Sent on March 16, 2016

News
4 areas for insurance to modernize in 2016
15 MAR 2016 | Fair or not, many look at insurance as an outdated industry, lagging behind others of similar stature and scale when it comes to innovation. While sectors such as financial services and healthcare have embraced digitization and automation with open arms — whether by choice or mandate — insurance has largely played catch-up.
Telematics infographic: Marie’s journey in the new world of digital insurance
15 MAR 2016 | This infographic illustrates how telematics technology can smooth the claims process for motor clients and improve customer satisfaction. The infographic also highlights projected telematics growth, the impact of telematics upon accident rates for young drivers and attitudes towards UBI.
CHAMP, Yorkway buy into surveyor BMT
14 MAR 2016 | CHAMP Ventures and Yorkway Equity Partners have snared a majority stake in quantity surveying group BMT Tax Depreciation, in a deal valuing the company at $65 million. The private equity pair will own nearly 70 per cent of the business, with CHAMP Ventures holding most of the stake. BMT management, including chief executive Bradley Beer, have also bought into the deal and will own the balance of the company. Mr Beer will own the lion's share of the management stake.
Confused.com exclusively launches LV='s ‘buy now' life cover
14 MAR 2016 | The price comparison website now offers three ‘buy now' life insurance products from LV=, Aviva and Admiral. Confused.com's ‘buy now' life insurance products enable eligible customers to purchase cover instantly. The ‘buy now' technology was built and developed by Direct Life & Pensions Services Ltd.
Bupa introduces website to support patients undergoing heart surgery
11 MAR 2016 | The online hub has been developed for patients, families and carers and is relevant for all types of heart surgery, with videos of a surgeon, cardiothoracic nurse and patient following surgery all the way through from the first appointment to recovery. This tool gives people advice and reassurance from trusted SCTS experts, with information they know is reliable and medically-evidenced. .
Transforming Insurance: Insurance 2.0 and the Evolution of Distribution
11 MAR 2016 | The following is a guest post authored by Kyle Nakatsuji (@kylenakatsuji), principal at American Family Ventures (@amfamventures). At American Family Ventures, we believe changes to insurance will happen in three ways – incrementally, discontinuously over the near term, and discontinuously over the long term. We reference each of these changes in the context of a ‘version’ of insurance, respectively, “Insurance 1.1,” “Insurance 2.0,” and “Insurance 3.0.”
What is the True Value of Data-Driven Insight?
10 MAR 2016 | While most insurers successfully use data to optimize underwriting pricing or claims costs, additional innovation and opportunities for business improvement can come from data about existing and potential customers (including the distribution network), and orienting all business operations around those … Continued
Early-Stage Insurance Tech Deals On Pace For Quarterly Record
10 MAR 2016 | An early look at insurance tech deal activity in 2016 shows early-stage insurance tech financings on pace to hit a new quarterly record in Q1’16, according to CB Insights data. To date, there have been 24 seed or Series A insurance tech deals globally, just 67 days into the year. For context, these would amount to 35% of all early-stage insurance tech activity in 2015 and nearly 49% of all early-stage deals in 2014.
Aro Underwriting unveils new online platform
10 MAR 2016 | Aro Underwriting has launched a new online quotation platform for its key broker partners as part of the company's rebrand and new website launch. The managing general agent, based in London and Kent, was established in 2011 and is focussed on schemes and affinity markets. James Bright, managing director at Aro, said: "These are exciting times for Aro. We have been up and running for five years and have over 40,000 policyholders, most of whom buy online through brokers.
The Three Ways Technology Can Transform Claims and Legal Expenses Into Valuable Assets - Carrier Management
10 MAR 2016 | Innovation can be overwhelming for insurance company executives. However, the goal of innovation is much more attainable if you break it down into three opportunities: legal document automation, descriptive analytics and predictive analytics. 1. Legal Document Automation The problems legal documents cause for insurance companies involved in claims litigation go well beyond deciphering the cryptic legalese:...
Insights
Insurance as a Service: how Ageas, AIG and Mapfre use IoT for customer engagement
02 MAR 2016 | ‘IaaS’ or Insurance as a Service could just be the next big thing. Providing customer services that align with the digital age and modern convenience are fundamental to insurers. But, how do we turn this pipedream into a reality?
We have the framework
16 MAR 2016 | In Italy, this transformation is exemplified by the adoption of vehicle telematics. According to the latest IVASS data, black box became an integral part of 15.5% of new policies and renewals during the third quarter of 2015. Auto #insurance #telematics mainstream in Italy: penetration >15% [ Click to Tweet] The insurance sector is now seeing the same dynamics already experienced inmany other sectors, including financial services: with startups and other tech firms innovating one or more steps of the value chain traditionally belonging to financial institutions. InsurTech has seen investments of almost $2.65 billion coming in during 2015 compared with $0.74 billion in 2014. Similar to FinTech in 2015, it’s now InsurTech’s turn to define the elements to be included in the observance perimeter, this being a main point of debate among analysts.
Agenda
TU-Automotive Cybersecurity USA 2016
29 MAR 2016 | TU-Automotive Cybersecurity dissects the real issues behind the headlines, helping you to apply technology and best practices to deliver robust security defenses and processes within a more secure ecosystem. The conference unites players from research labs, automakers, tier 1’s, security researchers, and the complete supply chain to plan for the imminent future.
Connected Car Insurance Europe 2016
12 APR 2016 | 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.