Sent on March 23, 2016

News
Insurance Tech Rising: 135+ Insurance Startups Across P2P, Life, Commercial & More in One Chart
23 MAR 2016 | In November 2015, we released the first Periodic Table of Insurance Tech highlighting key players in the insurance tech space you need to know, including startups, VCs, corporate investors, and accelerators. But the market has grown immensely since, as startups across pet insurance, small business insurance, new sharing economy frameworks, and more attract venture capital investment.
Insurance 2.0: P2P and Structural Innovation
23 MAR 2016 | This post is the second in a three-part series on insurance transformation. The first post introduced the concept of “Insurance 2.0” and discussed new forms of distribution. At American Family Ventures, we believe that “Insurance 2.0.” will be, in part, shaped by structural innovation. The traditional insurance structure of centralized risk-pooling has been around for a long time. Unsurprisingly, it is also subject to heavy regulation. As a result, many entrepreneurs are using new approaches to lower regulatory burdens or unlock value through decentralization.
Two Instech Startups Target Small Business Insurance Market
21 MAR 2016 | Small business insurance providers will soon have two new competitors from the technology world. Next Insurance, an online shopper for small businesses, announced a $13 million seed investment led by investors Zeev Ventures, TLV Partners and Ribbit Capital. Next Insurance …
Alternative Data: Using Traffic and Criminal Records to Predict Homeowners Insurance Claims
18 MAR 2016 | A new TransUnion study found that using traffic and criminal violations to predict homeowners insurance claims is highly effective. In fact, of the households that fell into the most severe category, the non-weather loss ratio was roughly double that of the “clean” household category.
Self-interest, not regulation, needs to drive cybersecurity
17 MAR 2016 | A new report from the Association of Chartered Certified Accountants (ACCA) claims self-interest rather than regulation is the future of cyber security, because technology is evolving at such a rate that any legislation would be out of date before it is signed in to law.
Friendsurance remains unprofitable as CEO outlines growth plans
17 MAR 2016 | After six years of operation German start-up broker Friendsurance has failed to make a profit but this is part of the company's growth plan, according to its CEO. Speaking to Post, Friendsurance co-founder and CEO Sebastian Herfurth, pictured, said being profitable would slow down growth at the company. The peer-to-peer insurance business is growing in Germany...
Driverless Cars May Go Nowhere Unless Congress Passes Nationwide Rules
17 MAR 2016 | A patchwork of state laws governing the operation of self-driving cars threatens to stall their development, supporters told lawmakers as U.S. senators began consideration of a national standard for robotic vehicles. “It’s absolutely critical that we have uniform rules across the country,” Senator Gary Peters, a Michigan Democrat, said in an interview. “These are vehicles that will be on interstate highways and going across state lines.
Next Insurance secures $13 million to sell insurance to small businesses
17 MAR 2016 | Next Insurance today announced a $13 million seed round led by Zeev Ventures. The startup said that it plans to use the funds to launch its insurance sales platform for small businesses this spring — in a market in which “99 percent of small commercial insurance is sold offline through agents.” “Next Insurance has secured an unprecedented amount of initial funding, but that reflects the scope of this opportunity,” said Zeev’s founding partner Oren Zeev. “Small business insurance is one of the largest and most profitable industries in our economy, and it has hardly been touched by disruptive technology.”
Designing a sustainable digital insurer: Learning from the digital pioneers
16 MAR 2016 | In an era of unprecedented change, technology offers insurance clients greater access to information than ever before. Out of this revolutionary advance, a new class of smarter and more demanding customers has emerged. In tandem, new insurance carriers are moving quickly to offer new compelling digital services. Insurers globally are striving to engage empowered customers and digital transformation is becoming pervasive. Insurance customers are fuelling the demand for mobile solutions with expectations of direct access to content in a way that was inconceivable just a few years ago.
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.