Germany-based reinsurance major Hannover Re has rolled out hr | equarium, an online platform that seeks to connect insurtechs and insurers across the globe.

The online platform gives access to numerous solutions covering the entire value chain, pushing the insurance industry forward by making it easier to find and implement new technology.

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Hannover Re executive board member Claude Chèvre said: “We bridge the gap between insurtechs and insurers, because currently the industry has a matching problem.

“It’s difficult for insurers to uncover and select the right solutions. We not only make it simpler to identify the technologies that will add the most value to an insurer’s business, but we and the platform community can rate these solutions and quantify their impact, so clients can be confident in approaching them.”

Insurtech to help insurers operate in challenging environment

The insurers are facing challenging operating environment due to digital disruption, shifting demographics and evolving buyer preferences.

With hr | equarium, Hannover Re provides easy access to product and distribution innovations, which will enable insurers to stay ahead of their competition and fulfil their consumers’ needs.

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“On the other side, new technology providers can struggle to get their foot in the door with insurance firms, or to position their solutions in a way that really resonates,” Chèvre added.

“We help our select community of insurtech partners to refine their value propositions, and we offer the strength of our global footprint and trusted reputation in the market.”

Hannover Re said the new innovation pool will allow insurtechs to market their technology solutions exclusively to its network of insurance clients across the globe.