Tryg A/s · OMXCOP:TRYG
Tryg A/s — Danske Bank InsurTech Seminar (April 2017)
9 slides from Tryg A/s's conference presentation, Apr 20, 2017
Slide 1: Innovation in Tryg
INNOVATION IN TRYG Lars Bonde, COO 20 April 2017 Danske Bank – How will Insurtech change the insurance business?
Slide 2: Tryg at a glance
Tryg at a glance - It is all about creating peace of mind Who are we? • Approx. 3,300 employees and more than 3m customers • DKK 17.7bn in revenue in 2016 • DKK 2.6bn technical result in 2016 Norway Market position: #3 • Listed on NASDAQ Copenhagen since 2005 Market share: 13.3% CR for Q1 17: 90.8%
Slide 3: Targets 2017
Targets 2017 Earnings ROE ≥ 21% Combined ratio ≤ 87% Expense ratio ≤ 14% Efficiency programme DKK 750m Customers NPS +100% Retention +1 pp ≥3 products +5 pp 3 20 April 2017
Slide 4: Future Tryg – larger or smaller?
Future Tryg – larger or smaller? By 2020, At least 800,000 In 2015, global jobs on the Danish job Data is the #1 investment in 3 in 4 insurance policies will have market will be trend influencing Insurtech more automatised over financial services online touchpoints than trippled from the next 20 yea
Slide 5: Setting the course in a changing world
Setting the course in a changing world Continously improving efficiency and Increasing focus on development 1 2 simplifying our business Outsourcing Exploit Develop ‘Blue current strengths potential Ocean’ Robotics Automation New ‘traditional’ New services and New products distribution revenue strea
Slide 6: Potential for further efficiency still remains
Potential for further efficiency still remains Distribution power Claims handling Efficiency through insights DKK 2.0bn DKK 1.4bn of total cost of total cost First automated claim processed … And more to come! 6 20 April 2017
Slide 7: It is all about adaptability
It is all about adaptability Optimising and designing new solutions Innovating our product portfolio Investing in the good ideas 7 20 April 2017
Slide 8: What and why? Examples of partnerships
WHAT AND WHY? EXAMPLES OF PARTNERSHIPS • A co-working space set up with Rainmaking in the middle of Tryg HQ Transportation platform • Opened October 2016 • Early and later stage startups • 28 companies onboard Connected Home/ Internet of Things • Partnerships and collaborations with Tryg Blockchain/
Slide 9: Steps in the right direction
Steps in the right direction - we are well on our way! Exploring further … setting up a new, lean business focused innovation setup … … and striking the right balance potential for efficiency… Distribution power Digitalisation of Tryg RISK Claims handling Efficiency through insights 9 20 April 2017