Sent on January 25, 2017

News
Tokio Marine Kiln adds drone insurance to online platform
24 JAN 2017 | Insurer says product is immediately available on its One TMK digital exchange and features a newly enhanced policy wording. Tokio Marine Kiln (TMK) has launched Unmanned Aerial Systems (UAS) insurance on its One TMK digital exchange. The insurer said that this will allow brokers to quote and bind drone insurance policies online in real time from anywhere in the world.
Top FinTech Influencers in Italy
23 JAN 2017 | Success in any industry, in financial services especially, is attributed to a combination of factors, including economic conditions, federal support, regulatory environment, the role of the main stakeholders, and, of course, the leadership, expertise and guidance provided by the influencers’ community. Every country has its own community of thought leaders dedicated to national success.
InsurTech startup Digital Fineprint joins Accenture innovation lab
20 JAN 2017 | Digital Fineprint, an InsurTech startup that harnesses social media to super-charge insurers online propositions, has been selected to take part in Accenture’s Fintech Innovation Lab in London, from over 300 applicants. The FinTech Innovation Lab is an annual 12 week accelerator program taking place in London, New York and Asia-Pacific that brings together early stage financial technology companies and the world’s leading insurers and banks.
Expanding insurtech start-up CBien looks to enter UK market
20 JAN 2017 | French insurtech start-up CBien is poised to enter the UK market as it takes part in the 2017 London program of leading accelerator Startupbootcamp InsurTech. The accelerator has announced that CBien, as a start-up in residence, will join the top 10 start-ups that have been chosen to participate in this year’s program.
These are the world's best insurtech conferences and expos to attend in 2017
20 JAN 2017 | The massive growth of the fintech industry forged ahead in 2016 thanks to several financial industry trends and multiple significant fintech investments. Because of all this growth, it's important for those in the financial industry to be aware of the latest trends in order to stay ahead of the pack, specifically for those who work in insurtech.
Insurtech firm Bought By Many clinches £7.5m Series A
20 JAN 2017 | Bought By Many, the search and social media insurance technology (insurtech) firm, has completed a £7.5m Series A funding round led by Octopus Ventures, with participation from Munich Re and HSB Ventures. Launched in 2012, Bought By Many enables individuals with specific insurance needs, such as pet insurance for rare breeds or travel insurance for people with medical conditions, to get a better deal from providers by analysing over 550 million rows of data.
Thaivivat’s chief leads innovation in the non-life insurance sector
19 JAN 2017 | IRAPHANT Asvatanakul, president and chief executive officer of Thaivivat Insurance, has spearheaded the drive for innovation in the non-life insurance industry. One notable example is the sector’s plan to pay compensation on a rice crop insurance scheme via the government-sponsored PromptPay electronic-payment platform, to be launched during the current quarter. .
YTML/Omnium launch life insurance software
19 JAN 2017 | YTML has this week announced a strategic partnership with risk specialist technology firm, Omnium, to deliver new offerings for advisers in the life insurance space.
How Big is the Internet of Things Opportunity in the Industry?
18 JAN 2017 | The Internet of Things is the network of physical objects that contain embedded technology to communicate and sense or interact with their internal states or the external environment. It is also working with efficient wireless protocols, improved sensors, cheaper processors.
Why isn't safety tech mandatory on all vehicles yet?
17 JAN 2017 | A lot of car advertising touts accident avoidance technology – but many of those features are only available as expensive add-ons or only in the top-of-the-line trims, not in the base and mid-range models. If this technology really does save lives, why isn’t it required by the government on all new cars? – Joanna, Toronto
Blog: Pop goes the bad rep - How Lemonade and AI are putting the fizz in insurance claims
17 JAN 2017 | In the first weeks of 2017 two stories have really caught the imagination of the insurance claims community. One involved US peer-to-peer insurtech start-up Lemonade, which claimed it had set a world record for the speed and ease of paying a claim at three seconds with zero paperwork.
NIIT Technologies reports 5.9% sequential increase in profit
17 JAN 2017 | NIIT Technologies reported a sequential increase of 5.9% in profit after tax at Rs 62.4 cr for the quarter ended December 31, 2016. Profit after tax was down 10% on a year on year basis for Q3FY17, while consolidated revenues were up 2% Year-on-year to Rs 693.8 cr, up 0.1% sequentially.
Zurich to Cut Spending on Large Tech Projects to Save $1.5B in Costs
17 JAN 2017 | Zurich Insurance Group AG, Switzerland’s biggest insurer, plans to cut spending on large technology projects as it seeks to reduce costs, according to chief risk officer Cecilia Reyes. “Managing, harvesting the benefits from these investments” is a challenge, Reyes said in a Jan. 11 interview at Bloomberg’s London office. “We will cut that back and be more focused.”
Insights
Insurance Is Changing and the InsurTech Wave Is Moving Fast
19 JAN 2017 | Insurance is finally changing. It cannot but do so in order to stay competitive in a technology-driven world where customers have ever increasing expectations regarding service delivery, with a clear tendency towards “on-demand”. Initially the insurance industry has been slow to promote digital innovation, but shifting customer expectations together with an increased importance acquired by digital channels are forcing all players to seriously consider digital investments in order to offer customer-centric products and services.
InsurTech Manifesto
17 JAN 2017 | The insurance sector has entered a phase of profound transformation. Numerous Insurtech startups—around 1,000 according to Venture Scanner map—have popped up to challenge the traditional model by generating more than 16 billion dollars in the last year from insurance companies. I believe that we will see a completely changed insurance sector in the medium term. But I consider it a joke for an industry conference to show a picture of a newborn and sell it as the last intermediary or the last client to have purchased an insurance policy. I’m convinced that insurance companies will still be relevant in the future, or will become even more relevant than they are now,
Agenda
RE•WORK Virtual Assistant Summit, San Francisco
26 JAN 2017 | The next generation in predictive intelligence. Anticipating user & business needs to alert & advise logical steps to increase efficiency. The event will showcase the opportunities of advancing trends in virtual assistants and their impact on business efficiency, personal organisation and society. Explore the theory and application of VAs and chatbots in communications, healthcare, transport and more, with leading innovators. Use our discount code INSURT20 for 20% off tickets. Visit the event website & apply the discount at the checkout: https://www.re-work.co/events/virtual-assistant-summit-san-francisco-2017
TU-Automotive Webinar: The Enabler for a New Era of Connected Motor Insurance
26 JAN 2017 | Can UBI tech form the basis for a suite of new motor insurance products? This is the tricky topic which our experts from Generali, Insurethebox, Inter Mutuelle Assistance and Ptolemus will tackle on Thursday the 26th of January 2017 at 12:00 CET. Even if you are unable to attend the webinar live, the audio recording will be sent straight to your inbox. Sign up to the webinar to: Get to grips with the power of UBI data in the claims resolution process from FNOL to tackling fraud to accident reconstruction/management Discuss the possibilities of utilising UBI tech to create the backbone of insurance products for mobility services (i.e ridesharing, P2P car rental, ride-hailing) Assess what data sets will best determine pricing models to understand the obstacles generated by adding more driving assistance features to the vehicle Sign up now by entering your details below

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