InsurTech UK announces latest members
March 07, 2019. FSTech
Insurtech UK, the industry’s new association, has revealed its latest associate members and partners. This body’s core membership now stands at more than 40 InsurTech industry stakeholders, with Lloyd’s of London, Hiscox, Holloway Friendly and Bascule all named as associate members ahead of a formalising its association status in the coming months.
InsurTech: the top five legal issues to consider
February 27, 2019. JDSUPRA
The insurance market is changing rapidly, driven by shifting customer expectations and technology progress. IoT and connected devices are transforming the industry, for example with the increasing use of telematics for motor insurance, wearable technologies and m-health apps for health insurance, and smart appliances and devices for home insurance.
InsurTech investment drops in 2018
February 18, 2019. Verdict
InsurTech investment in 2018 totalled $5.7bn, compared to $10.3bn in the previous year. While this is a massive drop in value, the number of InsurTech deals stayed relatively stable, dropping from 258 to 242.
In America, InsurTech is big business: KPMG
February 15, 2019. Digital Insurance
As a segment of the larger FinTech revolution, the InsurTech phenomenon is truly global. But it’s in the U.S. where it really shines, according to KPMG.
InsurTech funding surges in 2018 as key players expand: Deutsche Bank
February 08, 2019. Reinsurance
Insurtech investment volumes increased by more than 60% between 2017 and 2018, while key players such as Lemonade and Amazon also expanded their operations over the year, according to analysts at Deutsche Bank.
InsurTech reveals “Netflix for insurance” renter’s policy
February 06, 2019. Insurance Times
It believes that renters are the most under-served market in insurance. Home insurance insurtech, Urban Jungle has revealed a new £5 monthly fixed-rate renter’s insurance product, which it described as the “Netflix for insurance.”
2019 will be all about FinTech, HealthTech, InsurTech, IoT
February 05, 2019. Venture Burn
This year promises to be an exciting one ahead for SA startups and those in the startup scene — with lots expected from sectors like FinTech, HealthTech, Internet of Things (IoT) and South Africa’s VC market.
Predicting the Future of InsurTech
February 04, 2019. Insurance Though
InsurTech came into its own in 2018. We saw insurtech startups successfully funded or acquired and established insurtech companies beginning to actually compete with legacy insurers.
Six InsurTech start-ups to watch in 2019
January 29, 2019. Post Online
As Post gears up to launch the 2019 Insurtech 100 listing in association with Tallt, Post content director Jonathan Swift highlights six businesses that will hope to be featured in forthcoming rankings.
InsurTech in 2019: 4 questions whose answers will show the way
January 23, 2019. Digital Insurance
The past few years have seen feverish growth in visibility of insurance’s digital transformation. But as the movement gains in maturity, what’s next? I looked at a range of predictions to see if a roadmap is emerging for the direction of the industry.
Is the InsurTech Wave Hitting a Riptide?
January 22, 2019. Insurance Thought Leadership
The riptide analogy generates a powerful image of a turbulent sea, where the strong finally reach the shore, but the weak that succumb to the powerful currents are pulled back out to the sea. The InsurTech world is experiencing a similar struggle.
3 InsurTech Trends Accelerating in 2019
January 18, 2019. Insurance Thought Leadership
2018 was a breakout year for InsurTech companies, as the insurance industry has been long overdue for innovation and disruption. The year attracted both talent and funding to the industry.
Incumbent Insurers and InsurTech, Part 1: Partners in Time
January 17, 2019. Market Screener
The past 36 months in insurance make an excellent case study for university classrooms. How did InsurTech startups first threaten the insurance industry, then inspire the insurance industry and now end up as mentors, students and partners with the insurance industry?
8 Key InsurTech Trends for 2019
January 16, 2019. Insurance Thought Leadership
The industry used to be a tech laggard. No more. Though there’s still much work to be done, most insurers are now better-positioned to capitalize on their investment in technology.
How to cancel InsurTech Noise
January 09, 2019. Claims Journal
Insurtech, the buzzword of the insurance industry, has been impossible to avoid, appearing in email inboxes and at conferences virtually non-stop.
Trends in InsurTech 2019
January 09, 2019. Times
Several relevant technologies and trends in the field are creating a real revolution in the insurance field. The aim of these changes is to make the process of purchasing products and services more convenient, cheaper and smarter.
Learning by Doing and Undoing: InsurTech Pilots and Pivots
January 04, 2019. Insurance Journal
InsurTechs are great for the industry because it needs to change to be competitive, but InsurTechs are only going to be able to help change the industry if they themselves make money.
Global economy has become less resilient, but InsurTech can help: Swiss Re
January 04, 2019. Reinsurance
The global economy has become less resilient to shocks in the ten years following the financial crisis, but new public-private partnerships, in combination with the use and development of new technological capabilities, can help to strengthen it, according to reinsurance giant Swiss Re.
InsurTech no “silver bullet”
January 02, 2019. Insurance Business Magezine
InsurTech may have the capacity to improve countless facets within the insurance space but it’s certainly not risk-free. Now one senior figure says serious thought must be put into the development and implementation of any new technology.
5 InsurTech Questions for 2019
December 24, 2018. Think Advisor
The return of investment market volatility could make 2019 a year when what life and annuity issuers really want out of information technology is stability. When the environment is calm, insurers may dream of fancy tech worlds of tomorrow.
Quarterly InsurTech Briefing Q3 2018
December 20, 2018. Willis Tower Watson
Start-Up Company Profiles explores how a handful of new entrants are taking unique approaches to incorporate technology in order to address inefficiencies or coverage gaps within the existing insurance ecosystem, and how they are also using data (third-party and proprietary), advanced sensors and Internet of Things (IoT) capabilities to develop a new paradigm of insurance offerings for the connected world.
How Technology Is Expanding The InsurTech Landscape
December 17, 2018. Forbes
The insurance sector has a longstanding reputation for being resistant to change. Who can blame those who work in this industry? Avoiding risk is in their DNA.
Top 100 InsurTech: Quarter four update
December 13, 2018. Post Online
It’s time for the final 2018 update on the Insurtech 100, the global index compiled for Post by Tällt Ventures. Here founder and CEO Matt Connolly rounds up the latest investment and partnership news.
Incumbents may be falling behind in the InsurTech race
December 11, 2018. Intelligent Insurer
As money continues to pour into insurtech ventures, there is evidence that only the big, global technology players and true venture capital firms have pockets deep enough to precipitate true disruption in the insurance space. Simon Hayes investigates where this will leave the incumbent players.
Commercial InsurTech is like an exclusive club — and Google and Amazon aren’t invited
December 05, 2018. Techcrunch
Tech companies and VCs in the insurance space have probably read many of the news articles about Amazon and Google entering insurance. Given their nearly unlimited resources, this may be intimidating to some in the industry.
10 InsurTech predictions for 2019: XL Innovate
December 06, 2018. Digin
It’s been another big year for InsurTech, with venture funding surpassing 2017 levels, the first unicorns outside of health insurance, and incumbent carriers doubling down on new technologies and solutions.
Biggest changes for InsurTech for 2019
December 04, 2018. Digital Journal
2018 saw a series of changes shaking up the insurance sector and the level of innovation and associated disruption looks set to continue into 2019. These include greater collaboration with big firms, blockchain and AI.
Hong Kong puts InsurTech on fast track
December 03, 2018. Bankingtech
Hong Kong is issuing the first licence for an online-only firm next month, as it ups its FinTech game. Clement Cheung, CEO of Hong Kong’s Insurance Authority (HKIA), told Reuters it is planning to issue its first licence next month as a result of its fast-track system.
What Insurers Want and Get from InsurTech Partnerships
November 29, 2018. Insurance Journal
Remember the scene in the 1989 movie When Harry Met Sally? During lunch with Harry at a deli, Sally very publicly fakes a wild orgasm. A nearby patron, when asked what she’d like to order, signals in Sally’s direction and tells the waitress, “I’ll have what she’s having.”
InsurTech: Revolution, Evolution or Hype?
November 28, 2018. Insurance Thought Leadership
Artificial Intelligence (AI), machine learning, the Internet of Things (IoT), blockchain, robotics, quantum computing — the terminology of technology is staggering enough, let alone understanding what it is and how to use it.
3,000 job vacancies loom as Hong Kong’s InsurTech scene booms
November 27, 2018. Hongkong Business
As InsurTech startups sprout and thrive in Hong Kong, the demand for tech talent and risk managers is outpacing the supply of such employees, according to a report by recruitment agency Hays.