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Friday, June 9, 2023
HomeFeaturedEp. 59 Reimagining Insurance through Amazing Innovation - Erik Skaar - Founder...

Ep. 59 Reimagining Insurance through Amazing Innovation – Erik Skaar – Founder & CEO at Tillit

Think Insurance is a boring analogue paper heavy business with a static business model and predictably poor customer service? Until recently, so did we, but as it turns out insuretech is gushing with innovation in all areas or the insurance value chain.

In our recent trip to the Norwegian Capital of Oslo we had a surprising encounter with Erik Skaar, CEO and Co-Founder at Tillit. And we say it was surprising because we were stopped cold on our tracks by the astonishing level of innovation Tillit is wielding. Think entirely automated claims processes through software used on drones for crack detection on bridges, repurposed to identify cracks on phone screens. Or advanced math models used to defer risk across all policy holders and offer dynamic pricing that fluctuates on a monthly basis according to how much risk the company is able to spread. Need we say more? Erik and his cofounder having worked in insurance prior to becoming entrepreneurs, witnessed first hand  the many inefficiencies in the industry and how poorly customers were generally treated. They set out to change this with smart technology and unconventional thinking.  This is one of our favourite interviews and we think it’ll be one of yours too. 

Chris Crespo
Chris Crespohttp://nordicfintechmagazine.com
Chris is a Co-founder and Chief Editor at Nordic Fintech Magazine, where he simplifies complex financial concepts through jargon-free content, making it easy for anyone to understand. With extensive experience in financial services, including working with some of Europe's largest banks, he brings a wealth of knowledge and insight into the industry. As the former Chief Futurist of the largest bank in the Nordics, Chris has a deep understanding of the Future of Financial Services, the Future of Money, Disruption, and Ethical AI in Finance. He is also a guest lecturer at Stanford University, where he shares his expertise on these topics. As a Behavioural Economist, Chris is passionate about exploring the connections between human behaviour and decision-making under risk, as well as uncovering and communicating the links between psychology, leadership, and technology in financial services.
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