The project, funded by the Federal Ministry for Economic Affairs and Energy, InsurTech Hub Munich and the Labs Network 4.0 have entered into a strategic partnership. The goal of the collaboration is to develop new potential innovations, technologies, and business models at the interface between the insurance industry and Industry 4.0 in order to accelerate the digitalization of the insurance industry.
Thomas Hahn, Chairman of Labs Network 4.0 eV, says the partnership with the InsurTech Hub Munich enables collaboration with a diverse insurance network. Together with the InsurTech Hub Munich and stakeholders from the insurance industry, they will research new technologies and validate business ideas.
“Developing new solutions to meet the insurance needs of tomorrow”
Johannes Wagner, Board Member at InsurTech Hub Munich says:
"Industry 4.0 has different insurance needs than its predecessors. Therefore, it's only logical that we are now working with the Labs Network Industry 4.0 to develop new solutions to meet the insurance requirements of tomorrow. Labs Network Industry 4.0 offers the perfect platform for dialogue, expertise, and experimentation for German companies to develop new ideas in the context of industrial insurance. We very much look forward to working together to learn from each other and to seriously advance the digitalization of the insurance industry."
