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Hannover Re opens up its insurtech innovation platform

Hannover Re opens up its insurtech innovation platform | Insurance Business UK

Hannover Re opens up its insurtech innovation platform

Insurtech innovation platform hr | equarium, which Hannover Re rolled out in 2019, is now being made openly accessible as part of its expansion.

“Like a dating service for singles, hr | equarium acts as a go-between for insurers and insurtechs and has established itself in this role as the leading innovation platform,” said Hannover Re executive board member Claude Chèvre. “As an international reinsurer, we see ourselves as an innovation catalyst, a partnership-based driving force for innovation.

“With hr | equarium, we have been delivering real added value to the industry since 2019. I am delighted that we are now initiating the next phase of expansion by making the platform openly accessible. Going forward we will continue to evolve it and adjust it to the needs of insurtechs and insurers.”

At present, the global platform allows insurtechs to offer over 160 solutions in areas including cyber, telematics, and parametric cover. According to Hannover Re, hr | equarium has so far been used by more than 700 of its clients.

Effective immediately, the platform will be opened up to all interested parties, providing more insurers direct access to innovative insurtech solutions and services while enabling insurtechs to reach partners worldwide.