Insurers moving forward on analytics, distribution pilots Insurance pilot programs are gradually moving into production, with more than half geared toward digital distribution and analytics projects, according to a new study by Novarica. Its report, “The Novarica New Normal for P&C Insurers: 100 data, digital and core capabilities,”
Rewarding mobile phone owners helps drive good behaviour The success of a mobile app that rewards drivers for safer driving rather than shocking them into behaving properly through hard-hitting ad campaigns, shows that tech platforms which help consumers do something positive can help change behaviour.
Get check-in reminders, buy travel insurance with SATS’ new worldwide travel app SATS announced on Friday (Aug 11) the launch of a travel concierge on a mobile app targeting the fast-growing millennial traveller segment in Asia, as the airport services and inflight catering company ups the ante on digitally connecting passengers at airports where it operates and markets its own suite of services, such as airport lounges.
Former Sompo CEO joins UK insurtech REG Former Sompo Canopius CEO Stuart Davies has joined the board of UK insurtech platform REG as a non-executive director. Davies is currently the executive chairman of European run-off insurance company DARAG, and a partner at private equity firm Disruptive Capital. His appointment follows Disruptive Capital’s recent £8 million investment in REG UK, which valued the business at some £20 million.
InsurTech Futures: App designed to notify brokers of motor accidents The designers say the app has been developed to improve information gathering after an accident and speed up any subsequent claim. UK software company Lightstone Systems has launched a new app that sends the details of a driver’s motor accident directly to their broker in real time.
Alternative to Insurtech or Legacy Tech for Small Commercial: Introducing QBE, Arrowhead Partnership When it was announced in June that San Diego, Calif.-based Arrowhead General Insurance Agency Inc. was selected as the program administrator for QBE North America‘s small commercial insurance portfolio, it immediately raised one big question.
Hamilton Insurance Group to Be Lead Sponsor of GR Innovation & Insurtech Conference Hamilton Insurance Group ("Hamilton"), the Bermuda-based holding company for property and casualty insurance and reinsurance operations in Bermuda, the US and at Lloyd's, today announced that it will be Lead Sponsor of a new conference focused on disruptive technology and its effect on the evolution of the insurance and reinsurance markets.
A dozen UK and European insurtech start-ups to watch in 2017 and beyond Almost $1bn ($985m) was invested in insurtech in the second quarter of 2017. That was the finding of the second quarterly Insurtech Briefing from Willis Towers Watson, which reported a new record high of 64 transactions in quarter two of 2017, nearly double the 38 transactions completed in the Q1 of 2017.
Top 5 Insurtech companies disrupting the insurance industry Insurtech is building momentum quickly as it receives massive amounts of funding, with this new investment providing fuel for new entrants in the emerging space. These new Insurtech companies are harnessing cutting edge technologies that are targeting numerous use cases across the insurance industry.
How insurance brokers remain relevant in the 21st century The workforce of the 21st century is priming itself for an automated future, and the consequences that follow: a shift toward strategic collaboration with intelligent software that will deeply impact insurance brokers. To stay relevant, they must be able to survive — and thrive — in a digital world.