Sent on June 29, 2016

News
Munich Re, IBHS Launch Tablet App for Homeowners
29 JUN 2016 | Munich Re, US, has partnered with the Insurance Institute for Business & Home Safety (IBHS) to launch a new tablet app designed to help property owners build stronger homes to protect against severe weather and natural disasters. The application, FORTIFIED Home On the Go, walks homeowners, contractors and architects through the home strengthening process. Both videos and animations are used to provide information on technical specifications for building and retrofitting single-family households. Instructions provided in the app are based on IBHS’ FORTIFIED Home program.
Why Singapore Is The Perfect Location For Insurance Innovation And InsurTech Startups
28 JUN 2016 | What is the best way to drive innovation in insurance? In the last post, we’ve scratched the surface around the various corporate innovation models that exist in insurance industry. In the nutshell, the conclusion that we’ve arrived at is that collaboration with startups is the secret sauce for most innovative corporates. Furthermore, a combination of innovation models is needed to achieve the maximum impact.
Brexit and the P&C insurance industry: What’s next?
27 JUN 2016 | In a historic vote on June 24, the U.K. electorate voted to leave the European Union by a narrow margin: 51.9% to 48.1%. The immediate result is that Prime Minister David Cameron plans to resign, and financial markets around the world are jittery. The longer-term effects of the vote are unknown at this point. It’s likely to take several years for the United Kingdom to repeal EU legislation and regulations, and there are several treaties to take into account as the process moves forward.
How new tech can improve the loan process
27 JUN 2016 | Anyone who keeps up with the stock market is likely aware that Lending Club is in hot water. Anyone with professional lending experience is likely unphased by this. Peer-to-peer lending bypasses the regulations to which traditional lenders must adhere, which is why the concept took off during the 2008 recession, when lots of Americans were looking for loans that traditional lenders could no longer approve. So for Lending Club to oust its founder and chief executive Renaud Laplanche because of loan irregularities and lack of disclosure on a personal investment isn’t terribly surprising.
The Insurance Revolution: how insurtech is changing the face of my industry
24 JUN 2016 | When you consider the cutting edge of technology – the Internet of Things, drones, or telematics, for example – all these things have been quietly pioneered by insurers already to provide personalised products and services, years ahead of other sectors. Quite surprisingly, you might say that insurance is very much at the forefront of the fintech wave when it comes to responding to external factors.
Uber, Daimler, BlaBlaCar…where does the future of mobility lie?
24 JUN 2016 | One of the main topics of conversation during the NOAH Conference, which took place in Berlin on 8 - 9 June, was the future of mobility, given the on-demand transportation revolution and the much-heralded advent of the self-driving car.
In Insurtech, Partnership Will Override Disruption
23 JUN 2016 | The predominant approach will be one in which startups coexist with, not replace, insurers.
Insurtech Startup Simplesurance Receives Minority Investment from Allianz Group
23 JUN 2016 | simplesurance, a Berlin, Germany-based insurtech startup, received a minority investment from Allianz Group. The amount of the deal was not disclosed. Under the terms of the agreement, simplesurance will now distribute Allianz insurance products in 28 European countries via customer portals like Schutzklick.de in Germany as well as some 1,500 online shops. Established in 2012 by Robin von Hein, CEO, Joachim von Bonin, CFO, Ismail Asci, CTO and also led by Manuel Kester, COO, simplesurance has developed software that enables customers to buy products online and purchase corresponding insurance coverage in a few steps and paperless.
June Insurtech Spotlight: 8 More Startups
23 JUN 2016 | According to PwC’s March report, “InsurTech: A golden opportunity for insurers to innovate,” one in five insurers is “engage[d] in joint partnerships with fintech companies.” INN continues to monitor the latest entrants to the insurtech market – read on for the June update.
Insurtech boom will reshape the global insurance market
22 JUN 2016 | Global investment in financial technology, fintech, continues to soar and insurance is emerging as its next big target market. Investors around the world poured US$22.3 billion into fintech deals last year – a 75 percent leap from 2014. Insurance technology, insurtech, attracted around $2.6 billion of this outlay. This is still a small slice of total fintech spending but it’s a big step up from the previous year’s $800 million. And spending on insurtech looks set to surge.
Insights
AIG & Zurich on Machine Learning in Insurance
22 JUN 2016 | The insurance industry has always used analytics and insights as a key competitive advantage, and there have been significant advances in growing analytics capabilities in recent years. However - analytics is set to take a huge leap forward. Machine learning and artificial intelligence has the potential to completely transform an entire insurance organization, but where and how can machine learning be practically applied by insurers? And is it worth it?
Timetric IIC survey: D2C channel set to be top performer in UK insurance market
17 JUN 2016 | The direct to consumer channel is set to outpace IFAs and brokers, agents and bancassurance in terms of growth over the next year in the UK insurance market, according to a survey by Timetric's Insurance Intelligence Center (IIC). The global industry survey was conducted in March 2016 by Timetric's IIC team. They surveyed around 120 industry experts across the world. Participants' expertise covered all market segments: non-life, life, personal accident and health, and reinsurance.
Agenda
Insurance Telematics '16 - Olympia Grand London
28 JUN 2016 | 28-30 June, London Olympia: Insurtech News is pleased to partner with Informa’s Insurance Telematics ‘16 event that is focus on how to unlock embedded telematics data to define connected insurance strategies. The event will provide insurance leaders with key access to a wide range of vehicle and original equipment manufacturers, with a focus on forming and developing the relationships needed to drive success providing the next generation of UBI products. Insurtech news subscribers can save 10% from the conference and exhibition fee by quoting code I95TJITN upon registration. For more information, please visit the event website.
2nd Annual Insurance Fraud EU
30 JUN 2016 | Technology is both the number one enabler and disabler of modern fraud. While digital business provides companies with an enormous competitive edge it also opens up a Pandora’s Box of opportunities for criminals to enter your organisation. We’re in a data rich age now, but the difficulty is navigating the data in a way that creates actionable insights. At the Insurance Fraud EU summit we’ll show you how to master your data and evolve your business ahead of digital threats and craft a truly proactive approach to fighting fraud.