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October 23, 2018

Raiz Invest partners Swiss Re to develop personalised insurance products

Raiz Invest has partnered with Swiss Re Life & Health Australia to jointly research and develop bespoke superannuation insurance products.

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The partners will leverage predictive modelling technology, powered by machine learning developed by Swiss Re for research and development process which will also focus on co-developing of a predictive underwriting model for offering a simpler underwriting experience to customers.

Initially, the personalised superannuation insurance plan will cover Raiz Invest Super product.

Using predictive modelling, Raiz Invest Super will provide a customised life insurance plan for each customer even with the least information of the customer.

Swiss Re will act as the reinsurer for the group life insurance policy offered inside Raiz Invest Super. Both the companies have agreed for an exclusive partnership for a period of five-year.

Raiz managing director George Lucas said: “A superannuation insurance solution based on predictive modelling will reduce the amount of information that needs to be provided by our customers to determine the appropriate premium for a given level of cover.

“Our goal is to provide a tailored solution to customers in superannuation in an innovative and efficient way instead of taking the one-size-fits-all approach of many group policies inside superannuation.”

Lucas further said that the product will be a first in Australia and buying superannuation insurance product solutions through the Raiz App will be as simple as answering a few easy questions.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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