Sent on December 23, 2015

News
Regulation may hurt other financial firms, but health insurers thrive on it
21 DEC 2015 | The past few years have been tumultuous for American health insurers. Barack Obama’s landmark health-care reform spawned a bevy of co-operatives to compete with them, among other measures intended to cut the cost of insurance. More than half of these have already gone bust—most recently Health Republic of New York. It had received $265m in federal loans but closed on December 1st, leaving 200,000 people in search of a new insurer. That is partly because the exchanges on which co-operatives and private insurers alike were supposed to sell lots of new policies have proved a disappointment: last month UnitedHealthcare, America’s biggest health insurer, announced that it may stop selling policies on them.
Demand for Cyber Coverage Surges: Wells Fargo Study
18 DEC 2015 | While the vast majority of corporations surveyed have purchased cyber insurance, and almost half have filed a claim as the result of a breach, there are still gaps in their incident-response plans, a new study commissioned by Wells Fargo Insurance’s Technology, Privacy and Network Risk Practice found.
Covéa poised to launch direct arm
18 DEC 2015 | Direct motor insurance is set to go live in 2016 but insurer highlights commitment to intermediated market. Covéa Insurance is poised to launch its direct motor insurance proposition in early 2016. The insurer said it had been talking openly about its intentions to launch a direct operation since the creation of Covéa in 2012 and has chosen to utilise one of its in-house brands - Provident Insurance - to market the proposition. Research Retail distribution director, Carol Geldard, explained: "We carried out extensive independent customer research to test all our in-house brands and the results were very clear cut.
Berkshire unit prepares to sell business insurance on the Web
17 DEC 2015 | (Bloomberg) -- Berkshire Hathaway Inc. won the top financial-strength rating from A.M. Best Co. for a unit that plans to sell insurance directly to businesses over the Internet, paving the way for Chairman Warren Buffett to expand his company’s insurance operations. Berkshire Hathaway Direct Insurance Co. will initially focus on workers’ compensation and business owners’ package policies, A.M. Best said Thursday in a statement announcing that it had assigned the A++ grade to the company. Insurers typically require such ratings to begin operations.
Ready to Work Remotely, Explore the World and Grow your Career with Passion?
17 DEC 2015 | If you want to be a digital nomad, first forget about the stereotypes. Like the one in the image above, lol. Your Clients are not going to wait for you while you are resting on the beach. First, the reality of being a digital nomad. You need to be very good at planning and prioritizing, and you need to know very well how to motivate yourself. Each time you move from point A to B, you need to keep in mind time zones, potential delays, work deadlines, etc.
South Korea: First online insurance mart attracts thousands
16 DEC 2015 | South Korea's first online insurance supermarket, known as Insurance Damoa, where users can compare different insurance plans and make online insurance purchases, has attracted nearly 100,000 individual visitors within the first three days of its launch on 30 November. According to the General Insurance Association of Korea, as of midnight on 2 December, a total of 98,210 users had visited the Insurance Damoa site. About 60,000 users visited the site on the day it was launched, showing a high level of interest.
010 – Dan Reed, American Family Ventures
16 DEC 2015 | Dan Reed is Managing Director of American Family Ventures, the corporate venture capital fund of American Family Insurance. Listen and learn how Dan went from Stanford, to Chicago Booth for business school, to consultant and now strategic investor. In this far ranging discussion, we talk about the types of insurance startups AmFam Ventures invests in, […]
Insights
Consiglio dal Medico - official service Partner of the Italy Malaysia Business Association
22 DEC 2015 | Consiglio dal Medico selected as official service Partner by the Italy Malaysia Business Association (IMBA) A collaboration between the Italy Malaysia Business Association (IMBA) and Consiglio dal Medico has been forged to give IMBA Members access to Consiglio dal Medico as part of their membership benefits.
Does Insurance as a Service (IaaS) work?
22 DEC 2015 | he black box makes it possible for Insurers to enrich their auto insurance value proposition by adding services built upon data provided by telematics. This is an element to be taken in consideration when evaluating the overall ROI of a telematics program. On the one hand, these services represent a way of de-commoditizing the car insurance policy and are also a source of income. On the medium/long term, this characteristic will become more and more important because of the de-risking trend in the MTPL business –due to the technological progress when it comes to security and connected cars.
Agenda
The Insurance Summit 2016: Guardians of the Future
25 FEB 2016 | With the overall theme being “Insuring the Uninsured” the Insurance Summit 2016 will focus on the disruptive forces shaping the future of the industry and delve into the commercial and new growth opportunities arising from market consolidation and a closer alignment with the sustainable development agenda. Key topics and confirmed speakers include: The role of insurance as a risk manager in society Lise Kingo, Executive Director Global Compact, United Nations examines the findings of the “Insurance 2030” UN report. In order to provide universal access to insurance and prevent the uninsured from the impact of climate change and natural disasters, is there a need to establish Insurance Development Goals, in line with the UN’s SDGs? New opportunities through consolidation Bart de Smet, Chief Executive Officer, Ageas examines how western insurance companies can continue to grow through joint ventures and contextualises this with Ageas’ experience entering new markets particularly in Asia. Michel Khalaf, President EMEA, Metlife will present the company’s strategy for thriving in the Middle East and Africa. The evolution of risk through technology From the rapid spread of the Internet of Everything through to the Internet of Things and the rise of smart cities, driverless cars, and artificial intelligence, Maurice Tulloch, Chairman, Aviva Global General Insurance and Chief Executive Officer, Aviva UK and Florian Herzog, Chief Engineer and Founder, swissQuant will elaborate on what priorities should the insurance sector have in order to remain relevant and connected to its clients in a technological world? Who should attend: • Directors and senior business decision-makers responsible for business strategy, development, risk management, regulation, legal and marketing (COO, CTO, CRO) • Economists • Investment advisors • Insurance specialists/intermediaries • Fund Managers • Actuaries/Accountants/Auditors From industries including: General Insurance and Re-Insurance, Insurance Brokers, Life, Medical Insurance and Healthcare cover, Loss Adjusters & Claims Service providers, Specialists/intermediaries(accountants, actuaries, consultants, lawyers and software providers, Government and Regulators, policy makers, professional associations, academia, media Why attend the Insurance Summit 2016? • Learn about new growth prospects, where to find them and how to close the global protection gap • Challenge the adequacy of current business models and discover what the insurance company of the future looks like • Explore the opportunities consolidation offers and whether it will drive expansion into new markets • Gain insights on disruptive technologies that will transform the insurance industry • Discuss how to tackle climate change, foster sustainable development and the industry's relevance for these global endeavours Insurtech News subcribers are entitled to a 20% discount on the delegate registration fee of £995 + VAT. Contact me today for your booking code. Contact: Laurence Allen, Marketing Manager Email: laurenceallen@economist.com Tel: 0044 (0) 207 576 8118 About Economist Events: Economist Events gather the world’s top thinkers to build insight and exchange views on the issues that define our world. With a uniquely global perspective, we create over 100 unusually high level and engaging live and virtual events each year. Our aim is to bring clarity to complex problems, inspire ideas and to help our audiences make better decisions.
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®.