Hannover Re parent Talanx boosts insurtech capabilities in digitisation push Talanx is investing in and cooperating with start-ups in order to drive digitisation and enable profitable growth. Talanx, which operates brands like HDI, Targo insurers and Hannover Re is currently using pilot projects to review cooperation with two start-ups. The group has invested in the Elinvar platform, which offers asset managers a complete digital value added process. Talanx has also concluded partnerships with the Plug and Play innovation platform (Silicon Valley) and the start-up accelerator Startupbootcamp (London).
7 Tips for Start-ups Partnering with Incumbent Insurers: Trōv Founder Walchek Trōv is a tech start-up that’s introducing the world to a new way to insure their things: on-demand for any duration, entirely from a smartphone. We’ve had to reinvent the insurance value-chain — from customer engagement through claims — by leveraging tech at every point to make the experience meet the expectations of emerging generations. We’ve launched in Australia and the United Kingdom, and will shortly be in the US.
Digital Fineprint selected by ConVista to utilise Social Autofill within OneDigitalOffice ConVista’s OneDigitalOffice digital front office platform, today announced its partnership with Digital Fineprint, a London, UK based Insurtech startup that is building the industry standard technology solution that uses consumers’ social media information to optimize the insurance policy purchasing journey. OneDigitalOffice enables insurance companies to compete effectively in this age of digital disruption by creating a unified digital front office solution. reducing IT costs.
How Insurance Giant Allstate Is Using Cloud Tech to Build New Businesses Allstate is best known for being the "good hands" company, founded in 1931 to insure cars and property. But like other companies of a certain age, it needs to venture into new areas. That's what the insurance giant—number 84 on this year's Fortune 500 list with $36.5 billion in revenue—has done over the past few years, starting up its CompoZed Labs unit to speed up development of new software services.
How to reduce your car insurance premiums The average claim for youth drivers aged 18-25 in the 2017 financial year jumped to R40,976, up from R36,055 in 2016, according to new data published by Alexander Forbes Insurance. The insurer revealed that 70% of drivers in this age category are driving hatchbacks – 30% of these are Volkswagen.
Manchester-based HealthTech firm Now Healthcare Group closes £4m Series A HealthTech firm Now Healthcare Group (NHG) has secured £4m in Series A funding from Medicash, a health cash plan provider based in Liverpool, in exchange for a minority stake in the business. Founded in 2015 by Lee Dentith and based in Media City (Manchester), NHG provides digital healthcare services through its brands Dr Now, Now GP and Now Pharmacy.
AIG Issues Its First Insurance Policy on Blockchain AIG, the multinational insurance provider, has announced its first blockchain based insurance policy, that was issued to UK’s Standard Chartered Bank. The blockchain policy termed the “master policy” governs multiple policies for the bank’s operations in various countries. The insurance sector has found that blockchain technology can offer them loads of benefits at a fraction of the cost. The use of distributed ledger and smart contracts allows insurance companies to automate many processes, thereby reducing the time and resources otherwise required to issue policies and process claims.
InsuranceNEXT’UA 2017 to force digitization in Ukrainian insurance industry Ukrainian Federation on Insurance and the digital economy and fintech focused Future magazine with the support of the German (GDV) and Austrian (VVO) Associations of Insurers and the League of Insurance Organizations of Ukraine held the first insurance Conference InsuranceNEXT’UA 2017 in Ukraine. It was dedicated to the preconditions for digital changes in the insurance market of Ukraine and the world.
Startup Decisely: Insurtech ‘For Brokers, By Brokers’ Targets Small Business Benefits San Francisco, Calif.-based EPIC and Two Sigma Private Investments kicked in a total of $60 million in late March to fund insurtech benefits startup Decisely to make potential acquisitions and to expand the firm’s services. Decisely has until recently been quietly making preparations to launch for the last few years.