Sent on May 04, 2016

InsureTech Startups Must Realize They Can't Disrupt Regulation
04 MAY 2016 | The year 2015 marked a substantial shift in insurance: in one year alone, investment in insurance tech reached $2.65 billion. This number encapsulates the immense growth happening in the start-up arena for insurance technology. Companies such as Next, CoverWallet, Lemonade and Zenefits are just a few that have sprung up to disrupt the insurance industry in new and unproven ways.
Insurtech futures: customers demanding “digital first”
04 MAY 2016 | A European-wide study by Fujitsu has highlighted the shift in consumer interaction with their banks and insurers as 'digital-first' demand continues. According to the 7,000 consumers surveyed, digital plays an increasingly prominent part in their banking and insurance interactions, with more than a third (37 percent) threatening to leave their provider if they don't offer up-to-date technology.
Insurance IoT Report
03 MAY 2016 | IoT is not a single application technology however and its benefits can clearly be seen in other areas. Respondents demonstrated that they value its use in risk-based pricing (22.1%) and the creation of value-added services (19.8%). The latter is particularly important when one of the sectors greatest current concerns is the ability to keep customers engaged throughout their lifecycles and not just at the points of renewal and claim. Few (4.9%) believed that IoT, despite its reputation in telematics for example as a big brother, with black box technology, would be of great value in fraud detection.
Insurance tech start-up investment surges
02 MAY 2016 | Investment in insurance tech start-ups more than tripled last year as a previously sleepy corner of the market begins to draw a surge of interest. While areas of fintech such as payments have boomed in recent years, so-called insurtech has been slower to develop.
The 3rd Wave of P2P Insurance
02 MAY 2016 | The P2P insurance model promises to change the conflict dynamic between insured and the insurer. From Friendsurance to Guevara and the eagerly anticipated Lemonade, P2P insurance has already evolved two generations in six years. Now, we see the emergence of the next generation of P2P insurance; the self-governing model. People-to-People Insurance The jury may be out on the [...]
So Your Startup Wants to Sell Insurance?
29 APR 2016 | Selling insurance is complicated. Not impenetrable, but complicated. The sales process is sort of like a tangled piece of string— it’s easy to see the beginning and end, but hard to figure out what’s happening in the middle. When you start untangling, you’ll find prospect lists, telemarketing, direct mail, traditional marketing, and web-based lead generators uncovering and enticing potential customers.
Would you give up data privacy for better insurance?
29 APR 2016 | #FinTech and or #Insutech are flooding the market, many designing their own road map and a few partnering with global insurers in their innovation/incubation labs. It is the reality, the present! A connected ecosystem of “old” and “new” is (e)merging, founded in an insurance driven technological framework, that will change insurance activity forever.
Amazon now sells its own-brand product protection insurance
28 APR 2016 | Amazon is offering some shoppers “peace of mind” with a new own-brand insurance product to protect against damage and theft. With Amazon Protect, the Internet giant lets you add to the manufacturer’s existing guarantee, which typically only lasts two years. When buying appliances such as washing machines, mobile phones, tablets, TVs, kitchen appliances, and more, shoppers will now be asked if they want to add Amazon Protect coverage to their shopping basket at the checkout.
Wearable Tech, Automated Vehicles Dominate Insurance Horizon
28 APR 2016 | Imagine sitting at your desk writing a quote for an insurance policy and suddenly the lapel of your coat begins angrily buzzing, snapping you out of a daze and causing you to quickly straighten up and become alert. The midday slump is in danger of becoming extinct.
Cyber insurers welcome new EU data protection rules
28 APR 2016 | Cyber insurers today welcomed tough new European rules on data protection and privacy, which they expect to boost demand for insurance cover. On April 14 the European parliament voted through the rules aimed at boosting privacy and giving authorities greater powers to take action against companies that breach the rules. Insurers say the new rules, described by some as "groundbreaking", will raise awareness of the need for cyber risk cover among European companies.
Forget Apps, Messaging Bots Are What's Hot Right Now
27 APR 2016 | The robots are coming – to help run your life or sell you stuff – at an online texting service near you. In coming months, users of Facebook’s Messenger app, Microsoft’s Skype and Canada’s Kik can expect to find new automated assistants offering information and services at a variety of businesses. These messaging “chatbots” are basically software that can conduct human-like conversation and do simple jobs once reserved for people. Google and other companies are reportedly working on similar ideas.
UBI should be an easy sell on its own merits
27 APR 2016 | Insurers need to recognise the power of UBI as a service and stop assuming it should be discounted. That’s the opinion of Amodo’s CEO, Marijan Mumdziev, who sees growth potential for the technology based on wider customer demand for tailored telematics services. Speaking to TU-Automotive, Mumdziev admitted that many in the insurance industry have been disappointed by the poor penetration of UBI in the European markets but can be blamed on the marketing of the technology to prospective customers.
Data and analytics in the fight against fraud with QBE Insurance
20 APR 2016 | FC Business Intelligence recently got in touch with Rob Smith-Wright, SIU Claims Manager at QBE Insurance to hear how they’re using data and analytics in the fight against fraud. This is your chance to get clued up on how one of the world’s foremost insurers is utilising analytics to hunt down the fraudsters that target your organisation.
The Three Pillars of Connected Insurance
15 APR 2016 | Being connected has become the talk of the town, and insurance companies are surely one of the main interested parties in this discussion, some of them being actual promoters of change and innovation. Traditional players will have a tougher time adapting to the new paradigm, but my view is that they will have to adjust in the long term to the new rules of the game if they want to stay competitive. Consumers are becoming more and more connected whether it is at home, at work, behind the wheel, when they engage in sports and leisure activities, and so on. This is happening quite fast, due to the adoption of smart devices, and companies have to be able to react accordingly in order to maximize value both for their clients and for themselves. The surrounding environment is becoming smart and is being incorporated in the connected ecosystem, thus creating new opportunities for insurance companies, opportunities which must be managed appropriately in order to maximize value. Here big data analytics play a huge role, as the quantity of collected data & variables is getting higher and higher. To be precise, the discussion focuses on how companies will be able to read the data in order to identify patterns and optimize their business models by controlling loss, perfecting risk assessment and prevention etc.
FinTechStage - 5th May 2016
05 MAY 2016 | FinTechStage is a conference with an unconventional format that brings together a unique network of innovators obsessed with driving entrepreneurship and investment in Fin Tech. The goal is to connect three communities such as FinTech startups, investors and financial institutions at the aim to foster the innovation and the collaboration among all the international players in the sector. FinTechStage, founded at the beginning of 2015 by Lazaro Campos and Matteo Rizzi, became quickly a landmark in the FinTech field and it was organised in 4 different countries around the world (Italy, Spain, Argentina and Luxembourg) involving more than 100 top influencers and over 1200 attendees.
Telematics Berlin 2016
17 MAY 2016 | Europe's Leading Connected Car Data Event - Steering Innovation from Dashboard to Boardroom Using the 'Silicon Valley of Europe' as its hub, Telematics Berlin brings together key industry innovators, leading OEMs and other important players from across the automotive value chain to discuss the current and future effects of data in the connected car. In short, for all your car data questions - Telematics Berlin is THE must attend events.