Health Insurance Innovation: European Startups Shaping The Industry

Health Insurance Innovation: European Startups Shaping The Industry – The EIT Jumpstarter is on track to support impactful innovation in Central Eastern and Southern Europe. In this year’s competition, over 100 entrepreneurs went to Krakow and it’s time to get ready for next year!

We are in an era of impact innovation – and startups are driving the project. From food and healthcare to energy, raw materials and manufacturing – and everything in between – we’re seeing innovative start-ups bring new technological solutions that are shaping a more sustainable future for Europe.

Health Insurance Innovation: European Startups Shaping The Industry


Health Insurance Innovation: European Startups Shaping The Industry

Organized by EIT Food and the wider EIT community, EIT Jumpstarter is a program with the aim of giving disruptive thinkers from Central, Eastern and Southern Europe a jump-start – propelling them to global success. Not only can you grab money, but also opportunities to learn and network.

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EIT Jumpstarter is committed to creating sustainable impact by fostering innovation and entrepreneurship. This is a selective, competitive program, especially for early-stage startups – those that haven’t received funding yet, and may still be in the conceptual stage.

Participation in the EIT Jumpstarter opens doors towards European markets and connects the best teams with the six major industrial partners of the EIT community. These companies include GE Healthcare, Siemens, Philips, Roche, Bosch, Nestlé, Pepsico and Maspex.

Thanks to best-in-class experts, a creative community and unique knowledge, the program turns idea owners into disruptive entrepreneurs. It helps entrepreneurs build a viable business model, validate it, and ultimately go to market.

One of the goals is to direct innovative ideas to the growing demand for solutions in the agriculture, agribusiness and food industries. This comes with support from EIT Food –  the world’s largest and most dynamic food innovation community accelerating innovation to build a future-proof food system that produces healthy and sustainable food for all, supported by the European Union.

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The Grand Final of the 2022 edition brought together teams from 7 key areas:   healthcare, agri-food, ingredients, energy, urban mobility, manufacturing and sustainable living. They all had the chance to pitch their ideas at the live event before a panel of judges chose their winners.

The food sector is at a critical moment. From changing diets to supply chain issues, and that’s before we even mention the impact of climate change on food production and farming, this is an industry under enormous pressure to become more sustainable and sustainable.

Fortunately, there are those who are coming up with new ideas and if they have the opportunity to share their vision and embark on a project, they will shape the positive future of the food industry. In 2022, the results of the EIT Jumpstarter; Ribes Technologies, Digital Bites, Langes Gemüseglück, CIRCAL, LiFi4Food and Onco Diets.

Health Insurance Innovation: European Startups Shaping The Industry

EIT Jumpstarter is a special program. It gives the innovative thinkers of our generation the opportunity to expand their business ambitions and supports those who have the opportunity to leave a lasting, positive impact on society at large.

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Whether you take the money home or not, it also provides an opportunity to immerse yourself in the wider EIT community, gaining key contacts and knowledge. Sounds like it might be of interest to you? Find out and pre-register today!

EIT Food is the world’s largest and most powerful food innovation community, accelerating innovation to build a future-proof food system that produces healthy and sustainable food for all. EIT Food, which is supported by the European Institute of Innovation and Technology (EIT), an institution of the European Union, invests in projects, organizations and individuals that share their goals of a healthy and sustainable food system. EIT Food unlocks innovation potential in companies and universities and creates and scales agricultural start-ups to bring new technologies and products to market. The EIT Food team also equips entrepreneurs with the skills needed to transform the food system and put consumers at the heart of our work, helping to build trust by reconnecting them to the source of their food.

Editor’s Note: This post has been created in collaboration with EIT Jumpstarter as a media partner. If you are also interested in cooperation with us, just get in touch.

Thomas Ohr is the “Editor” of the blog and started the blog in October 2010. He is excited about the future of Europe, passionate about new business ideas and lives in Barcelona (Spain).

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Don’t miss the panel discussions on EU policies, initiatives and funding opportunities for start-ups at this year’s summit!

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The insurance industry is under pressure as consumers shift their spending to take advantage of new technological frontiers. Meanwhile, InsurTech startups are making it easier than ever for customers to find and buy insurance products online.

Health Insurance Innovation: European Startups Shaping The Industry

We are seeing rapid adoption of remote signing and servicing technologies, digital collaboration tools and new, innovative digital products.

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As digital becomes the new normal, what lies ahead and what should insurance leaders prepare for? Here are 16 digital transformation trends that will shape the insurance industry in the coming years:

In the past, insurance companies created IT as a way to reduce costs. Now it’s all about how technology can help businesses drive growth and improve customer engagement.

One of the most prominent trends in standardizing low-code/no-code development in enterprise IT. While in the SMB segment, no-code tools became the new norm, companies largely continued to rely on traditional development projects powered by internal resources or external integrations.

However, this is now changing as vendors begin to offer mature, enterprise-grade, no-code tools with a focus on security and compliance. So enterprises can now offload some of the development burden to enterprise users while maintaining management and control.

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Such tools owe their growing popularity to the fact that they solve some of the burning problems facing IT teams. Codeless tools leverage overstretched internal resources, reduce backlog and improve productivity.

The most important quality that makes no-code tools extremely attractive is faster time-to-market for new digital applications and products compared to traditional development projects. With no-code tools, insurers can now deliver better apps at a faster pace, improving customer experience and increasing overall service quality.

An Application Programming Interface (API) is a set of rules that govern how one piece of software communicates with another. In recent years, there has been a proliferation of APIs as companies seek to open up their data and functionality to third-party developers.

Health Insurance Innovation: European Startups Shaping The Industry

In the insurance industry, APIs are being used to enable the development of new digital products and services. For example, some insurers use APIs to provide real-time quotes to customers, while others use them to power chatbots and other digital service tools.

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APIs (Application Programming Interfaces) will continue to grow in popularity and use as the need for digital integration grows. Many traditional companies are now looking to open up their data and systems to third-party developers to create new digital experiences and business models.

This trend is driven by the need for agility and faster time to market as well as the desire to tap into new revenue streams. In the insurance industry, we’re seeing a growing number of insurers launch APIs to enable third-party developers to build new apps and services on top of their core systems.

Going forward, we expect to see more insurers making use of APIs as they look to capitalize on the growing demand for insurance products delivered through digital channels.

It might sound a bit scary, but “headless technology” is pretty harmless and has been with us for quite some time.

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The most well-known example of headless technology can be found in website design. Traditional websites have a back-end and a front-end as well as a graphical user interface.

In a way, headless technology is an additional strategy that goes hand-in-hand with codeless tools for developing customer-facing front ends. Insurers can now separate their front-end presentation layer from their back-end data functionality to create a personalized digital experience.

In insurance, this is especially important, as backends are riddled with legacy technology issues that are largely incompatible with the modern frontend experience customers expect.

Health Insurance Innovation: European Startups Shaping The Industry

Separating front-end and back-end customer-facing processes while ensuring that data flows freely between the two is another trend that we will see become stronger in the near future. Our prediction is that we will see more insurance products and programs that adopt the same principle.

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According to Mordor Intelligence, the hybrid cloud market is expected to reach USD 128.01 billion by 2025, at a CAGR of 18.73% during the forecast period 2020 – 2025.

Organizations are increasingly adopting the hybrid cloud as they aim to leverage the benefits of both cloud and public clouds.

Hybrid cloud architecture improves both speed and flexibility by allowing organizations to move back and forth between their own tools and the toolsets of cloud providers.

As digital channels continue to proliferate,

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