Sent on October 07, 2015

News
Jelf pilots wearable tech for employee wellbeing
06 OCT 2015 | The company selected Fit Bit devices and the Bupa Boost app for its employee scheme. Jelf said its motivation was to encourage employees to be proactive about their health through a practical, engaging and easy-to-use pathway. The firm said it saw a huge benefit in the community aspect of Bupa Boost, which connects employees via social media to share their successes and motivate each other. Jelf Employee Benefits said it will collect anonymised data ao better understand the health and wellbeing priorities of their workforce.
Insurance technology: The advantages of a well-designed software application suite
02 OCT 2015 | Insurance technology is highly complex. Buyers of technology need to be aware of any technology they are acquiring, including its originally intended uses, what applications it will be used for, and how good a fit it is with existing core systems. From the advent of the earliest insurance systems to modern state-of-the-art application suites, the one constant is that the insurance business has continued to move through financial cycles, business cycles, changes in our culture, demographics, regulations, work processes and products. Many of these changes require the acquisition of new technology or systems.
Allianz, Forte and Verizon invest in Urgent.ly roadside assistance
01 OCT 2015 | Urgent.ly says it has raised $7 million in Series A funding from Allianz Digital Corporate Ventures, Verizon Ventures, and Forté Ventures. Urgent.ly, America’s leading on-demand roadside assistance service, will use this major infusion of capital to rapidly scale the growth and expansion of its current nationwide operations. Urgent.ly is the quickest, safest, and most innovative roadside assistance service in America.
Update on insurance issues for ride-sharing and car-sharing
01 OCT 2015 | With the use of smartphones and smartphone apps, it has become possible to link two previously unknown people together for various purposes if the right app exists. This has led to the creation of transportation network companies (TNCs), of which Uber and Lyft are two of the most well-known. These organizations arrange rides between owners of private passenger vehicles and people who either want to use the car or need a ride. The application allows the parties to make contact and coordinate the use of the vehicle.
The Start-Ups Are Coming (Finally)!
30 SEP 2015 | For most of 2015 I have been banging on about disrupting insurance (or Instech, if you like that kind of jargon). I’d like to use this blog post to talk about why I find it exciting. 1. Insurance is an enormous market Life insurance premiums are $2.3 trillion globally. Non-life insurance premiums are $1.4 trillion globally. (Both numbers are from 2012, from a McKinsey report.) I don’t get to write the word “trillion” often when looking at market sizes.
How Internet of Things May Transform the Insurance Industry
30 SEP 2015 | Life is unimaginable without smartphones. We are connected to each other in a way we were never before. We rely on it not just to be in touch with family and friends but it has become an indispensable object in our professional lives too. We are continuously evolving as technology-driven population. Digitization is making the world a smaller place by allowing us to connect and exchange information in no time. This inter-connection of digital information is analyzed and consequently a conclusion is provided as feedback which leads us to a means of control. This internet of things is making our day-to-day processes easier and our lives simpler.
30 under 30: Meet the millennials who are transforming the insurance industry
30 SEP 2015 | Their parents, boomers and some seniors, told millennials they could be anything. Great songs about the children being the future were sung back in the 80s and early 90s. With such high hopes for their future, millennials embarked down a road of immense dreams. For some, those dreams are already coming true. Across every industry, millennials are reinventing the way the world works, just as earlier generations have done. The insurance and financial services space is no exception.
Insights
Will fintech newcomers disrupt health and home insurance?
08 SEP 2015 | The integration of technology in the Insurance Company’s value proposition is turning out to be one of the main evolutionary trends in the sector, and the “digital” initiatives have been for a couple of years now one of the priorities of Insurance Groups. Until today though they have brought only limited improvement when it comes to the competition abilities of the Insurer. The best practices at international level show that in order to obtain concrete benefits, the innovation has to be directed towards clearly determined strategic objectives: that is by clearly identifying how the adoption of a technological solution may allow the company to make the most of the opportunity at hand or to solve a critical issue of their business.
Idea Insurance: Connected Health Insurance
21 SEP 2015 | As synthesized by Meg Whitman (CEO at Hewlett-Packard), ‘we’re now living in an Idea Economy, where the ability to turn an idea into a new product or service has never been easier’.[1] This impact is pervasive on all industries, and a company has to achieve enough agility to respond to market opportunities and threats, and quickly turn ideas into reality. For some years now, ‘digital’-driven projects have become a priority for all insurance groups. Here, the term ‘digital’ refers to several important aspects, starting with a digitalized customer experience, which is completed by digital/technological processes aimed at improving relationships with the clients, and with the mid-term objective of maximizing the single client’s profitability.
Agenda
Telematics Brazil & LATAM 2015
19 OCT 2015 | The Telematics Brazil and LATAM Conference & Exhibition will bring together the pioneers and innovators in Latin America to understand how to capitalise on low cost solutions and create solid business models that will increase profitability and drive the telematics market in the region.
TU-Automotive Japan
20 OCT 2015 | Automotive is one of the fastest changing and hottest tech areas. Automakers are evolving from heavy manufacturers to nimble technology companies: connectivity has been a linchpin of these changes. Having been dedicated to connecting key figures across the telematics ecosystem in Japan and beyond, TU-Automotive Japan 2015 will explore issues, opportunities and technologies in the connected car, autonomous vehicles and auto mobility.