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Sent on March 29, 2017

News
Webinar from Insurance Nexus: Capture and analyse real-data from connected devices to unearth useful customer insights
28 MAR 2017 | Find out how insurance companies are capturing and analysing real-time data from connected devices to unearth useful customer insights at this free webinar by Insurance Nexus. Attend on April 5th, 2017 at 10am GMT and get exclusive insights from leading insurers and industry influencers: Diogo Santos Franco, Head of Digital
Unlocking the potential of blockchain
28 MAR 2017 | There is a great deal of excitement at present around the potential benefits of blockchain technology for the re/insurance sector. Blockchain is most often described as a technology that can make insurance transactions significantly cheaper, faster, more transparent and more secure. It is also credited with the potential to help underwriters mitigate risk and with new product development in that blockchain-enabled protocols can serve as a form of warranty, which guarantees certain aspects of the performance of new products.
Insurtech Startup Ottonova Raises New Funding Round
27 MAR 2017 | Ottonova, a Munich, Germany-based digital health insurer, raised a multi million euro amount of funding. According to reports, the funding could amount approx. €15m, which brought the total amount raised to €20m. Backers in this latest round included Tengelmann Ventures, B-to-V Partners and STS Ventures, which joined previous investors Holtzbrinck Ventures and Vorwerk Ventures.
Big Data Helping Iowa State Researchers, DOT Manage Traffic Crashes
27 MAR 2017 | The traffic data hits the REACTOR lab in continuous streams from across the state – video, traffic volume, speed, backups, weather and more. Iowa State University researchers can call up all that data on the six big screens arranged around the Realtime Analytics of Transportation data lab, or REACTOR. The lab is part of the Center for Transportation Research and Education within Iowa State’s Institute for Transportation. It features a fiber optic connection to the Iowa Department of Transportation’s Intelligent Transportation Network.
Neosurance Selected for Plug and Play’s InsurTech Acceleration Program
27 MAR 2017 | The Neosurance Team enthusiastically received the news of being selected by Plug and Play, the most important startup accelerator worldwide, for their program in the Silicon Valley Tech Center. Neosurance, together with other 25 selected startups, will be taking part in a three-month intensive acceleration program meant to give a significant boost to their business through an intensive interaction with corporate partners and VC’s. Official corporate partners include Aviva, Allianz, Markel, Farmers Insurance, Munich Re, Swiss Re, Nationwide, The Hartford, Talanx, Travelers, Zurich, HDI, USAA, AON and many others.
EMC Insurance Companies has chosen Octo as a fleet telematics partner for its commercial telematics program, Peak FleetTM | Telematics Wire
24 MAR 2017 | Octo Telematics announced today that EMC Insurance Companies has chosen Octo as a fleet telematics partner for its commercial telematics program, Peak FleetTM. Octo Telematics will provide the full platform and accompanying services for the insurer’s fleet telematics program to promote safer driving and maximize fleet performance. Read more at http://telematicswire.net/emc-insurance-companies-has-chosen-octo-as-a-fleet-telematics-partner-for-its-commercial-telematics-program-peak-fleettm/#dI50ePBRPhh1kT9z.99
Webinar debate on the value of IoT data
23 MAR 2017 | Connected devices are providing insurers with a wealth of personal data on their customers. From the connected home, to wearable technology, the flow of data is endless. Find out how to use this data to get useful insights in this upcoming webinar.
New US insurtech Fabric targets parents
23 MAR 2017 | The number of insurtechs in the life insurance space has been growing, and now another new player, Fabric, is entering the fray with an offering that aims to provide coverage for new and expecting parents. Fabric will offer two products to start: an accidental death policy, called Fabric Instant, which users can obtain in two minutes online; and Fabric Premium, a more comprehensive 20-year term policy.
Insurify AI-Driven Virtual Auto Insurance Agent Raises $4.6M in New Round
22 MAR 2017 | Insurify (Cambridge, Mass.), an MIT spin-off startup virtual agent, has closed a $4.6 million funding round, led by MassMutual Ventures, Nationwide Ventures and its existing investors, to fuel rapid growth with the aim of transforming the insurance shopping experience with artificial intelligence. The company also announced today the launch of what is claims is the first U.S. car insurance comparison service on Facebook Messenger.
Large, Tech-Savvy Insurers Will Excel With Big Data; Smaller Carriers Face Struggles
22 MAR 2017 | The insurers that will best incorporate data analytics into their daily operations have multinational scale and are already technology savvy in their underwriting practices, Fitch ratings concluded in a new report. In other words, the carriers set to benefit most from the often-talked about big data revolution have the raw material and abilities to make it work in the first place.
Harnessing technology to narrow the insurance protection gap
22 MAR 2017 | The global insurance protection gap is one of the most pressing issues facing our society. With this in mind, The Geneva Association has analysed the potential contribution of digital and mobile technologies to narrowing protection gaps in both mature and developing markets, through enhancing the awareness, affordability and appeal of insurance products and solutions. Dr Kai-Uwe Schanz and Dr Fabian Sommerrock share the Association’s recent research report which was complemented by and validated through 23 executive and expert interviews.
Insights
InsurTech: Are We Gambling On The Future of Insurance?
28 MAR 2017 | InsurTech is exciting to investors because many believe insurance is ripe for disruption. Technology brings efficiency to markets and provides more options to consumers. According to Celent, the insurance industry spent $176B on IT in 2016, and Allianz Research tallies global premiums at $3.9T. Therefore, roughly 4.5% of all premium goes to IT costs. Insurance clearly has technology and still is inefficient. Therefore, InsurTech is not just about technology (a common misconception because of the reference to "tech").
Connectivity, mobility and autonomy are changing the rules in the North American motor insurance game
21 MAR 2017 | Also according to the new regulations that will come into act as of October 2017, in the European Union all new vehicles sold will have to be equipped with the e-Call emergency alert system. Italy has a significant advantage when it comes to telematics as it had the ideal circumstances for early adoption and has now reached a penetration of more than 17 % of the total cars with almost 6,5 million installed telematics boxes. Although the full impact of this technology is yet to come, the focus on telematics adoption is on the rise at a global level.
Agenda
Project Innovate: InsurTech Forum
28 MAR 2017 | London | On 28 and 29 March, we will hosting a two-day forum focusing on InsurTech as part of our continued work of Project Innovate. The event will take place at Clifford Chance, 10 Upper Bank Street, E14 5JJ. The aim of the forum is to discuss and learn about the developments in the InsurTech market, and to explore the regulatory uncertainties that pose as barriers to innovation.
Internet of Insurance Conference, Surrey
05 APR 2017 | The Internet of Things offers profound opportunities for insurers to better understand risk, impose preventative solutions and differentiate product offerings in an increasingly competitive marketplace. Through combination of best practice industry case studies and expert insight, the Internet of Insurance explores the business case for IoT in the industry. Key issues to be explored will be: turning the unprecedented volume and velocity of new IoT data into valuable and actionable insights; exploring how IoT can enable competitive advantage and market differentiation through industry best practices exchange; ensuring ROI for your IoT investment though detailed analysis of qualitative and quantitative benefits of new products. Insurtech News members enjoy 15% discount on delegate passes (not applicable for any solution providers or consultancies) using this promo code - ITN17

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