CONTEMPORARY INSURANCE REQUIRES A LARGE AND

COMPLEX NETWORK OF PEOPLE AND

TECHNOLOGIES TO WORK TOGETHER

EFFECTIVELY .

Why did you choose to partner with FinChoice ?

FinChoice and its sister company , HomeChoice , are both highly innovative companies that take digital innovation seriously . These are the types of companies we love working with because they ’ re always wanting to raise the bar in the digital experiences and products they offer their customers . FinChoice ’ s digital Personal Accident Plan is an example of this and there will no doubt be more to follow .

Can you tell us more about your new Personal Accident Plan ?

It ’ s FinChoice ’ s accident plan ; our role was simply to make it possible for them to get all the different bits of the insurance product together . I say ‘ just ’ but it ’ s definitely not as simple as it seems .

There are lots of moving parts and that ’ s where our operating system comes into play , essentially absorbing a lot of that complexity to make it as easy as possible for FinChoice to launch the product .

The Personal Accident Plan is underwritten by Guardrisk and offers a lump sum of up to R50,000 for accidental death and permanent disability , plus an additional R2,000 which can be used for airtime , travel or groceries .

How has Root ’ s technology enabled FinChoice to launch this product quickly and efficiently ?

The Root platform automates and takes care of many of the critical aspects of insurance , like compliance , reporting , billing , communication , etc ., which enabled FinChoice and its underwriter to focus their attention on designing and delivering the product and experience they were looking for for its customers .

Contemporary insurance requires a large and complex network of people and technologies

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