Sent on February 24, 2016

News
Revolutionary: eye on big data, medicine & underwriting
23 FEB 2016 | The December 2015 unveiling by Prudential Financial and Aequalis of 10- and 15-year term policies for people living with HIV is big news for an estimated 1.2 million who carry the virus. Notable among them are individuals in the LGBT community who have long been unable buy life insurance, despite the availability of drugs that enable them to live healthy lives, free of AIDs-related symptoms.
Innovation Blog: The Hype Cycle of Insurance Disruption
22 FEB 2016 | In this blog, Bught By Many chief marketing officer Sam Gilbert discusses the trends in insurance technology and how the passage of time impacts upon digital's adoption in the industry. The research firm Gartner has a great model for showing the relative maturity of different technologies. It's called the hype cycle, and it looks like (...)
eading Reinsurers Line Up for Lemonade, the P2P Insurer
19 FEB 2016 | Lemonade, the startup peer-to-peer insurance carrier that has raised $13 million in initial funding, announced a line-up of global reinsurance partners, including Berkshire Hathaway and leading Lloyd’s of London syndicates. Lemonade set records with its initial funding by Sequoia and Aleph, followed by its announcement that four senior insurance executives from ACE and American International Group (AIG) had joined its ranks.
Zenefits Founder Parker Conrad Resigns After Compliance Failures
19 FEB 2016 | Parker Conrad has resigned as CEO of Zenefits, following a number of regulatory compliance failures at the richly valued human resources startup he co-founded, according to an email sent to employees on Monday. David Sacks, the chief operating officer, who formerly was an executive at PayPal and Yammer, is taking over as CEO. Zenefits also named Joshua Stein, a former federal prosecutor who is a vice president of legal affairs at the company, as its chief compliance officer. Sacks attributed Conrad’s departure to compliance failures by the startup.
Online insurance platform Turtlemint raises venture capital from Nexus, Blume
18 FEB 2016 | Online insurance platform Turtlemint has raised an undisclosed amount from Nexus Venture Partners and Blume Ventures. Turtlemint follows an online-offline model and provides recommendations to customers based on proprietary algorithms and data analytics, and offers a network of offline facilitators to help complete the insurance purchase and provide claims assistance.
Predictions for Innovation Trends in 2016
18 FEB 2016 | For the past few years, the innovation rate in the global insurance industry has run at peak levels, in good part because of digitization, which continues to be a pervasive influence—if not as disruptive as early projections. Initial expectations of a departure from traditional distribution channels turned out not to be the case. Clients preferred [...]
The changing risk landscape of cyber crime
17 FEB 2016 | At a time when barely a week goes by without cyber-related attacks or issues making headline news, the need for protection against such concerns is increasingly coming into focus. Over the past years cyber risk has evolved from the point where it was merely a sidenote on most risk managers’ radars to the position today, where it is often an active board-level concern, with true scrutiny into the exposure it could represent. In the middle of this changing risk landscape the insurance sector has responded by designing cyber cover to mitigate the losses resulting from various exposures. Although policies may ...
Innovation Blog: The Hype Cycle of Insurance Disruption
17 FEB 2016 | In this blog, Bought By Many chief marketing officer Sam Gilbert discusses the trends in insurance technology and how the passage of time impacts upon digital’s adoption in the industry The research firm Gartner has a great model for showing the relative maturity of different technologies. It's called the hyoe cycle, and it looks like this...
Von Bomhard: Disruptive technology is not the biggest danger to insurers
16 FEB 2016 | Nikolaus von Bomhard seems relaxed when it comes to the topic of disruptive forces changing the insurance industry. The chief executive of reinsurance giant Munich Re does not believe one of the big internet players, such as Amazon, Google or Facebook, will enter the insurance market without a partner from the industry. “They have huge respect for the insurance industry,” he told delegates at a recent industry conference near Cologne. Regulation is one reason for this respect, he says. Would Munich Re be prepared to be such a partner for Google or another internet giant? “We would surely consider it,” ...
Tech Companies Are Moving Insurance Into Apps
16 FEB 2016 | Lately, InsuranceTech has been a hot topic that has caught a lot of attention across industries. As the LTP team has been actively exploring the opportunities tech companies are building around insurance for consumers, we have seen a wide array of promising companies disrupting the industry. Untouched for decades, traditional insurance players are noticing a rapid rise in the adoption of alternative insurance types.
Your smartphone can now detect earthquakes and help you survive
16 FEB 2016 | (Bloomberg) -- A new app developed by U.S. scientists can turn your smartphone into an earthquake sensor and potentially save lives. Researchers from the University of California at Berkeley and Deutsche Telekom AG have built an app that uses a smartphone’s motion sensor to feel earthquakes. The app, called MyShake, records the time and amplitude of a tremor and sends its data and the phone’s location to Berkeley’s seismological lab for analysis.
Insights
IoT to transform insurance, Zurich, ProtectYourBubble and Swedbank Insurance explain why
08 FEB 2016 | IoT is changing B2B and B2C interactions. The world is becoming increasingly connected with autonomous vehicles, connected household items, and wearables abound. According to a recent survey by FC Business Intelligence, 82% of insurers feel that IoT is also important to the future of their business. We caught up with Zurich, Protect Your Bubble, and Swedbank Insurance to find out how IoT can support insurers moving in to the future.
2016 insurance innovation trends: my predictions
23 FEB 2016 | In 2016, insurers will be investing in two macro areas,Connected Insurance and InsurTech, according to Bain & Company’s Matteo Carbone. They will be spurred on by the arrival of newcomers in the insurance value chain and by the need for greater integration of user experience and data sources.
Agenda
The Insurance Summit 2016: Guardians of the Future
25 FEB 2016 | With the overall theme being “Insuring the Uninsured” the Insurance Summit 2016 will focus on the disruptive forces shaping the future of the industry and delve into the commercial and new growth opportunities arising from market consolidation and a closer alignment with the sustainable development agenda. Key topics and confirmed speakers include: The role of insurance as a risk manager in society Lise Kingo, Executive Director Global Compact, United Nations examines the findings of the “Insurance 2030” UN report. In order to provide universal access to insurance and prevent the uninsured from the impact of climate change and natural disasters, is there a need to establish Insurance Development Goals, in line with the UN’s SDGs? New opportunities through consolidation Bart de Smet, Chief Executive Officer, Ageas examines how western insurance companies can continue to grow through joint ventures and contextualises this with Ageas’ experience entering new markets particularly in Asia. Michel Khalaf, President EMEA, Metlife will present the company’s strategy for thriving in the Middle East and Africa. The evolution of risk through technology From the rapid spread of the Internet of Everything through to the Internet of Things and the rise of smart cities, driverless cars, and artificial intelligence, Maurice Tulloch, Chairman, Aviva Global General Insurance and Chief Executive Officer, Aviva UK and Florian Herzog, Chief Engineer and Founder, swissQuant will elaborate on what priorities should the insurance sector have in order to remain relevant and connected to its clients in a technological world? Who should attend: • Directors and senior business decision-makers responsible for business strategy, development, risk management, regulation, legal and marketing (COO, CTO, CRO) • Economists • Investment advisors • Insurance specialists/intermediaries • Fund Managers • Actuaries/Accountants/Auditors From industries including: General Insurance and Re-Insurance, Insurance Brokers, Life, Medical Insurance and Healthcare cover, Loss Adjusters & Claims Service providers, Specialists/intermediaries(accountants, actuaries, consultants, lawyers and software providers, Government and Regulators, policy makers, professional associations, academia, media Why attend the Insurance Summit 2016? • Learn about new growth prospects, where to find them and how to close the global protection gap • Challenge the adequacy of current business models and discover what the insurance company of the future looks like • Explore the opportunities consolidation offers and whether it will drive expansion into new markets • Gain insights on disruptive technologies that will transform the insurance industry • Discuss how to tackle climate change, foster sustainable development and the industry's relevance for these global endeavours Insurtech News subcribers are entitled to a 20% discount on the delegate registration fee of £995 + VAT. Contact me today for your booking code. Contact: Laurence Allen, Marketing Manager Email: laurenceallen@economist.com Tel: 0044 (0) 207 576 8118 About Economist Events: Economist Events gather the world’s top thinkers to build insight and exchange views on the issues that define our world. With a uniquely global perspective, we create over 100 unusually high level and engaging live and virtual events each year. Our aim is to bring clarity to complex problems, inspire ideas and to help our audiences make better decisions.
Connected Car Insurance Europe 2016
12 APR 2016 | This is the largest and most comprehensive forum in Europe dedicated to connected car insurance. With over 400 attendees from across 25+ countries globally and 50+ executives speakers, this event will address the technological challenges and new business models to impact the motor insurance industry as it converges with the connected car.