20 Jul 2017
Claims management increasingly in focus as InsurTech funding volume climbs to $985 million in Q2 2017 amidst record number of transactions
The second Quarterly InsurTech Briefing from Willis Towers Watson, the leading global advisory, broking and solutions company, (NASDAQ:WLTW), examines how incumbents and new entrants in the insurance sector are developing and adapting technology driven applications focused on streamlining the insurance claims management process and considers the future implications of this trend.
20 Jul 2017
GIG ECONOMY Zego Raises Over £1M In Funding To Provide Insurance Platform For Gig-Economy Drivers
Startup Zego has raised just over £1 million in seed funding from investors, including LocalGlobe, with FTSE 100 company Aviva, for an “insurtech” product for gig economy delivery drivers. According to Tech Crunch, while companies like Uber and Deliveroo are getting bigger, the issue of insuring all of their drivers , or the workers finding insurance for themselves, has become a pressing issue.
20 Jul 2017
Starr Companies partners with CoverWallet
Starr Companies, led by former AIG chairman and CEO Maurice R. Greenberg, has announced a partnership with insurtech company CoverWallet to create new insurance products optimized for the online channel.
20 Jul 2017
Plug and Play Insurtech Signs Its 50th Partner
Plug and Play Insurtech continues expansion of its innovation startup platform, signing its 50th participant only a year after opening its doors for business. Arch Insurance Group Inc., based in New Jersey, signs as its 50th participant shortly after it's 45th partner joined the program in May.
19 Jul 2017
Who’s hiring insurance tech execs?
Insurance companies have been busy in 2017 hiring tech executives for efforts aimed at better serving customers and agents and improving core products. Candidates for the role of Chiedf Data Officer, Chief Analytics Officer and Chief Digital Officer continue to be in high demand as insurers look to revamp underwriting and distribution.
19 Jul 2017
Podcast: Reaching The Underserved - The Microensure Story
Technology has a major role to play in opening up access to financial services to the underserved across the globe. With the emergence of InsurTech, more will undoubtedly be given the opportunity to protect themselves against risk. We caught up with one pioneer bringing insurance products to the underserved in emerging markets, Richard Leftley, whose Microensure now boasts close to 55 million customers.
19 Jul 2017
Farmers Introduces On-Demand Towing Technology in State #35
Farmers Insurance has recently introduced a new roadside assistance experience for its customers. The tool, a white label solution of towing app HONK – uses tech to identify and dispatch the closest service vehicle instantly, provide real-time notifications, and even a live progress map
19 Jul 2017
Allianz Forms Online Aircraft Insurance Partnership with Insurtech Firm Visicover
Allianz Global Corporate & Specialty (AGCS) announced it has formed a partnership agreement with insurtech company, Visicover. Visicover’s existing and new aeroplane and helicopter insurance products now will be underwritten by AGCS, which also will provide claims management services.
18 Jul 2017
Applying blockchain technology could slash US$40 billion in costs for financial services: BIS Research
Implementing blockchain technology could produce hefty cost savings in the billions of dollars annually for the financial services market, suggests a new report released Friday by Minnesota-based BIS Research.
18 Jul 2017
Core Systems and Insurtech (Part 1)
For my next three articles, I would like to shed light on what it means to be a digital insurer. I would also like to provide insurers a platform for thought, because, if we can properly conceptualize becoming a digital insurer, we will find it much easier to prioritize our efforts and know which ones are clearly supporting our end goal.
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18 Jul 2017
Insurtech scholarship open for applications
Insurance Technologies Corporation (ITC) has announced that the second annual InsurTech Scholarship is now open for applications, according to a news release. ICT will award one $1,000 scholarship during the 2017-2018 school year to a college student who plans to work in the insurance agency upon graduation.
18 Jul 2017
Baloise Invests in Californian Insurtech
Baloise is investing in a U.S.-based insurtech firm specialized in on-demand insurance policies for personal items. The company has already launched its offering in the U.K. and Australia and will roll out the service in the U.S. later this year.
17 Jul 2017
The Evolution in Self-Driving Vehicles
Although driverless cars will become mainstream in more than a decade, there are certain considerations that insurance executives should start thinking about now. We will continue to explore this evolving topic and suggest ways insurers can position themselves to take advantage of the enormous disruption that autonomous technology will cause to the business of risk.
17 Jul 2017
The future of insurance: become a digital broker today
With organic growth and acquisitions in the insurance industry higher than ever, now is the time for brokers to fully embrace digital technology to take advantage of every business opportunity in a market primed for profitability.
17 Jul 2017
InsurTech: Hype or the Next Frontier?
“InsurTech” is the term used to describe the blending of new and multi-faceted digital technology with the insurance industry. It has been attracting a great deal of interest from founders, investors and incumbents. As a result, investment in InsurTechs has skyrocketed.

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