Sent on September 06, 2017

News
Big Four and Capgemini dominate best FinTech and InsurTech reports
06 SEP 2017 | FinTech and InsurTech are causing massive disruption among their relevant sectors, as agile new start-ups utilise new technology to challenge long-term market incumbents. Those looking to stay ahead of the game with latest insights should keep an eye out for thought leadership from consulting firms. Capgemini, Accenture and the Big Four are all at the heart of industry leading research, according to an expert panel.
Finaeo has raised more than $2 million toward project to create a digital “marketplace” for insurance advisors
06 SEP 2017 | Toronto-based insurance technology (insurtech) startup Finaeo Inc. has raised more than $2 million toward its effort to build an online tool that would replace the role of managing general agencies (MGAs) with a digital "marketplace," the company announced Tuesday. Finaeo has closed its seed round, which is oversubscribed at $2.25 million.
Who's The #1 Lemonade Copycat?
05 SEP 2017 | Knock on Effects, and Knock Off Attempts, in Lemonade’s First Year. As though timed to perfection, GEICO’s launch of their “Lemonade” TV commercial coincided with Lemonade’s commercial launch. Either the gods were conspiring against us, we thought, or the execs at GEICO were. We chalked that one up to the gods. After all, the agenda of big GEICO couldn’t possibly be dictated by a little Lemonade, right?
Esurance turns to predictive analytics to settle Harvey claims faster
05 SEP 2017 | Esurance is using predictive analytics to skip adjuster inspections on auto claims related to Hurricane Harvey. Captured images from planes equipped with cameras are run through the insurer's analytics software to reimburse policyholders on automobiles quickly, Esurance says. Its platform combines vehicle year, make, model and water depth to predict its reparability.
Insurtech Startup Neosurance Raises €705K in Seed Funding
05 SEP 2017 | Neosurance, a Milan, Italy-based machine learning and AI-powered insurtech startup, raised €705K in seed funding. Backers included strategic business angels, mainly managers and executives coming from the Italian and European insurance industry
Bestow Raises $2.5 Million in Seed Round Financing
04 SEP 2017 | Bestow Inc., the company behind a revolutionary new approach to life insurance, today announced it closed a $2.5 million seed round led by New Enterprise Associates (NEA), with participation from Core Innovation Capital, Morpheus Ventures, and 8VC.
CEO Monthly Insurance Technology Market Analysis - September
01 SEP 2017 | A summary of comparable trading statistics for all public companies and all sectors within financial technology. A summary of selected M&A and private equity activity in the financial technology sector. Other useful market data and related information regarding the financial technology sector.
Getting to ‘Win-Win’ in InsurTech Collaboration
01 SEP 2017 | The insurance industry is not known for its speed. It can be highly risk averse and prone to lengthy decision-making processes that lead to challenges when trying to collaborate with startups. Startups are often at different stages of development and therefore carry different inherent risks.
Investment in one area of fintech is up more than 2500% year-on-year
01 SEP 2017 | More than £200 million has been invested into UK "InsurTech" — insurance technology startups — so far this year amid a flood of interest from investors, according to new figures from Accenture. The consultancy said on Friday that £218 million has been invested into InsurTech businesses in the first half of 2017
NYC Emerges As The Capital Of Insurtech
31 AUG 2017 | Silicon Valley for decades has been known as the startup hotspot, but in recent years other cities have emerged as viable alternatives. Destinations previously regarded as being less attractive have surged across the nation, from Seattle to Boston, driving innovation and investment in a diverse set of tech companies ranging from biotech to finance industries.
A Response to Some Insurtech Claims, Part 3
31 AUG 2017 | So far, we’ve dealt with two statements: We do good! It’ll just take a few seconds! This last statement is part of the premise of many in the insurtech space, but it’s also something that we’ve been dealing with for far too long in insurance. Let’s get into this conversation about money. Statement #3: You’ll save so much money!
Insights
Capital increase for the insurtech startup Neosurance
05 SEP 2017 | Neosurance, the machine learning and AI-based agent which enables the sales of instant micro policies, has just finalized a successful capital increase of 705,000 Euro, with offers from investors well above the maximum agreed amount. This seed round brings the total funds raised by the company close to one million Euro.
Is connected health insurance the winning bet for both customers and insurers?
04 SEP 2017 | Health has always been a matter of public concern and it is up to each country to establish how to better organize its healthcare system so as to be able to guarantee the safety of citizens. Healthcare and health plans have actually become the central issue in the US nowadays as Obamacare, President Barack Obama's healthcare reforms dating back from 2010, is going to have to battle for its position with the Better Care Reconciliation Act. This shows the major role that health plays in politics, for insurers, for citizens and other stakeholders.
Agenda
Connected Car Insurance USA 2017
06 SEP 2017 | The Connected Car Insurance USA Conference & Exhibition is the largest and most informative forum for executives from across the connected car and auto insurance industries. Key Issues in 2017 for Connected Car Insurance Addressed: 3 months of independent research has uncovered the most pressing business and tech problems facing the auto insurance industry - telematics, connectivity, mobility, ADAS & autonomous.
4th Annual OPEX Insurance Disruptive Transformation
18 SEP 2017 | Conquer The Chaos & Technology of Today: Become The Insurer of Tomorrow The insurance industry has always been one of the most competitive in the world. The traditional battlegrounds were underwriting, claims and process efficiencies, but rapidly changing customer expectations, disruptive models of service delivery and lower barriers for customer defection are all potential game changers. The insurance industry is a vast consumer of information, historically requiring great human expertise to turn disparate data into sound business decisions, but that too is changing. In the new world, small companies will quickly become big and because the market is finite, some big players will have to become smaller! And the force multiplier for all of this change is, without question, technology. Atlanta, US | Companies that can integrate technology, deploy superior data analytics and process automation and then combine it to deliver world-class customer experience are likely to be the winners at the expense of those who cannot. How prepared are you and your organisation for the changes on the horizon? Do the answers lie in ‘plug-in & play’ point solutions or should changes be at platform level? Is it one size fits all or is it ‘horses for courses’? Where do the ‘people and processes’ fit into technology or technology fit into the people and process? And, how tech-savvy do the decision-makers in your OPEX need to be?
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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