[Inside] DFParis2019 = Technology + Financial Services
On October 10th 2019 at Station F, Netguru and astorya.vc teamed up together to organize Disruption Forum Paris. Gathering several fast growing FinTech / InsurTech startups, alongside with bank / insurance corporates, discussions focused on how to leverage technology in Financial Services. Below are insights on what was shared among the 4 panels.
Panel #1: Scaling Strategies & Founders’ Mind
Line-up: Caroline from Anaxago, Alexandre from Qonto, Stephane from Kamet, Rodolphe from Spendesk
- “I think that when you have a good business, good market and a good vision, it is always possible to raise good funds”
- “As a board member now, I am serving as a guide making sure the founders aren’t making the same mistakes I made years ago when I was starting out.”
- “If you are an entrepreneur, you never say no to people. You say ok, and then you try to find a way”
- “When deciding to hire someone, if there is a doubt, there’s no doubt”
Panel #2: Innovation & Venture Building
Line-up: Virginie from Platform58, Paulina from Euler Hermes, Jonathan from Open CNP
- “People need to be involved, need to be part of the innovation. Look at Netguru, where culture is one of the biggest assets”
- “One of the things I’ve learnt over the years of connecting corporations with startups: you need to be very selective when it comes to partnerships that you try to set up”
Panel #3: Machine Learning Disrupting Insurance
Line-up: Paola from AXA Climate, Damien from Zelros, Sebastien from Shift Technology, Patrick from Getsafe
- “What we bring to the table are not only algorithms but also domain knowledge”
- “Don’t do AI just for the sake of doing AI. Focus on solving the problem. Remember that machine learning, AI or statistical algorithms, whatever you call it, it is just a tool”
- “There’s a clear shortage of AI skills in the market”
- “One of the big risks about educating the industry about what AI can do for the industry, is that there is so many b***it on the market about AI”
Panel #4: Cracking Insurance Distribution
Line-up: Macha from Arkea, Olivier from La Parisienne, Louis from Hokodo, Eric from +Simple
- “Unless you don’t think about it at all, since insurance is embedded”
- “We’re moving from the economy of having to the economy of usage. The challenge is not to buy insurance anymore”
- “In the near futur we won’t be buying insurance, the insurance will be embedded in the product”
- “At the end of the day it’s all about people and collaboration”
Want more? Here is the entire thread on social networks.
Netguru is a Polish software development and software consultancy company. It provides software design and product design, both for early-stage startups and corporations.
astorya.vc is the 1st pure InsurTech investor in Europe — co-founded by Florian Graillot and Jan Kastory — focusing on seed startups leveraging technology to revamp the insurance industry.
