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Sent on August 02, 2017

News
The Power of a Selfie: Legal & General America Launches SelfieQuote.com, An Engaging New Way to Receive a Life Insurance Quote by Simply Uploading a Selfie
02 AUG 2017 | Legal & General America has launched an easy and engaging way to obtain a life insurance quote: simply submit a photo of yourself, otherwise known as a ‘selfie’, and let technology do the rest. SelfieQuote.com provides a life insurance quote by estimating an individual’s age, gender, and body mass index (BMI) using an individual’s selfie photo.
7 need-to-know things about emerging market Insurtech
02 AUG 2017 | Innovation is sweeping across all industries and perhaps influencing none more so than financial services, with Fintech now well established across the world. No stone is being left unturned, not even the almighty boulder that is the insurance industry, one of the oldest in the world and one that many think is a prime target for the current wave of technological innovation. This is where Insurtech comes in.
A Little Bit of Monika in My Life - Insurance and chatbots
01 AUG 2017 | The insurance world isn’t short on chatbots. Coverager picked 10.Arvi is a health and travel insurance assistant from Mumbai. It is one-year old, and chatty on policy inquiry, policy purchase, policy claims and even the occasional quiz or two. Also, it is the product of Ask Arvi.
What is insurtech?
01 AUG 2017 | PWC partner and leader of PwC Digital Services Experience Centre Nick Spooner explains the impacts of technology on the insurance industry and whether it not it will last. For hundreds of years, the insurance industry has been inert. Its processes and products worked; it simply didn’t need to change. Insurtech is changing that.
How Much Can Technology Actually Help Singaporeans Save on Car Insurance?
31 JUL 2017 | As technology grows smarter and more sophisticated, companies the world over have wasted no time trying to figure out how it can be utilized to improve the way they do business. Insurance companies are no exception.
UBI Is a Failure, But Telematics Insurance Is Working Extraordinarily Well
31 JUL 2017 | Insurance telematics has been out there for more than 20 years. Many insurers have tried to play with the technology, but few have succeeded in using the data available from connected telematics devices.
Prospects for brokers where insurtech and AI struggles
28 JUL 2017 | The rise of insurtech is impossible to ignore. New players are popping up everywhere casting lines of innovation into the insurance space. They won’t all survive, but the ones that do are starting to thrive. Data and software is fundamental to how insurtech generates business. Unlike incumbent insurers and brokerages, insurtech companies are not tied down by legacy and tradition.
Allianz and InsurTech Startup Flock to Launch UK’s First Pay-as-you-Fly Drone Insurance
27 JUL 2017 | Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz SE, is working with InsurTech startup Flock (www.flockcover.com) to develop digital insurance solutions for the growing drones or ‘Unmanned Aircraft Systems’ (UAS) market.
Future of Insurtech: Opportunities and Challenges
27 JUL 2017 | The emerging insurance tech (“insurtech”) industry is growing at breakneck speed. While in 2011 insurtech startups received $140 million in funding from 28 total deals, investment increased more than tenfold in 2016, with investors pouring nearly $1.7 billion into 173 deals.
Digital Head Appointed at Insurance Giant
26 JUL 2017 | Insurance giant IAG has snapped up the former innovation head of News Corp Australia as its new chief digital officer. Insurance Australia Group (IAG) has hired Mark Drasutis who joins the insurance giant's customer labs division. He will report to chief customer officer Julie Batch.
Aquiline Technology Growth Fund Closes with Total Commitments of Approximately $190 Million
26 JUL 2017 | Aquiline Capital Partners LLC, a New York-based private equity firm investing in financial services, today announced the final closing of the Aquiline Technology Growth Fund (ATG) with approximately $190 million in total capital commitments, exceeding its target of $150 million. ATG is managed by Aquiline and is the firm’s first dedicated early/growth-stage fund.
Insights
InsurTech sector quarterly update, Q3 July 2017
02 AUG 2017 | From April through June 2017 there were $655 million of investments, 50% more than the previous quarter (January through March) when insurtech startups raised $417 million. The following categories have raised the most funding in the past 90 days: Health and Travel Insurance raised $313.72M, Auto Insurance raised $159M, while Insurance Comparison/Marketplace raised $73.52M. The three insurtech categories with the highest amount of investments so far are: Health and Travel with $9.6B; Life, Home & P&C with $7.01B and Automotive with $6.77B.
The first “instant insurance” for the Italian market offered by AXA Italy in partnership with Neosurance
26 JUL 2017 | The first instant insurance proposed by AXA Italy and Neosurance can be activated with just 3 touches of the screen and is for now exclusively available for the 25.000 users of the Tiassisto24 community. Neosurance is an Italian-based startup founded in 2016 by Andrea Silvello – CEO & co-founder of Digital Tech International with over 15 years of experience in strategic business consulting, and Dario Melpignano – co-founder of Neosperience, the leading digital customer experience platform.
Agenda
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.
THE MAGIC OF INNOVATION: INSURANCE INNOVATION DAY 2017
20 SEP 2017 | Vienna | Join Insurance Innovation Day to see the latest trends from the sector and become an Insider. Are you working in a future-oriented company? Do you have amazing products or services? Do you like Insurance? If you answered the 3 questions with Yes, you are definitely suitable for our Innovation Day. Our ORF & Event Moderator Julia Schutze will lead us throughout the day. We have developed an interesting event concept for you.

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