Sent on October 18, 2017

Canadian InsurTech startup Covera raises $1.5M
18 OCT 2017 | Covera Technologies Inc., a Montreal-based InsurTech startup that uses technology to find its customers optimal insurance rates every year, has raised $1M as part of its seed financing round led by Ferst Capital Partners with participation from FinTech angel investors.
Why not experiment? Live from InsurTech Rising
18 OCT 2017 | Using a spreadsheet, try and determine the business case for Snapchat. This was a question Maarten Ectors, chief digital officer, GI, Legal and General threw out to the audience at day two of InsurTech Rising in London.
Disruptive Trends in Claims Cycle
17 OCT 2017 | A few weeks ago, in part one of this two part series, we discussed three trends that are disrupting the insurance claims cycle: the use of sensors, catastrophe support, and decreasing claims volumes. Indeed, these trends are drastically affecting the insurance industry, but there’s more.
The rise and rise of chatbots
17 OCT 2017 | CHATBOTS promise to be cheaper, faster and better than their human alternative. No wonder then than businesses from banks to retailers are rolling them out. So, are chatbots all that they're cracked up to be? It seems execution has a key role to play.
InsurTech start-ups remain attracted to P&C: Report
16 OCT 2017 | Research from Celent, a research and advisory company with a focus on technology and Guy Carpenter, a reinsurance brokerage, reveals that a third of InsurTech accelerators by line of business members are property & casualty (P&C) focused.
Tencent Will Sell You Insurance — in Its Apps
16 OCT 2017 | Competition in China’s fast-growing online insurance industry is intensifying, as tech giant Tencent Holdings Ltd. recently secured a new license to sell insurance products on its popular messaging apps WeChat and QQ.
Rebuilding Insurance for the 21st Century
13 OCT 2017 | Think: a San Francisco-based company that’s “rebuilding insurance for the 21st Century” . Also, Goodcover is an insurance company that returns unclaimed premiums to customers, keeping just a flat fee.
Distribution: About To Get Personal
13 OCT 2017 | The buying of insurance is going to change. The “sold, not bought” view of insurance distribution has run its course for many lines of business. Customer expectations have changed, and the inside-out approach to building silo-ed, exclusion-filled, fixed-term products just doesn’t cut it anymore.
Insurtech CoverWallet Secures $18.5 Million to Expand Small Business Insurance Platform
13 OCT 2017 | Digital business insurance agency CoverWallet said it has closed a $18.5 million Series B funding round led by Foundation Capital with participation from existing investors Union Square Ventures, Index Ventures, CV Starr and Two Sigma Ventures.
InsurTech Startup Root Insurance Expanding its Revolutionary Platform Across the United States
12 OCT 2017 | Root Insurance, the nation’s first car insurance company powered entirely by mobile, has expanded its services to drivers in Illinois, Utah, Oklahoma and Indiana. In contrast to rising car insurance costs nationwide, drivers in these four states can now save up to 52 percent by using Root’s data-driven approach.
SecurityScorecard Secures $27.5 Million in Series C Round Led by NGP
12 OCT 2017 | SecurityScorecard, the leader in security ratings, announced today it has raised $27.5 million in Series C funding. The financing round was led by Nokia Growth Partners (NGP) with participation from Moody's Corporation, AXA Strategic Ventures, and Intel Capital. Existing investors Sequoia Capital, Google Ventures (GV), Boldstart Ventures, Two Sigma Ventures
Insurtech will make insurance great again
18 OCT 2017 | Here we are celebrating two years of InsurTechNews and what better way to do this than giving you a quick update on the state of the industry and on our website metrics. Insurers, reinsurers and venture capital firms invested $985m (£735m) between April and June, with a total of $1.26bn up to date. The spike in 2017’s second quarter is expected to continue until the end of the year, surpassing previous quarters.
Lemonade – The First Anniversary Interview with CEO Daniel Schreiber
11 OCT 2017 | Lemonade is currently the market most talked-about disruptor. That’s why we’re pleased that, for the first time in Europe, Lemonade will present at DIA Munich what the pioneering concept is all about in a key note presentation. As a special DIA Munich appetizer we spoke to Lemonade CEO and Co-founder Daniel Schreiber last week, exactly one year after the company launched.
RGA Technovate Lab Reinventing Life & Health Insurance
19 OCT 2017 | Lisbon | On October 19, RGA is welcoming Insurtech to RGA Technovate Lab Lisbon 2017. RGA Technovate Lab is looking to promote innovation initiatives within life & health insurance sector. By offering a unique “glory moment” to early-stage, high-growth potential businesses that will bring new opportunities, insight and value to Insurance organization. We are hosting an event, where Life & Health Insurance startups and European-based businesses will be invited to our 1-day event in Lisbon next October 19th to deliver a 6-minute pitch to a select audience of 60 top insurance executives. Technovate Lab is an initiative of RGA. Reinsurance Group of America, Incorporated (NYSE: RGA) is one of the largest global life and health reinsurance companies. With operations in 26 countries, RGA supports clients and partners around the world with innovative approaches and customized solutions.
Automated and Customer-Centric Claims
24 OCT 2017 | London Marriott Hotel Regents Park, UK | The most influential event for claims executives in 2017! Connected Claims Europe is an unmissable opportunity to leverage technology, such as AI, Machine Learning, Chatbots, Advanced Analytics, IoT and more to drive business efficiencies and exceed customer expectations. From automating the first notice of loss to digitising and connecting your supply chain, this is the ultimate meeting place for claims visionaries and leaders to gain inspiration and tools for immediate implementation from innovative insurance case studies.
ACORD 2017
24 OCT 2017 | Boston | ACORD2017 is three days of knowledge you can put into action. You’ll explore the latest thinking on strategic issues facing the global insurance industry and take an in-depth look into ACORD Standards and Architecture. The conference offers opportunities to obtain insights on business and technology trends, earn credits for continuing education through professional development sessions, and network with attendees representing a wide range of companies and roles throughout the global insurance industry. For more information on what to expect at this year’s conference, check out the official ACORD2017 program.

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