Sent on July 12, 2017

News
How the Internet of Things Can Be Good for Small Businesses
12 JUL 2017 | Every business and technologically-oriented person has heard of the Internet of Things (IoT) by now, and how small devices will do things we never thought were possible. The Internet of Things has been closely linked with the rise of the smart home, where someone could ideally jumpstart their coffee maker and lights from their smartphone.
We Just Won “Best Fintech Investment” at the UKBAA Awards!
12 JUL 2017 | Every year, the UK Business Angel Association (UKBAA) selects a few companies for its award ceremony. This year, we were finalist in two categories and won “Best Investment in Fintech”! This is especially fun since we are the first InsurTech startup to be winning this prestigious prize, which shows that InsurTech is a force to be reckoned with.
Turning insurance lemons into sweet Lemonade
11 JUL 2017 | Dan Ariely, the Israeli professor of psychology and behavioral economics at Duke University and best-selling author, is no fan of the insurance industry. Basically, if you try to create a system to bring out the worst in people, you would end up with one that looks like the current insurance industry,” he says, referring to the system in his adopted country of the United States.
InsurTech Asia Association to be launched this month
11 JUL 2017 | A dedicated InsurTech association for Asia will be launched soon as a milestone development in the regional insurance market to accelerate the digital transformation of the industry. InsurTech Asia Association will be officially launched on 20 July in Singapore. The new body's founding President is Mr George Kesselman.
AXA FlexiDrive launched: drive safe to lower premiums
10 JUL 2017 | Today, AXA Affin General Insurance (AAGI) has launched AXA FlexiDrive, a new motor insurance that uses telematics to enable buyers to save money on their insurance premiums, as well as to provide a range of emergency and vehicle recovery services.
Patients, clinics defraud health insurance funds
10 JUL 2017 | New report reveals that widespread fraud by both healthcare institutions and patients have cost health insurance funds some VNĐ3 trillion ($132 million) in the first four months of the year. New report reveals that widespread fraud by both healthcare institutions and patients have cost health insurance funds some VNĐ3 trillion ($132 million) in the first four months of the year.
The internet is what the doctor ordered for Zimbabwe’s insurance companies
10 JUL 2017 | The biggest frustration I have with local insurance companies is lack of differentiation. Whether we are talking about short term insurance, life assurance, medical cover or funeral cover there is not much differentiation. This is best demonstrated by how much people move from one insurance company to the next and then the next term to term for their vehicle cover. Why? The only difference currently is where you buy the service so people will go to the insurance ‘shop’ closest to them at that time. This is terrible for the insurance companies themselves. To use telecommunications terminology: there is too much churn in the Zimbabwean insurance market
nsurers Must Adapt to Digital Demands
07 JUL 2017 | New, technology-driven changes in the ways people live their lives are prompting revolutions across industries. The insurance sector must adapt to these changing needs if it is to remain relevant to customers. The power and popularity of wearable technology as a generator of health data and the developing potential of genomics are well-discussed issues in the insurance industry.
Stephen Catlin warns industry not to lose out
07 JUL 2017 | Stephen Catlin, founder of Catlin Group, has warned the insurance industry not to miss out as innovation and technology changes. Speaking at the Managing General Agents’ Association’s (MGAA) third annual conference yesterday (4 July), Catlin stated: “The insurance world we know today is going to be very different within the next five years. We need to embrace change or all of us are going to lose out.”
BBVA Unveils the Champions of the Open Talent 2017 AI Challenge
06 JUL 2017 | TheBBVA Open Talent AI competition was launched in March as part of BBVA’s wider Open Talent competition – the biggest FinTech competition in the world – which features challenges focused on AI, FinTech for Companies (F4C), Identity, Women in FinTech, Financial Inclusion, and specific challenges for 11 countries around the world.
Innovation: ‘Where Do We Start?’
06 JUL 2017 | Before “insurtech” becomes the next over-used buzz-phrase to hate, let’s step back for a moment and consider the truly unprecedented scope of opportunity for growth facing those in the various risk management sectors who embrace the inevitable reinvention of this trillion-dollar industry.
The First German Insurer to Offer Vodafone Telematics App
06 JUL 2017 | Wuerttembergische Versicherung will soon be offering a telematics-based insurance solution for policyholders under the age of 30. In collaboration with British multinational telecommunications company Vodafone Automotive, the German insurer will offer a telematics app starting July that can score drivers, rate trips, and offer safety tips on how to improve driving behavior.
VR Helps Insurers Better Understand Risk
05 JUL 2017 | “Virtual reality,” says Michael Macauley, “once considered the exclusive property of video game developers, is increasingly being used by the insurance industry for training, research, and product development.” Macauley, CEO of Quadrant Information Systems, a leading supplier of pricing analytics services to property and casualty insurance carriers, notes that where today large P&C insurers build houses and other structures solely for adjustor training,
Insights
Looking for the secret sources of Insurance IoT
12 JUL 2017 | There is a lot of hype around IoT or Connected Insurance within the insurance market at present. Insurance Nexus want to understand the reality. Please contribute with your view to their survey and Insurance Nexus’ll provide you with the results. Over the next few months, Insurance Nexus together with the Connected Insurance Observatory will be publishing the Connected Insurance report: a study spanning the challenges and realities of Insurance IoT that cuts through the noise and focuses on the facts of implementation. A real picture on where the industry is at.
The “Big” Transformation: How big data are changing our lives
12 JUL 2017 | The scenario opened by big data is revolutioning our landmarks and models we are used to think, act, dream, and which have usually built our personal and professional identity. The exponential increase in information sources also pushed companies as well as individuals to evaluate analytics as an alternative model of business growth, rather than an asset or an operating plus. This radical metamorphosis poses some basic questions also on the insurance activities, especially when we talk about “mutualization”.
Agenda
RPA & Intelligent Automation BFSI: The Future has Arrived
10 JUL 2017 | London, UK | Whist Robotic Process Automation and Artificial Intelligence is still just a buzzword in some industries, it is now a key competitive advantage in banking, insurance and financial institutions. Transformation in back office operations and effortless customer interactions at the front end is now what’s considered the new normal. Building on the groundbreaking success of RPA & AI Summit 2016, SSON & PEX Network is proud to bring you RPA & Intelligent Automation BFSI, to provide a true peer to peer platform with a surgical focus on practical and specific challenges for the BFSI industry.
IIS Global Insurance Forum
17 JUL 2017 | IIS Global Insurance Forum July 17th - 20th, 2017 London

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