CEO and co-founder of Zensurance, Danish Yusuf, believes that commercial insurance is lagging behind other lines in terms of embracing technology and is building a pricing engine through which SMEs can apply for products, in an attempt to modernise the sector. “Insurance companies are still very much focused on their own business models rather than helping customers with new technologies,” he says.
CEO and co-founder of Zensurance, Danish Yusuf, believes that commercial insurance is lagging behind other lines in terms of embracing technology and is building a pricing engine through which SMEs can apply for products, in an attempt to modernise the sector. At the core of Zensurance’s engine is a database system with an inbuilt logic that asks the user a set of dynamic questions that change depending on factors such as the type of industry and the size of the business.