Sent on April 12, 2017

News
AXIS Re Launches ‘Future of Insurance’ Hackathon at the University of Illinois
11 APR 2017 | AXIS Re, a business segment of AXIS Capital Holdings Limited (Pembroke Parish, Bermuda) hosted its inaugural “Future of Insurance” student hackathon in the Siebel Center for Design on the campus of the University of Illinois at Urbana-Champaign, on April 9. the event featured students building new catastrophe risk conceptualization models by leveraging the data analysis, advanced computer programming skills and risk modeling technologies, according to an AXIS Re source.
Willis Towers Watson Launches Cyber Aviation Cover with AIG Collaboration
11 APR 2017 | Willis Towers Watson has introduced CyFly, an insurance solution specifically tailored to cover cyber exposure affecting the airline industry. The recent Willis Towers Watson Industry Risk Index identified failure of critical IT systems as the most significant risk facing the global aviation industry.
InsurTech Futures: The rise of the machines
11 APR 2017 | In December, Bank of England governor Mark Carney warned that half of the UK's workforce could be replaced by robots or computers in the coming years. In the insurance industry, we’ve recently seen Aviva asking its staff if a robot could better perform their job in a bid to increase its competitiveness in our increasingly digital world.
Renesas launches its new software packages for the R-Car automotive computing platform
10 APR 2017 | Renesas Electronics Corporation has launched its new software packages for the R-Car automotive computing platform to improve security and safety capabilities for next-generation connected cars. The software packages implement embedded optimized virtualization technology that enables embedded systems to have -in a single system- security features that protect the car from external threats, and functional safety features that assure continued safe operation even in the event of failures
7 ways to improve insurance industry IT recruitment
10 APR 2017 | Talent acquisition looms large among the tech innovation challenges facing insurers, according to fresh research from Novarica, the Massachusetts-based insurance industry tech consultancy. Operating and improving today’s technology systems, particularly as insurance carriers work to fuse legacy programs with cutting-edge software and services, demands insurance industry IT employees with fresh skills.
Insurtech Microinsurance Specialist, BIMA, Gets $16.8M Investment
10 APR 2017 | BIMA, the insurtech firm that offers microinsurance in emerging markets, announced the close of an investment of US$16.8 million by Axiata Digital, the digital services arm of Axiata Group Berhad, one of Asia’s largest telecommunications groups. Axiata Group Berhad (Axiata) has a presence in 10 countries and more than 320 million customers across the Asian region and already works with BIMA in several markets, said BIMA, noting that Axiata’s transition to shareholder will deepen the existing partnership.
Silicon Valley Insurance Accelerator Launches InsurTech Innovation Lab
10 APR 2017 | Silicon Valley Insurance Accelerator (SVIA) recently launched its InsurTech Innovation Lab (Lab), a research, design and development center. The Lab is available to insurance companies, InsurTech startups, and established solution providers through SVIA’s Membership program which provides participants access to the Lab, and to SVIA’s knowledge, events, activities and its innovation ecosystem. The lab can fast track projects from proof of concepts to standing up complete solutions, products, and companies. Its services include concept development and validation, design, development, hosting, and outsourced business processes.
Encouraging signs around insurance awareness on a global scale: Swiss Re’s Ojeisekhoba
07 APR 2017 | Much remains to be done to bolster awareness, availability and take-up of p&c insurance on a global scale, but there are encouraging signs in play that may be further advanced by use of technology, Moses Ojeisekhoba, chief executive officer, reinsurance…
A.I. can close gap in meeting changing customer expectations: InsurTechQC
06 APR 2017 | Insurance companies that leverage cognitive computing, or Artificial Intelligence (A.I.) can close the gap in meeting changing customer expectations in a competitive InsurTech age. Speaking to Canadian Insurance Top Broker at the InsurTechQC conference in Quebec City on Monday, Christian Corso, Partner, Quebec FSS Leader, IBM Global Business Services, said insurance industry executives recognize the potential of A.I., but are unsure exactly how to leverage it.
Insurtech Startup Groundspeed Analytics Closes $2.0M Series A Funding
05 APR 2017 | Groundspeed Analytics, an Ann Arbor, MI-based commercial insurance data automation startup, closed $2.0m Series A funding. The round, which brought total funding since launch to $2.4m, was led by insurtech-focused venture capital firm ManchesterStory Group with participation from Michigan Angel Fund and Tappan Hill Ventures. The company intends to use the funds to expand sales and marketing efforts, as well as broaden and accelerate product development.
How is insurtech going to keep up with the pace of fintech? » Banking Technology
05 APR 2017 | In an interview with Lisa Moyle, portfolio director of InsurTech Rising, we dive into the importance of partnerships and investments with insurtechs. She recently hosted InsurTech Bytes – a podcast for the future of insurance, which has kicked off with a panel of insurtech investors and partnership pioneers.
Digital transformation: 8 best practices for insurers
04 APR 2017 | The traditional insurance business model, which has been resilient for over 350 years, is now being challenged by technological and behavioral change. In the not-so-distant future, driverless vehicles may diminish or eliminate road accidents and injuries. Connected homes could significantly reduce residential hazards. The sharing economy will likely offer peer to peer coverage.
Insights
Insurtech: follow the money
10 APR 2017 | Thanks to the recent partnership between InsurTechNews and Venture Scanner we are now able to offer you a quarterly update on the state of the InsurTech sector. The quarterly updated wants to capture the changes as they happen regarding startups and the types and amount of funding that they receive. Which are the sectors within InsurTech that are seeing the highest growth and where is it still lagging behind. Our Managing Director Andrea Silvello will present an updated comment on the InsurTech investment trends at FintechStage in Milan on May 5th. You can use this promo code to join the discussion FTSMI17@50
The power to insure what you want, when you want it
30 MAR 2017 | DIAmond Award winner Trōv is one of the most widely referred to cases when speaking about disruption in the insurance sector. But what is Trōv exactly about? What is the business model? How successful is it? Trōv’s founder and CEO Scott Walchek will share his vision in a keynote presentation at DIA Amsterdam, this May. To warm up we’ve interviewed Scott last week.
Agenda
World Takaful Conference 2017 | InsurTech Integrated
11 APR 2017 | Dubai, UAE | World Takaful Conference (WTC) is the leading global forum for Takaful and has played an instrumental role in the development of the industry for more than a decade by facilitating thought-provoking discussions, producing quality research and generating actionable insights. Convened by leading financial intelligence platform, Middle East Global Advisors, and held in strategic partnership with the Dubai International Financial Centre (DIFC), WTC 2017 will gravitate around the theme of “Stability, Authenticity & Technological Transformation”. The conference will be inaugurated by H.E. Ibrahim Obaid Al Zaabi, Director General of Insurance Authority (IA) U.A.E. It will also feature the exclusive launch of the World Takaful Report 2017 by Milliman. WTC will take place on the 11th and 12th of April at the Dusit Thani Hotel, Dubai. The second day of the conference will take shape in the form of a dedicated stream InsurTech Integrated that will focus on the impact of disruptive technologies on the insurance industry. The stream aims to highlight the importance of developing digital proficiency amongst insurance operators in the light of stiff competition by spearheading a series of insight-generating discussions.
Connected Car Insurance Europe 2017
19 APR 2017 | Hilton Tower Bridge, London | 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.

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