16 Oct 2017
Insurtech announcements last week could affect auto body claims in the future
Recent developments in the “insurtech” fields of telematics and AI photo estimating might down the road shake up the claims process for your shop and your customers. The biggest news involves the partial merger of two major telematics players, Octo Telematics and Willis Tower Watson.
16 Oct 2017
InsurTech start-ups remain attracted to P&C: Report
Research from Celent, a research and advisory company with a focus on technology and Guy Carpenter, a reinsurance brokerage, reveals that a third of InsurTech accelerators by line of business members are property & casualty (P&C) focused.
16 Oct 2017
Insurtech: can peer-to-peer insurance really work?
Insurtech company Guevara closed down last month, casting doubt over the future of the peer-to-peer insurance model. According to Guevara, the company failed to establish a fully capitalised underwriting vehicle.
16 Oct 2017
Tencent Will Sell You Insurance — in Its Apps
Competition in China’s fast-growing online insurance industry is intensifying, as tech giant Tencent Holdings Ltd. recently secured a new license to sell insurance products on its popular messaging apps WeChat and QQ.
13 Oct 2017
Hong Kong FinTech Week – The Perfect Stage for Global FinTech Business
Key themes this year include Hong Kong’s core strengths as a hub for raising funds, its active application of blockchain and artificial intelligence (AI), the vibrant incubator and accelerator programs. RegTech, InsurTech and wealth management technology will also be featured strongly, along with cybersecurity.
13 Oct 2017
Rebuilding Insurance for the 21st Century
Think: a San Francisco-based company that’s “rebuilding insurance for the 21st Century” . Also, Goodcover is an insurance company that returns unclaimed premiums to customers, keeping just a flat fee.
13 Oct 2017
Distribution: About To Get Personal
The buying of insurance is going to change. The “sold, not bought” view of insurance distribution has run its course for many lines of business. Customer expectations have changed, and the inside-out approach to building silo-ed, exclusion-filled, fixed-term products just doesn’t cut it anymore.
13 Oct 2017
Give Data Back: sharing to better protect you and your home
AXA now makes its loss data statistics publicly available on the “Give Data Back” platform, so that everyone can gauge the threats of water damage or theft and learn how to reduce them.
13 Oct 2017
Pega Adds Facial Recognition to KYC and Client Lifecycle Management
The new capability, powered by technology from Electronic IDentification, enables insurers and financial institutions to legally and securely verify the identity of new customers in just minutes.
13 Oct 2017
Insurtech CoverWallet Secures $18.5 Million to Expand Small Business Insurance Platform
Digital business insurance agency CoverWallet said it has closed a $18.5 million Series B funding round led by Foundation Capital with participation from existing investors Union Square Ventures, Index Ventures, CV Starr and Two Sigma Ventures.
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12 Oct 2017
ACD Launches AI & Machine Learning Division
Carlsbad based AutoClaims Direct, (ACD), a leading auto claims technology provider to the property and casualty industry today announced the launch of acdcorp.ai, a labs division within the company focused on rapid development and deployment of machine learning & computer vision for the auto claims industry.
12 Oct 2017
New tech & big data: are they good for insurance?
New technology and data sets are profoundly affecting the insurance industry, by allowing insurers to better assess the risks they are exposed to and interact with their consumers in new ways. They are also drawing new entrants into the market, with ‘Insurtech’ startups entering the field, as well as established technology companies.
12 Oct 2017
Product innovation extending the reach of commercial insurance: Swiss Re sigma study
Product development and innovation around data and data analytics has expanded the scope of insurance solutions to a wider range of threats and perils, and made risk transfer more efficient, Swiss Re said in its latest sigma study.
12 Oct 2017
InsurTech Startup Root Insurance Expanding its Revolutionary Platform Across the United States
Root Insurance, the nation’s first car insurance company powered entirely by mobile, has expanded its services to drivers in Illinois, Utah, Oklahoma and Indiana. In contrast to rising car insurance costs nationwide, drivers in these four states can now save up to 52 percent by using Root’s data-driven approach.
12 Oct 2017
SecurityScorecard Secures $27.5 Million in Series C Round Led by NGP
SecurityScorecard, the leader in security ratings, announced today it has raised $27.5 million in Series C funding. The financing round was led by Nokia Growth Partners (NGP) with participation from Moody's Corporation, AXA Strategic Ventures, and Intel Capital. Existing investors Sequoia Capital, Google Ventures (GV), Boldstart Ventures, Two Sigma Ventures

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