Sent on December 16, 2015

News
The Rapid Expansion Of Asian Internet Giants Into Insurance In One Chart
15 DEC 2015 | Alibaba, Tencent, Baidu, and Rakuten total a whopping $478B in aggregate public market cap. And over the past several years, all four Asian tech giants have made major inroads into the multi-trillion dollar insurance industry by way of partnerships, joint ventures, investments, and acquisitions. Rakuten, for example, acquired AIRIO Life Insurance in September 2012, which it has since rebranded Rakuten Life Insurance Co.
Smart Innovation Needed in Reinsurance: Munich Re Exec
14 DEC 2015 | Innovation and broadening contract language were hot topics at the 2014 PCI Annual Meeting in Scottsdale in October. Here, Martin Neuhaus, head of underwriting for national clients and specialty lines at Munich Re America, describes what he thinks of when he hears that word innovation, and distinguishes the boundaries of reinsurance contract changes.
Self-driving cars: Who's liable when software is at the wheel?
11 DEC 2015 | In the near future, driving just won't be the same as it used to be. Tasks such as placing your hands at 10-and-2 on the steering wheel, looking for cross traffic at intersections, checking your blind-spot before changing lanes, and being attentive to surrounding traffic and weather conditions may well become obsolete because of advances in automotive technology.
Meet Startupbootcamp InsurTech's new (and first) cohort
10 DEC 2015 | After several months of intense research and conversations with over 1,300 startups, Startupbootcamp InsurTech is ready to welcome its very first cohort. 18 impressive teams honored us with their presence and, along with our mentors and partners, took part in an exhausting 3 day selection process. This diverse group of entrepreneurs came from 8 different countries and 3 continents with products ranging from customer engagement and wearables to data analytics and drones. Each organisation was interviewed by over 40 industry experts in order to decide if their team should be included in the final 10.
Google’s Rising Investments And Partnerships In Insurance Tech
10 DEC 2015 | Throughout its history, Google has stepped into myriad industries outside of its core search business from healthcare to finance to transportation. Is Google now setting its sights on disrupting the multi-trillion dollar insurance business? Google has signed off on at least 6 separate partnerships and investments in insurance tech just this year, according to a CB Insights analysis of its activity. Most notably, Google launched its Google Compare service in March 2015 in partnership with CoverHound and Compare.com, allowing users to check rates from 21 different auto insurance providers. But Google’s forays into the insurance space reach beyond auto insurance.
Five ways to prepare for insurance industry transformation
09 DEC 2015 | The insurance sector is built on relationships: the face-to-face meetings, the in-person, highly personalised assistance, and—above all—the handshake. So why, one may wonder, would leading insurance organisations be investing in relationship management solutions? Given the various reasons organisations pursue technology solutions, this paper looks at the trends driving technology use and outlines five ways to prepare for insurance industry transformation.
How Major Insurers Are Teaming Up With Internet Of Things Companies In One Infographic
09 DEC 2015 | Insurers are increasingly recognizing the IoT’s potential to offer real-time monitoring of vehicles, homes, and other areas of key risk exposure. And one way they are seizing on this opportunity is partnering with emerging startups and tech giants in the space. American Family Insurance recently partnered with Ring (an earlier investment) and Google’s Nest to offer discounts on smart home products. Progressive partnered with Censio — backed by General Catalyst and Bain Capital Ventures — and has adopted its sensor technology to measure in-car smartphone usage, driving habits, and power the Snapshot mobile app that measures when and how users are driving using their smartphones.
Claims Innovation: How Your Company Can Use Legal Document Automation to Win Big
07 DEC 2015 | If this article were a legal document, it might sound like this: HERETOFORE, legal documents proximately cause a grossly adverse impact on insurance companies, which impact may include but not be limited to, said documents cost exorbitant amounts of money, are not usually a contributing cause of a favorable outcome, and result in direct, indirect and special damages to insurance companies’ abilities to effectively manage their pending lawsuits....
Senators Seek Details on Cybersecurity From Automakers
07 DEC 2015 | Two U.S. senators have asked the world’s biggest automakers for information on steps they have taken to protect cars from being hacked, as attention on vehicle security has surged following the first car recall over a cyber bug. Democratic Senators Edward Markey and Richard Blumenthal wrote to 18 automakers on Wednesday asking about efforts taken to secure vehicles including 2015 and 2106 models.
5 new marketing rules created by technology
04 DEC 2015 | The web, social media, smart devices, and other advances in technology have given marketers unprecedented ways to deliver their messages and engage with customers. In this new, technology-driven world of marketing, do the proven principles of marketing strategy still apply? Or are there new rules for marketing success?
Insights
How to transform an old fashioned Insurer into a Carrier like Oscar, fast and at low cost
10 NOV 2015 | The Internet of Things (IoT) is creating enormous opportunities that insurers can leverage to provide a better customer experience while simultaneously improving their profitability. In particular, insurers have a tremendous chance to upgrade their role in the health segment from a simple "payer" to an active "player" in the overall user experience cycle. The motor insurance telematics experience in Italy shows that this is possible. There, products linked to a connected insurance value proposition have already reached a market penetration of 15% and are now adopted by most insurers.
Connected cars & insurance claims: a new paradigm, made in Italy
01 DEC 2015 | The Italian insurance market represents the international best practices of the use of Connected Insurance, according to almost any source. Telematics is now in its development phase and there is a long road ahead before the full potential of this technology is reached. Nevertheless, from an international perspective, it is clear that the Italian market has already accumulated the greatest experience in the use of telematics within the auto insurance value chain.
Agenda
Consumer Telematics Show 2016
05 JAN 2016 | The Consumer Telematics Show (CTS) kicks off the calendar year for the connected car community, serving two strategic purposes; it gives automakers a platform for new partnership and product announcements and acts as the largest and most focused meeting point for 500+ automotive execs during International CES®.