The session concluded BEWICA ANORAK with short presentations Bewica is a cyber-security platform David Vanek, the CEO of Anorak, from four insurtechs focusing on the small and medium discussed how his company is business sector in Europe. The bringing a fresh approach to life that are coming to company’s CEO, Eva Berg-Winters, insurance in the UK, a market that said that there are 10,000 cyber-attacks has been slow to innovate. Around 70 market with potentially on small businesses in the UK alone percent of products are sold through each day, leading to £4.5 billion a year intermediaries and processes are disruptive business lost to cyber-crime. Some 80 percent of still heavily manual. With nine million models and technology. successful attacks could be prevented families uninsured and 50 percent of with simple measures, yet small mortgages unprotected, there is businesses lack the in-house security a significant opportunity to expand 11 12 skills to implement and maintain these. this market. Bewica has developed a suite of solutions Anorak’s aim is to make life insurance for insurers to help their SME clients be more scalable and accessible through more cyber secure including a portal for a B2B2C strategy. It has built an advice brokers to assess and support their clients, engine and APIs that enable distribution automated risk assessments and a risk of life insurance products at scale across portal which can be aligned with cyber digital platforms. It is rapidly expanding insurance products. its access to the market through distribution partnerships with the likes of Starling Bank, Nutmeg and ClearScore. AN INNOVATION AGENDA FOR THE COVID-19 ERA 22