A first for Austria: conclude insurance policies fully digital via video consultation
Since the end of May 2019, Vorarlberger Landes-Versicherung (VLV) is the first Austrian insurer to offer its customers paperless and fully digital insurance policies via video consultation. The launch product was a capital-forming life insurance policy.
Video consultation by internet browser
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How it works
Director Robert SturnVorarlberger Landes-Versicherung V.a.G.
As a regional insurer, VLV wants to continue playing its successful role in the concert of major insurers. We are convinced that we will succeed in doing so, first and foremost, because our customers place a high degree of trust in us. At the same time, we are already focusing on tomorrow’s technology, today. I am certain that digitalisation will find its way into insurance consultation, in many different forms, very soon. Customers will be taking the new possibilities for granted.
I am delighted that we have taken this significant innovation step with Anivo. Anivo is one of the few providers with the necessary know-how and experience to handle such a demanding project professionally, legally compliant and with the necessary high standard of quality within a very tight timeframe.
Implementation of the solution by Anivo 360 AG
The entire end-2-end solution was developed by Anivo 360 AG. Part of the solution is the design of the consulting process. This was designed in coordination with product management, sales, compliance and IT of the VLV to be “suitable for video consultation” and legally compliant (VAG, IDD, PRIIPS, DSGVO).
Insurtech Anivo 360 AG, founded in Zurich in 2015, has been successfully using the video advisory approach in Switzerland since March 2018 in the bancassurance sector in cooperation with Basellandschaftliche Kantonalbank (BLKB), Baloise Insurance and AXA ARAG. According to Anivo 360 AG, the conclusion rate is remarkable and exceeds 60%. Within just one year, two thousand customers have taken out a policy as part of the loan advisory conversations at one of BLKB’s bank branches. Up to six insurance consultants are available every day to run the operation at the Anivo Service Center in Zurich.
Why choose Anivo as innovation partner?
VLV didn’t only choose Anivo as its innovation partner because of the very good results in Switzerland. According to VLV Director Robert Sturn, the combination of insurance know-how and technological know-how, both provided by Anivo, was also decisive for their selection.
About Vorarlberger Landes-Versicherung V.a.G.
About Anivo 360 AG
Werner FlatzCo-founder & CTO at Anivo 360 AG
Many mid-sized insurers are facing the challenge that time resources for innovation projects are limited, especially in IT, but also in management areas. At the same time, they face pressure to take action and have to defend their position against aggressive start-ups. They are forced to innovate but are in a dilemma where ongoing operations are tying up limited IT resources.
At Anivo, we close this gap with our expertise. Using the latest technologies, we realise innovation projects for traditional mid-sized insurance companies and give them access to new distribution channels and ecosystems, such as housing, health or telecommunications. We do not see ourselves as a disruptor for the insurance industry, but as an enabler.