Insurtech start-up In My Bag launches with Hambro Perks funding Mobile professional insurance specialist In My Bag has formally launched with funding from Hambro Perks and the underwriting support of ECIC. Headed by the former head of digital at Zurich, Iain Harper, the insurtech start-up has teamed up with a company that numbers Apple, Uber and Tesla as clients to help back up customers' data, as well as a same-day device replacement service.
One, Inc. Launches ClaimsPay Instant Claims Payment Solution Speaking at the One, Inc.’s first user group meeting yesterday in Scottsdale, Ariz., CEO Chris Ewing made a blunt statement introducing the vendors new ClaimsPay solution, officially announced this morning: “The check is dead.” ClaimsPay, the newest component in One, Inc.’s cloud-architected ProcessOne payment software, lets insurers deliver claim payouts instantly to a claimant’s bank account, debit card, or prepaid debit card.
6 IoT devices making waves in claims New trends have surfaced in IoT and the connected home as carriers experiment with smart devices as a way to cut down claims losses. The recent Consumer Electronics Show revealed a number of devices that could impact the insurance industry, according to industry experts. Following are some of the highest-potential products.
Bought By Many Uses Digital Model to Launch Insurance Products for Members Bought By Many, a London-based membership organization launched in 2012 with the aim of making the insurance industry more consumer-focused by making it fairer, has announced that it has launched its insurance products. Bought By Many serves as a broker helping members access insurance from its carrier partners for home, gadget, health, business, sports and leisure insurance.
How to make any home smart RIGHT NOW, on a budget Now that smartphones are in our pockets 24-7, we are closer than ever to a fully-automated smart homes without the unsettling plot twist of the eponymous movie. Maybe your pre-war ranch home doesn’t have the wiring or power for a full smart home remodel, but with a few tools, here are a few products you can buy today to make your home much more intelligent by 2018.
New Venture Capital Firm Looking for Insurtech Startups The insurance industry has a new venture capital firm looking to make early to growth-stage investments in innovative insurance technologies. David Miles, a 30-year insurance investment veteran and owner of the insurance carrier asset management firm Miles Capital, and Matt Kinley, a Pappajohn Capital Resources investor who has backed more than 50 healthcare and technology firms, have launch of ManchesterStory Group, a venture capital firm backed by a consortium of insurance companies from across the country.
Insurtech: The Modern Age of Insurance Insurance is one of the oldest businesses and is traditionally offline — think of the forms you need to sign, the policies you need to review, and all the paperwork you need to go through when making a claim. Insurance Business begs the question, “If all of your other important transactions are online, why wouldn’t you do the same with your insurance?”
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Insider View: InsurTech Venture Partners The response of the traditional (re)insurance industry to the rise of InsurTech has been varied. While many companies have taken a proactive approach and established internal divisions to either research or invest in the burgeoning technology, others have chosen to reserve judgement. In other words, while everyone in the industry is talking about InsurTech, and some have chosen to jump on this particular bandwagon now, the response has been far from homogenous.
InsurTech startup CXA Group secures $25Mn in series B to focus on expansion and product acceleration | The Tech Portal Singapore-based health technology startup CXA Group today announced it has received $25 million in series B investment from Facebook’s co-founder Eduardo Saverin’s B Capital Group and Singapore’s EDBI and has been valued at $100 million. Other participating investors in the round include global