Sent on August 09, 2017

News
A dozen UK and European insurtech start-ups to watch in 2017 and beyond
09 AUG 2017 | Almost $1bn ($985m) was invested in insurtech in the second quarter of 2017. That was the finding of the second quarterly Insurtech Briefing from Willis Towers Watson, which reported a new record high of 64 transactions in quarter two of 2017, nearly double the 38 transactions completed in the Q1 of 2017.
The insurance sales gap is widening. This is how we can close it
09 AUG 2017 | In the US, the life insurance participation rate is in a steady decline, reaching new historic lows each year. This, coupled with insufficient savings, creates financial instability for millions. An early or unexpected death of a loved one creates a vacuum of loss, bills, debt and reduced income that is both devastating and unnecessary.
The Smaller the Small Business, the Bigger the Insurance Discontent: J.D. Power
09 AUG 2017 | Not all small businesses are the same when it comes to customer satisfaction with their commercial insurance. There are actually widening satisfaction gaps among small businesses of different sizes, according to the J.D. Power 2017 U.S. Small Commercial Insurance Study.
Analysis: Lemonade by numbers
09 AUG 2017 | Lemonade is the market’s most talked about disruptor. We look at Lemonade by the numbers.
How can insurers define the digital future?
07 AUG 2017 | The 2017 Accenture Technology Vision for Insurance report highlights the digital tools set to redefine the economy—and more. Cutting-edge technology is now smart enough to learn from its users and adapt. AI is revolutionizing UIs. Labor is becoming more fluid and powerful. Markets and industries are being redefined by emerging digital ecosystems.
Autonomous Vehicles: Truly Imminent?
07 AUG 2017 | Just from casual observation, if “disruption” is the hot topic in industry media, self-driving or autonomous vehicles might not be far behind. I’ve read predictions that a proliferation of autonomous vehicles will be among us (or vice versa) in five to 10 years. Is that likely? I have my doubts, though I’m increasingly persuaded that the day is coming.
Insurance innovation is a strategic imperative no insurer can ignore
07 AUG 2017 | Many insurers are tied to core policy admin systems originated in the last century. They remain constrained by the legacy of a pre-Internet, analogue way of working. Whilst around them, new technology enabled insurance firms (aka InsurTech) are hitting the news every day.
Becoming a Digital Insurer Shouldn’t Change Who You Are
05 AUG 2017 | In order to execute a successful digital strategy, insurers need to decide how digital can reinforce their existing strengths, rather than attempting to use it to become something they are not. My business school professors managed to hammer a single idea into my head about corporate strategy, and that idea is that there are only two ways to build a sustainable competitive advantage. You can be better or you can be cheaper.
Aviva, Tencent seek licence for Asian digital insurer
05 AUG 2017 | UK insurance giant Aviva and Chinese tech firm Tencent are seeking regulatory approval for a new joint venture partnership along with private equity firm Hillhouse Capital, which plans to develop an online insurance company in Hong Kong.
Six Innovators to Watch according to ITL - July 2017
03 AUG 2017 | We may be in the dog days of summer, but that doesn't mean that the insurtech world is taking a vacation. Far from it. Innovation is expanding so fast that we're now tracking nearly 2,000 companies on our Innovator's Edge platform. One tool that has proved popular is our monthly list of "Six Innovators to Watch." Here are the startups we've highlighted to date (March, April, May and June). And, here, now are the Six Innovators to Watch for July:
InsurTech Futures: iGO4 partners with CDL to launch lifestyle portfolio
03 AUG 2017 | iGO4 has joined forces with CDL to launch a portfolio of personal lines insurance products that will be accessed through a mobile app. The lifestyle portfolio, which the personal line broker claimed offers insurance shoppers “greater convenience, flexibility and value” will be delivered with home, gadget and travel product lines initially.
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.

© 2015 Digital Tech S.r.l.
Galleria Pattari 2 (Piazza Duomo) 20122 Milano
info@insurtechnews.com

This newsletter was sent to you by Digital Tech S.r.l.
We invite you to read the Terms of use of the Portal as well as our Privacy Policy.
If you have received this email by error or if you wish to unsubscribe from our Newsletter please click here.
For further information – or in order to update your contact information – you can send an e-mail to this address: info@insurtechnews.com