Sent on April 19, 2017

News
LIfe and health insurers still have work to do on predictive analytics: Gen Re
18 APR 2017 | Predictive analytics "is still regarded as an innovation" in life and health insurance, according to a survey by life and health reinsurer Gen Re. For the purposes of its study, Gen Re defined predictive analytics as “statistically rigorous techniques (beyond conventional actuarial experience analysis) that are applied to data to model or predict future outcomes.
4 pitfalls to avoid in a cyber insurance policy
18 APR 2017 | As more and more companies enter the burgeoning cyber insurance marketplace, they often ask policyholder counsel like me how they can choose the best cyber policy when confronted with so many choices. When the marketplace was still in its infancy just a few years ago, this was a considerably harder question because the policy forms, including the scope of first party and liability coverages being offered by different insurers, varied so drastically.
Usage-Based Insurance Apps: Opportunity or Obstacle?
18 APR 2017 | It’s been almost a decade since Progressive launched its usage-based insurance (UBI) program, Snapshot, aimed at more closely aligning driving behavior with auto insurance rates. And although other leading insurers have followed suit, the high costs associated with devices that consumers were required to place in their vehicles forced insurers to consider alternatives as their UBI programs grew.
Should We Say Goodbye To “Time” As One Of The Key Element Of Mutuality Within The Insurance Portfolio? Does On Demand Insurance Make Sense?
16 APR 2017 | The title of this article comes from a post, on LinkedIn from Matteo Carbone who is undoubtedly an insurtech thought leader. The question being asked is are we at a point where insurance can be “turned-on” when needed and “turned-off” when not needed? Why do policyholders need to have coverage 24/7 and more importantly, why do they need to pay for that coverage? It’s a good point, which characteristically for posts made by Matteo, got a lot of responses, most of which were supportive of this movement.
Insurtech Startup Etherisc Wins "Blockchain Oscar" for Innovative Insurance Platform
14 APR 2017 | MUNICH, April 14, 2017 /PRNewswire/ -- Etherisc (etherisc.com), an Insurtech startup based in the Munich area, has won the Blockchain Oscar for Most Innovative Blockchain Startup. The competition was produced by The Cointelegraph (www.cointelegraph.com) as part of Blockshow Europe 2017, and was conducted over several weeks. Six promising startups were shortlisted. In the final ceremony on 6 April 2017 in Munich Etherisc presented the project to a jury and received a prize of €5,000.
InsurTech opportunity lies in aiding incumbents: Aquiline
13 APR 2017 | InsurTech start-ups that can help the traditional industry identify and solve procedural pain-points are the ones most likely to succeed in the long term, according to Aquiline chairman and chief executive Jeff Greenberg. Speaking to The Insurance Insider, Greenberg said the private equity firm is targeting InsurTech investments in start-ups that help incumbents to combat issues in the back and middle office.
Insights gained from a global InsurTech scouting perspective
13 APR 2017 | As the Head of Research & Partner Management of Startupbootcamp InsurTech, for over six months I scouted the world for startups. The objective of my scouting was to find good fits for our Startupbootcamp InsurTech program in London. We specifically looked for startups which could solve one or more of our corporate partners’ pain points. In addition, I met dozens of investors, mentors, and experts within the insurance industry during this global scouting.
Dovetail Insurance Engages Duck Creek as Strategic Technology Partner
12 APR 2017 | Dovetail Insurance, (Columbia, S.C., a subsidiary of Marsh) a provider of insurance services to small commercial market has entered into a strategic partnership with Duck Creek Technologies (Columbia, S.C.) whereby the core system vendor will assume responsibility for managing and developing the technology underlying Dovetail’s proprietary platform.
Young Agents Want the Tech Tools Needed to Compete Against InsurTechs
12 APR 2017 | With so much attention lavished on InsurTech startups that vow to replace them, young insurance agents feel they are being shortchanged in the race to invest in insurance technology. Just give them the technology tools they need and they will be able to compete with InsurTechs, chatbots and robots, they say.
Riding the InsurTech wave
12 APR 2017 | The verdict is foregone – InsurTech is here to stay and is definitely not a distraction. Our Cover Story looks at the state of play today from the perspective of the disrupted and the disruptors as both ride the InsurTech wave.
Accenture’s New North American Innovation Center Addresses Insurers’ Digital Challenges
11 APR 2017 | Accenture (New York) has opened the Innovation Center for Finance & Risk in New York with the stated aim of helping financial services clients quickly develop and scale advanced data and analytics capabilities. The center will help insurers address a range of challenges associated with digital disruption, according to Luther Klein, the center’s lead for Finance & Risk Services.
Insights
Milan becomes the center of Fintech and Insurtech discussions in the month of May
19 APR 2017 | This year FinTechStage is bringing, for the first time in Italy, a full day dedicated to the Insurtech discussion: on Friday May 5th, more than 25 international speakers, five of them listed in the global InsurTech Influencers top50 created by Insurtechnews, will be discussing the hottest InsurTech topics from AI and Blockchain to connected insurance, from the unbundling of the insurance value chain to the tentative to disrupt old distribution channels.
Insurtech: follow the money
10 APR 2017 | Thanks to the recent partnership between InsurTechNews and Venture Scanner we are now able to offer you a quarterly update on the state of the InsurTech sector. The quarterly updated wants to capture the changes as they happen regarding startups and the types and amount of funding that they receive. Which are the sectors within InsurTech that are seeing the highest growth and where is it still lagging behind. Our Managing Director Andrea Silvello will present an updated comment on the InsurTech investment trends at FintechStage in Milan on May 5th. You can use this promo code to join the discussion FTSMI17@50
Agenda
Connected Car Insurance Europe 2017
19 APR 2017 | Hilton Tower Bridge, London | 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.
The 2017 Global Insurance Symposium
25 APR 2017 | Des Moines, Iowa | Learn about cutting edge technologies impacting the industry. Network with regulators and leaders in the field. Gain valuable continuing education credits. The 2017 Global Insurance Symposium features a powerhouse agenda of renowned keynote and panel speakers, as well as interactive demonstration and networking sessions for all attendees to enjoy. Speakers include state insurance commissioners, industry leaders, entrepreneurs, and regulatory representatives from various states, national offices, and international organizations.

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