BIBA to focus on insurtech in 2018 BIBA titled the 2018 event taking place in Manchester Central on May 16 & 17 'Innovate Evolve Thrive’. The association wants to explore the world of insurance innovation as insurtech establishes itself as the most eagerly anticipated opportunity in insurance product development and delivery for many years.
The IoT Solutions World Congress Establishes Itself as the International Landmark for the Industrial Internet Excellent attendance figures for the third edition of the Internet of Things Solutions World Congress (IOTSWC), underlining the rapid development and economic importance of this technological sector.
Generali Italia and H-Farm Launch Insurtech Accelerator Generali Italia and Roncade, Italy-based Milan-listed venture incubator H-Farm have launched a new insurtech accelerator. The Generali Health & Welfare Accelerator program aims to identify and collaborate with innovative domestic and international startups in their early/middle stages.
BITESIZE INSURTECH: INSURETECH CONNECT 2017 InsureTech Connect took place in Las Vegas on 3 & 4 October. We’re breaking from our normal Bitesize InsurTech format to provide our initial thoughts.Twelve months ago our analysis suggested that c.50% of InsurTechs were focused on distribution. We have seen an evolution since then to propositions which support incumbents.
Expect A Big Surge In Consumer Usage Of Insurtech The number of home insurance policies utilising Insurtech will exceed 86 million globally by 2022, up from an estimated 60 million in 2017. This growth will average 7.5 per cent per annum, as the integration of smart home technologies and AI underwriting systems takes hold in the insurance market.
Hong Kong insurance regulator launches insurtech initiatives The Insurance Authority has recently launched two new initiatives to promote the use of insurtech in Hong Kong. These are the 'Insurtech Sandbox' and 'Fast Track'. These are welcome steps and show that the Insurance Authority, which became the insurance regulator in Hong Kong just this June, is taking seriously its statutory function to promote the stable and sustainable development of the insurance industry.
Captricity develops life insurance automation products with MetLife, MassMutual MetLife is the launch client for Captricity's CaseCorrect platform, which automates policy processing to detect missing or inaccurate information. Over the course of three months, Captricity worked with MetLife on a pilot version of the software.
Florida-Based Insurtech Ensurem Receives $12.25 Million Investment From A-CAP Earlier this week, online insurance marketplace Ensurem announced it secured a $12.25 million investment from A-CAP, a New York City-based insurance holding company specializing in life and health insurance and related services.
Insurtech triggering transformation in personal lines: SMA New research out of the United States assessing 600 start-ups identified as relevant for personal lines insurers indicates these new players may fail, but they are having a tangible impact on the p&c insurance industry and how it delivers services, Strategy Meets Action (SMA) reports.