to transform the insurance industry through technology aligns well with Onics’ ambitions and insurtech offerings as a technology provider enabling insurers to offer end-to-end IoT-based insurtech solutions.

Learn more about Insurtech UK here and our other partnerships here.