When I started the company, I didn’t pretend to have the answers to all the questions. It was a new business model around new technologies and it was a green field – so no corporate infrastructure and services I was used to. I focused on hiring people who had a lot of experience in their specific area. So it’s not only about agile product development, it’s also about agile business model development. We gathered a lot of evidence. I recommend not pretending to know it all, but instead working based on assumptions in short iterations and testing those quickly to bring in experience from other fields, and from other people.
Introduction
HDI TH!NX was founded in 2019 by Verena Brenner, initially operating within the German insurer HDI Global, as an incubator for IIoT solutions.
Now providing software to support risk management applications for insurers and insurance clients, tune in to hear Verena discuss the mechanics behind founding a startup within an insurer and the company’s development in providing varying solutions for their customers.
Key Talking Points
- Why HDI TH!NX was launched – from a PhD in global supply chains to utilising the impact of IIoT solutions
- The centrality of the customer
- Advice for launching a startup – innovation is not a hobby
- Growing into the ESG space – evolution in the company’s direction
- Helping insurers understand their risk better
If you like what you’re hearing, please leave us a review on whichever platform you use or contact Dr Verena Brenner or Matthew Grant on LinkedIn.
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This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII). By listening, you can claim up to 0.5 hours towards your CPD scheme.
By the end of this podcast, you should be able to meet the following Learning Objectives:
- Specify what is required to successfully develop a business model intended to help insurers
- Define what an IIoT is and how it can help risk managers and insurers in understanding their risk better
- Identify sectors where IIoT and sensors are valuable in collecting the right data
Let us know you have listened to this podcast by emailing [email protected] and if your organisation is a member of InsTech you will receive a quarterly summary of the CPD hours you have earned.
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