Sent on July 26, 2017

News
Insurtech investment nears $1 billion in Q2
26 JUL 2017 | Funding from insurers, venture capitalists and other firms in the insurtech industry reached $985 million in the second quarter of 2017, according to Willis Towers Watson and CB Insights’ quarterly Insurtech Briefing. That’s up from $283 million last quarter and $398 million in the same period last year.
InsurTech Futures: CDL set to launch chatbot solution
25 JUL 2017 | New offering to help brokers interact with customers through digital channels. CDL has unveiled a new InsurTech development, which includes a conversational style chat interface. The software house stated that the solution, known as Jay, was “inspired by the chatbot revolution” and will enable customers to generate car and home insurance quotes through an interface on their mobile devices.
InsurTech Futures: Biba launches claims app
25 JUL 2017 | Trade body teams up with Insure Apps on new InsurTech offering with aim to reduce claims reporting time and costs. The British Insurance Brokers’ Association (Biba) has launched a smartphone app facility with Insure Apps which it said can reduce the average claims reporting time of 23 days by up to 90 percent.
Metromile Debuts First-of-its-Kind Automated Claims System
25 JUL 2017 | Filing a car insurance claim has traditionally been slow and complicated, given the highly manual processes required to collect details and issue payment. Metromile, the leader in pay-per-mile car insurance in the U.S., is revolutionizing the claims experience with the launch of its automated system powered by their new AI smart claims assistant, AVA.
InsurTech Futures: Risk v Reward – how brokers can get the most from InsurTech
24 JUL 2017 | The insurance sector is increasingly receptive to the possibilities of InsurTech. Telematics, wearables, apps and open APIs are promising to drive faster sales, enhance customer relationships and improve user experiences. In the back office regulatory compliance, cloud, blockchain, AI and robotic process automation technologies are revolutionising internal systems and processes.
Malaysian insurtech startup PolicyStreet wins Seedstars Kuala Lumpur
24 JUL 2017 | Malaysia-based insurtech startup PolicyStreet has beat seven startups to win the best startup award at this year’s Seedstars Kuala Lumpur. The startups pitched to a panel of judges consisting of Hassan Alsagoff from Mountain Partners Malaysia, Mohd Ridzwan Nordin from Khazanah, Joseph de Leon from Gravitas Prime, Juliana Jan from Cradle, Rebecca Kux from 500 Startups, and Rosie Keller from Seedstars.
WHY YOU NEED AI SOLUTIONS TO STAY COMPETITIVE.Spiros margaris, Fintech and AI influencer
21 JUL 2017 | One of my recent investment involvements, as I mentioned before, is in the U.S., and it is the insurtech startup InsureScan.net. What I love about this insurtech company is that the CEO and founder, Mark Chappel, has put together a great team of very experienced insurance and tech people, and they have a great digital insurance proposition.
Insurtech threatens more than half of global insurers – survey
21 JUL 2017 | More than half of global insurers estimate that around 20% of their turnover is threatened by insurtech, according to a new study by PwC. However, insurers are getting better about being proactive in the face of the threat; 45% of them have formed a partnership with an insurtech company.
July 2017 - Future of Insurance
21 JUL 2017 | IN THE age of the fourth industrial revolution, risks are changing. The advent of technology has made digital assets more valuable than physical ones. In this scenario, the insurance sector has been increasingly left to deal with technological change and disruption and is having to reconsider the way it defines itself.
GIG ECONOMY Zego Raises Over £1M In Funding To Provide Insurance Platform For Gig-Economy Drivers
20 JUL 2017 | Startup Zego has raised just over £1 million in seed funding from investors, including LocalGlobe, with FTSE 100 company Aviva, for an “insurtech” product for gig economy delivery drivers. According to Tech Crunch, while companies like Uber and Deliveroo are getting bigger, the issue of insuring all of their drivers , or the workers finding insurance for themselves, has become a pressing issue.
Plug and Play Insurtech Signs Its 50th Partner
20 JUL 2017 | Plug and Play Insurtech continues expansion of its innovation startup platform, signing its 50th participant only a year after opening its doors for business. Arch Insurance Group Inc., based in New Jersey, signs as its 50th participant shortly after it's 45th partner joined the program in May.
Podcast: Reaching The Underserved - The Microensure Story
19 JUL 2017 | Technology has a major role to play in opening up access to financial services to the underserved across the globe. With the emergence of InsurTech, more will undoubtedly be given the opportunity to protect themselves against risk. We caught up with one pioneer bringing insurance products to the underserved in emerging markets, Richard Leftley, whose Microensure now boasts close to 55 million customers.
Allianz Forms Online Aircraft Insurance Partnership with Insurtech Firm Visicover
19 JUL 2017 | Allianz Global Corporate & Specialty (AGCS) announced it has formed a partnership agreement with insurtech company, Visicover. Visicover’s existing and new aeroplane and helicopter insurance products now will be underwritten by AGCS, which also will provide claims management services.
Insights
21 financial AI startups that will shake up the fintech and insurtech industries
18 JUL 2017 | According to Venture Scanner, who are tracking over 1866 Artificial Intelligence companies across 70 countries, the total amount funding raised by the AI industry has reached a total of $17.6 Billion. MEDICI Top 21 – AI has the objective of selecting and showcasing the most innovative AI startups disrupting the financial services industry worldwide, all with a market capitalization lower than USD 400M.Over 300+ companies have been analyzed and, after rigorous screening & evaluation, the LTP team announced the Top 21 Winners – across three regions: EMEA, APAC, and the Americas.
Recent Surveys by Research Firms indicate a Strong inclination toward Usage-Based Insurance
13 JUL 2017 | The trend of car-pooling, ride-sharing, and telematics has caused a paradigm shift in the usage-based insurance (UBI) industry. Accurate and real-time data collection, low fuel consumption, and flexible insurance premiums create an upsurge in the industry. Moreover, technological advancements and low possibilities of accident & vehicle theft have driven customers to look into it. As insurance costs are based on driving habits including speed, time of delay, miles driven, and others, drivers who opt for UBI can save money by saving amount of premium.
Agenda
ACORD INSURANCE INNOVATION CHALLENGE LONDON SEMI-FINALS APPLICATIONS OPEN
05 SEP 2017 | ACORD is now accepting applications for its ACORD Insurance Innovation Challenge (AIIC) semi-finals which will be held in London on September 5, 2017. The AIIC is the world's premier event for innovation in insurance technology. It brings together insurance companies of all sizes and across all lines of business, investors and venture capital partners, technology startups, and industry innovators. It is an opportunity to be a part of a collaborative effort to transform the way the insurance industry does business, interacts with new policyholders and partners, crafts the next-gen customer experience, and ensures a prosperous future. The London semi-final event will lead up to the international finals scheduled to be held in conjunction with ACORD2017 October 24-26, 2017 at the Marriott Copley Place in Boston, Massachusetts. The AIIC will be giving away prizes valued up to $300,000, including a cash prize of $25,000 for the Startup Disruptor finals winner. Semi-finals winners will receive cash prizes on top of being invited to ACORD2017. The deadline to apply is July 28, 2017.
THE MAGIC OF INNOVATION: INSURANCE INNOVATION DAY 2017
20 SEP 2017 | Vienna | Join Insurance Innovation Day to see the latest trends from the sector and become an Insider. Are you working in a future-oriented company? Do you have amazing products or services? Do you like Insurance? If you answered the 3 questions with Yes, you are definitely suitable for our Innovation Day. Our ORF & Event Moderator Julia Schutze will lead us throughout the day. We have developed an interesting event concept for you.

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