Transforming Insurance with Aurora's Algorithmic Trading Innovation (TIAATI)

公司：Niander Aurora Limited(Aurora)：Aurora已经开发了一个初始的数字平台，并拥有一支经验丰富的团队，拥有广泛的行业经验，得到英国/全球顶级保险提供商顾问委员会的支持。Aurora是一个全面的数字平台，旨在增强商业保险的购买和管理方式。我们直接或通过选定的经纪合作伙伴与客户合作，面向微型、中小型企业。通过Aurora，客户可以获得个性化的实时报价，比较保险提供商，并以独特的定制方式转移和缓解风险。同时受益于分析和数据驱动的教育和建议。问题/需求：保险业和中小企业已与Aurora接洽，以解决持续的未得到满足/未解决的市场需求。传统上，保险公司销售现成的套餐产品，其中包括客户可能不需要的保险，以及他们确实需要的缺失保险。这可能是因为一些保险公司只提供特定细分市场内的保险类型或保险，或者可能是按保险提供的最便宜保险报价的合并。此外，保险公司也承认，这些保单已经逐渐演变，导致非常大、难以阅读/不一致的文档具有相互冲突的措辞和保单限制。解决方案：开发Aurora的算法交易(AT-Aurora)-一种创新的数字交易产品，通过在15分钟内在线提供独特定制的个性化保险包(而不是行业标准的4/5周)，每个保险单独定价，并实时合并为适当的、单一的、连贯的(可理解的)保险包。项目资金将设计、开发和交付由三个模块组成的MVP：共同保险机制、可计算的合同主张和算法交易/承保，每个模块都可与Aurora的现有平台互操作。

Company: Niander Aurora Limited (Aurora): Aurora have developed an initial digital and have a highly experienced team with extensive industry experience, supported by UK/global advisory board of top insurance providers.Aurora is a holistic, digital platform seeking to augment how commercial insurance is purchased and managed. Working with customers on a direct basis or via selected broking partners, we cater to micro, small and medium businesses.With Aurora, customers can get personalised, real-time quotations, compare insurance providers and transfer and mitigate risk in a uniquely tailor-made way. All while benefiting from analytics and data driven education and advice.Issue/demand: Aurora have been approached by the insurance industry and SMEs to resolve a continuing unmet/unresolved market need. Traditionally insurers sell off-the-shelf package products with coverages that a customer may not need, as well as coverages missing that they do need. This may be due to some insurers only offering types of covers or insurance within specific segments or may be an amalgamation of the cheapest insurance quote by cover. Also, it is acknowledged by insurers that these policies have evolved incrementally, resulting in very large, hard to read/inconsistent documents with conflicting wording and policy limits.Solution: To develop Aurora's Algorithmic Trading (AT-AURORA) - an innovative digital trading product to meet market need by delivering uniquely tailor personalised packages of insurance cover online in 15mins (instead of industry standard of 4/5 weeks) with each cover priced individually and amalgamated in real-time into an appropriate, single, coherent (understandable) insurance package. Project funding will be to design, develop and deliver an MVP consisting of three modules: a co-insurance mechanism, computable contracts proposition, and algorithmic trading/underwriting, each interoperable with Aurora's existing platform.