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.
InsurTech deal values reach $2.6bn in 2018
November 21, 2018. FS Tech
Global fundraising for InsurTech startups during 2018 has already reached an all-time high in volume, with 204 deals and transaction values of $2.6 billion, close to the 2015 peak of $2.7 billion.
How InsurTech Changes Credit Risk
November 16, 2018. Insurance Thought Leadership
Risk management activities of insurance companies are mainly based on three risk types: whole portfolio, supplementary and others. In “others,” two risk types — operational risk and credit risk — stand out with their financial impacts and frequencies.
South Korea’s InsurTech Industry Lacks Growth Due to Regulations
November 12, 2018. ET News
Global insurance companies provide InsurTech services that recommend which exercises and food a person needs and send accurate and personal health analysis and recommendations in real-time to their customers. These global companies are starting to apply InsurTech to various accident preventive programs.
Entering InsurTech phase 2.0
November 09, 2018. Insurance Business Magezine
The InsurTech landscape has been a whirlwind of activity in the past few years. Phase one of the InsurTech evolution saw technology trailblazers sweep into the insurance industry en masse trying to capitalize on points where customer friction and large profit pools intersect.
Why The Next InsurTech Unicorns Are Going to Come From Asia
November 06, 2018. FinTech News
We thought 2018 was going to become the year of the blockchain, and while the ledger is still a hot-button topic, the relatively older InsurTech scene has risen to the top of the fintech pile thanks to a 2017 boost. It has not stopped since, and in fact, it has been said that Asia could actually be a strong InsurTech pillar, in large parts thanks to China.
InsurTech ‘is a long-term bet’
October 28, 2018. Intelligent Insurer
The impact of InsurTech on the reinsurance industry could be limited in the short term—but that does not mean that investments made now will not bear fruit in the future, Jean-Paul Conoscente, chief executive officer of P&C’s US operation and P&C’s reinsurance business unit, SCOR, told PCI Today.
What do new entrants say about InsurTech value?
October 26, 2018. Dig In
New entrants seem to be coming out of the woodwork in insurance. And it is not necessarily a bad thing. The InsurTech movement, the advance of emerging technologies, and the appetite of the global tech titans are all contributing to new entrants, new partnerships, and new business models.
Brokers enjoying an InsurTech boom – and there’s more room for growth
October 24, 2018. Insurance Business Magezine
There’s no question that the opportunities in InsurTech are growing, and incumbents in the insurance industry are taking note. Brokers and carriers are benefiting from solutions that simplify everyday workflows as technology companies continuously work on their offerings to solve pain points for insurance professionals.
InsurTech disruption could become a ‘black swan’ event: JLT’s Flandro
October 15, 2018. Intelligent Insurer
The speed at which technology is transforming the insurance industry means it could become a so-called black swan event for the industry – as opposed to technology being gradually implemented by the industry in an orderly way.
Women InsurTech founders tackle unconscious bias
October 15, 2018. Digital Insurance
The InsurTech phenomenon is currently plowing through the industry, introducing new ways of doing business and upending the status quo. But while the movement promises a renaissance of novel ideas related to the insurance industry, there is a notable absence in the faces behind the revolution: women.