Sent on August 16, 2017

News
Aioi Nissay rolls out telematics offering for fleet drivers
16 AUG 2017 | Aioi Nissay Dowa Insurance has deployed Cambridge Mobile Telematics’ new DriveWell Fleet program to improve the safety of commercial drivers and reduce claims, the companies announced.
American Family sees potential in IoT, data science insurtechs
16 AUG 2017 | At American Family Ventures, we have invested in more than 40 early- and later-stage companies since November 2010. We seek standard or “market” venture capital terms in our deals. Additionally, we believe that the relationships between our company and startup firms should be mutually beneficial.
How AIG moved commercial claims to the cloud
15 AUG 2017 | With costly, out-of-date legacy mainframes in need of upgrade, AIG's commercial arm turned to Amazon's Web Services to bring the carrier’s commercial claims operations to the cloud. The agreement, announced Jan. 17, also reduces AIG’s IT capital spending and turnaround time on new products, Jim Gouin, CIO of Americas and global claims for the carrier, said at Amazon Web Services' Summit in New York Monday
UBI Has Failed, but Telematics…Wow!
15 AUG 2017 | Insurance telematics has been out there for more than 20 years. Many insurers have tried to play with the technology, but few have succeeded in using the data available from connected telematics devices. The potential of this technology was misunderstood, and best practices have remained almost unknown, as it was not common in the insurance sector to look for innovation in other geographies, such as Italy, where progress has been made.
Drones Could Help Make Insurance ‘Cool’ and Save the Industry From Disaster
14 AUG 2017 | The insurance industry is seen by many as being uncool, even boring. This is more than just an image problem, because failure to attract a millennial workforce means that by the end of this decade, there are expected to be around 400,000 unfilled positions within the industry. One of the world’s oldest industries is slow to modernize, but drones could change all that.
BillTrim Says It Can Save You $450 on Your Car Insurance
14 AUG 2017 | The one-year-old Mountain View-startup is on a mission to make sure one never overpays for services such as: cable, phone, electricity, internet, gym, and auto-slash-home-slash-health insurance. It earns 25% of what it saves the customer. Here’s how it works: user signs in with facebook and uploads her bills...
How AI Will Transform Insurance Claims
14 AUG 2017 | If you’re like most people, calling an insurance company isn’t among your favorite activities. That’s because the insurance industry is one of the least innovative areas for customer experience. Customers typically come away from their interactions dissatisfied. However, things are definitely changing, and artificial intelligence is playing a large role.
Rewarding mobile phone owners helps drive good behaviour
11 AUG 2017 | The success of a mobile app that rewards drivers for safer driving rather than shocking them into behaving properly through hard-hitting ad campaigns, shows that tech platforms which help consumers do something positive can help change behaviour.
Get check-in reminders, buy travel insurance with SATS’ new worldwide travel app
11 AUG 2017 | SATS announced on Friday (Aug 11) the launch of a travel concierge on a mobile app targeting the fast-growing millennial traveller segment in Asia, as the airport services and inflight catering company ups the ante on digitally connecting passengers at airports where it operates and markets its own suite of services, such as airport lounges.
Alternative to Insurtech or Legacy Tech for Small Commercial: Introducing QBE, Arrowhead Partnership
10 AUG 2017 | When it was announced in June that San Diego, Calif.-based Arrowhead General Insurance Agency Inc. was selected as the program administrator for QBE North America‘s small commercial insurance portfolio, it immediately raised one big question.
Hamilton Insurance Group to Be Lead Sponsor of GR Innovation & Insurtech Conference
10 AUG 2017 | Hamilton Insurance Group ("Hamilton"), the Bermuda-based holding company for property and casualty insurance and reinsurance operations in Bermuda, the US and at Lloyd's, today announced that it will be Lead Sponsor of a new conference focused on disruptive technology and its effect on the evolution of the insurance and reinsurance markets.
Insights
Insurtech is reshaping the industry to the core: where are carriers’ investments increasing the most?
14 AUG 2017 | Insurance Nexus set out to investigate the global state of insurance: from the latest tech trends to regional opportunities. After 50 interviews with the industry’s leading commentators and a wide-ranging international survey with over 1000 respondents the Global Trend Map aims to capture information about the megatrends at work in today’s insurance industry: Low Interest Rates and Soft Market Conditions, the Complexification of Risk and the clarion call for Customer-Centricity. 'Technological advancement' is by far the greatest overall external challenge, followed by 'Changing customer expectations' and 'Digital channel capabilities'.
InsurTech sector quarterly update, Q3 July 2017
02 AUG 2017 | From April through June 2017 there were $655 million of investments, 50% more than the previous quarter (January through March) when insurtech startups raised $417 million. The following categories have raised the most funding in the past 90 days: Health and Travel Insurance raised $313.72M, Auto Insurance raised $159M, while Insurance Comparison/Marketplace raised $73.52M. The three insurtech categories with the highest amount of investments so far are: Health and Travel with $9.6B; Life, Home & P&C with $7.01B and Automotive with $6.77B.
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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