Sent on July 19, 2017

News
Applying blockchain technology could slash US$40 billion in costs for financial services: BIS Research
18 JUL 2017 | Implementing blockchain technology could produce hefty cost savings in the billions of dollars annually for the financial services market, suggests a new report released Friday by Minnesota-based BIS Research.
Insurtech scholarship open for applications
18 JUL 2017 | Insurance Technologies Corporation (ITC) has announced that the second annual InsurTech Scholarship is now open for applications, according to a news release. ICT will award one $1,000 scholarship during the 2017-2018 school year to a college student who plans to work in the insurance agency upon graduation.
The Evolution in Self-Driving Vehicles
17 JUL 2017 | Although driverless cars will become mainstream in more than a decade, there are certain considerations that insurance executives should start thinking about now. We will continue to explore this evolving topic and suggest ways insurers can position themselves to take advantage of the enormous disruption that autonomous technology will cause to the business of risk.
The future of insurance: become a digital broker today
17 JUL 2017 | With organic growth and acquisitions in the insurance industry higher than ever, now is the time for brokers to fully embrace digital technology to take advantage of every business opportunity in a market primed for profitability.
InsurTech: Hype or the Next Frontier?
17 JUL 2017 | “InsurTech” is the term used to describe the blending of new and multi-faceted digital technology with the insurance industry. It has been attracting a great deal of interest from founders, investors and incumbents. As a result, investment in InsurTechs has skyrocketed.
InsurTech Futures: Industry warned of Brexit impact on InsurTech
17 JUL 2017 | Startupbootcamp InsurTech and PwC report also shows start-ups are becoming more sophisticated, with more insurers looking to collaborate. InsurTech has reached a crucial stage, with more investment and an increasing number of start-ups being created, according to Startupbootcamp InsurTech and PwC’s 2017 trend report.
Aviva redundancies: Insurer says 50% of claims can be serviced online
13 JUL 2017 | Brokers agree technology can help claims service but Unite Union slams the job losses. Brokers have agreed that technology can help the claims process following the announcement that Aviva is to put 120 commercial property roles at risk and close its Southend office. It is proposing to move work carried out in its commercial property business in Southend to Perth where its property claims operations are based.
Greenfields, Startups and InsurTech Accelerating New Business Models is Highlighted in New Majesco Report
13 JUL 2017 | The digital shift is realigning fundamental elements of business that require major adjustments from insurers in order for them to survive and thrive, for which new business models represented by Greenfields or startups are key, according to a new thought leadership report published today by Majesco (NYSE MKT: MJCO), a global provider of core insurance software and consulting services for insurance business transformation.
Strategy Meets Action Announces "Winning in InsurTech"
13 JUL 2017 | This three-event, on-demand webinar series was developed in conjunction with St. Nick Media and is available for purchase and viewing via the SMA website. The series provides a roadmap for InsurTech startups looking to start strong and build momentum in the insurance industry. The series also enhances visibility for incumbent insurers, tech companies, and other interested parties, such as venture capital (VC), private equity (PE) or angel investors into the InsurTech startup world.
Landbay to offer insurance service for landlords
12 JUL 2017 | Landbay has announced a partnership with Legal & General to work on a point-of-demand insurance service for buy-to-let landlords. The specialist buy-to-let mortgage lender will work with insurtech company KASKO to deliver the new product Landbay Insurance, which will enable real-time quoting and underwriting of building, contents, tenant and rent guarantee insurance.
Five Questions for Investors in Insurtech
12 JUL 2017 | Decisions you make when founding and/or investing in an insurtech venture can dictate your regulatory obligations, tax liability, operational structure and, ultimately, profitability. Here are five seemingly simple questions to ask when launching an insurtech venture (and do not miss question #3):
Insights
21 financial AI startups that will shake up the fintech and insurtech industries
18 JUL 2017 | According to Venture Scanner, who are tracking over 1866 Artificial Intelligence companies across 70 countries, the total amount funding raised by the AI industry has reached a total of $17.6 Billion. MEDICI Top 21 – AI has the objective of selecting and showcasing the most innovative AI startups disrupting the financial services industry worldwide, all with a market capitalization lower than USD 400M.Over 300+ companies have been analyzed and, after rigorous screening & evaluation, the LTP team announced the Top 21 Winners – across three regions: EMEA, APAC, and the Americas.
Recent Surveys by Research Firms indicate a Strong inclination toward Usage-Based Insurance
13 JUL 2017 | The trend of car-pooling, ride-sharing, and telematics has caused a paradigm shift in the usage-based insurance (UBI) industry. Accurate and real-time data collection, low fuel consumption, and flexible insurance premiums create an upsurge in the industry. Moreover, technological advancements and low possibilities of accident & vehicle theft have driven customers to look into it. As insurance costs are based on driving habits including speed, time of delay, miles driven, and others, drivers who opt for UBI can save money by saving amount of premium.
Agenda
IIS Global Insurance Forum
17 JUL 2017 | IIS Global Insurance Forum July 17th - 20th, 2017 London
ACORD INSURANCE INNOVATION CHALLENGE LONDON SEMI-FINALS APPLICATIONS OPEN
05 SEP 2017 | ACORD is now accepting applications for its ACORD Insurance Innovation Challenge (AIIC) semi-finals which will be held in London on September 5, 2017. The AIIC is the world's premier event for innovation in insurance technology. It brings together insurance companies of all sizes and across all lines of business, investors and venture capital partners, technology startups, and industry innovators. It is an opportunity to be a part of a collaborative effort to transform the way the insurance industry does business, interacts with new policyholders and partners, crafts the next-gen customer experience, and ensures a prosperous future. The London semi-final event will lead up to the international finals scheduled to be held in conjunction with ACORD2017 October 24-26, 2017 at the Marriott Copley Place in Boston, Massachusetts. The AIIC will be giving away prizes valued up to $300,000, including a cash prize of $25,000 for the Startup Disruptor finals winner. Semi-finals winners will receive cash prizes on top of being invited to ACORD2017. The deadline to apply is July 28, 2017.

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