Japan’s SmartHR, crowdsourced personnel management platform, secures seed round Kufu is a Japanese startup behind SmartHR, a crowdsourced personnel management platform. The company recently announced that it has secured funds from East Ventures, DG Incubation, and Beenext. The exact amount is yet to be announced but it is said to amount to several tens of millions in Japanese yen (hundreds of thousand US dollars). SmartHR automates procedures related to social insurance and unemployment insurance.
Online insurance platform Turtlemint raises venture capital from Nexus, Blume Online insurance platform Turtlemint has raised an undisclosed amount from Nexus Venture Partners and Blume Ventures. Turtlemint follows an online-offline model and provides recommendations to customers based on proprietary algorithms and data analytics, and offers a network of offline facilitators to help complete the insurance purchase and provide claims assistance.
Expert: Targeting High-Risk Shoppers with Mobile Makes Sense High-risk shoppers maybe one of the best segments for insurance agencies and carriers to target with online and mobile quoting and services. New data from online agency CoverHound shows high-risk shoppers are 93 percent more likely to conduct research for insurance on their mobile devices as compared to lower risk shoppers.
Predictions for Innovation Trends in 2016 For the past few years, the innovation rate in the global insurance industry has run at peak levels, in good part because of digitization, which continues to be a pervasive influence—if not as disruptive as early projections. Initial expectations of a departure from traditional distribution channels turned out not to be the case. Clients preferred [...]
Insurance Gets a Mobile Makeover: 22 Startups Providing Mobile-Centric Insurance Tech Amid the broader boom in insurance tech, startups in policy management, claims, just-in-time buying, and usage-based car insurance are rethinking the insurance industry in a mobile-first world. Many of these startups are providing a central app to manage personal insurance policies and premiums.
The changing risk landscape of cyber crime At a time when barely a week goes by without cyber-related attacks or issues making headline news, the need for protection against such concerns is increasingly coming into focus. Over the past years cyber risk has evolved from the point where it was merely a sidenote on most risk managers’ radars to the position today, where it is often an active board-level concern, with true scrutiny into the exposure it could represent. In the middle of this changing risk landscape the insurance sector has responded by designing cyber cover to mitigate the losses resulting from various exposures. Although policies may ...
Innovation Blog: The Hype Cycle of Insurance Disruption In this blog, Bought By Many chief marketing officer Sam Gilbert discusses the trends in insurance technology and how the passage of time impacts upon digital’s adoption in the industry The research firm Gartner has a great model for showing the relative maturity of different technologies. It's called the hyoe cycle, and it looks like this...
8 Key Takeaways On Starting A Company In Insurance Tech A number of investors have written great posts detailing various “opportunity patterns” in the insurance industry. While these act as great starting points, they don’t dive too deep into some of the more practical and operational issues one faces when starting a new company in the space. I’m writing this from the point of view of an entrepreneur working in the industry to shed some light on lesser known insurance topics, which I think are very important for both entrepreneurs and investors to consider.
3 reasons that new piece of technology won’t make a difference Let’s be honest, we’ve all done it. You see that shiny new piece of technology that will “transform your agency,” but two months later you regret making the purchase. Did you ever decide that Facebook, LinkedIn or Twitter would make your phones ring off the hook, only to quit after week three of the mission? Tools are an important part of our business, whether it be an agency management system, comparative rater or Microsoft Office. But those of us trying to grow rapidly have to have even more tools: Lead management, customer relationship management, marketing automation, blogs and more.