Pay-per-day with Revolut’s new travel insurance way
Product uses a customer’s geolocation to provide medical and dental cover.
Insurance
InsurTech Rising Live: Digital Week
Featuring industry leaders discussing the issues impacting insurtechs today.
Fintech Lab launches insurtech accelerator in Moscow
Nine start-ups primed for action.
Fintech funding round-up: 12 January 2018
Features Ladder, Petal, Fisco, Equitise and Xinja.
Staying ahead of the competition
InsurTech Bytes, the specialist InsurTech podcast series, speak with Allianz about their business strategy.
Insuritas launches i-Insure platform with property and casualty carriers
Insuritas has launched its i-Insure platform with 42 auto and home insurance carriers in the US.
“Don’t Fear the InsurTech Start-ups, Fear Other Incumbents”
In 2027, how will the insurance industry have changed?
Top ten insurtech stories in 2017
Time for a near total recall of the insurance scene in 2017.
Women in FinTech: Lead the digital revolution and know your tech
How can women breaking into the FinTech and InsurTech industry get ahead?
White paper: Empowering Insurance Companies with In-Memory Computing
Along with most industries that rely on technology, the insurance industry faces great challenges and opportunities.
Fintech funding round-up: 19 December 2017
Features Softbank, Lemonade, Amazon, Capital Float and Delio.
Emirates NBD appoints chief digital officer, seeks fintech partnerships
Emirates NBD’s new chief digital officer is on the lookout for partnerships with fintechs.
Singapore insurtech firm Etiqa nets deals with Ministry of Finance and DBS Bank
First insurer to integrate with MyInfo, a digital data vault launched by the GovTech and the Ministry of Finance.
Infographic: insurtech job market
Meta search engine Joblift analysed the UK’s insurtech job market, comparing it to both the traditional insurance industry, and the insurtech market in the UK’s major competitor Germany.
Hartford InsurTech Hub hails hearty start-ups for 2018
Connecticut-based Hartford InsurTech Hub, powered by Startupbootcamp, has unveiled its 2018 cohort of start-ups for its inaugural insurance acceleration programme. The 11 selected firms comprise a mix from sectors such as artificial intelligence (AI), big data analytics and natural language processing (NLP) combined with cybersecurity, smart home and health insurance. According to the hub, over […]
Jirnexu unleashes insurance marketplace in Malaysia
Southeast Asian fintech start-up Jirnexu has been approved by Bank Negara Malaysia (BNM), the nation’s central bank, to compare, sell, process payments, and issue e-policies for insurance products. Jirnexu says it is the first company in the country permitted to sell select general and life insurance products from multiple providers, and the first to build […]
Three crucial questions for insurance’s digital future
Insurance is an industry at a turning point. Few could have predicted that “innovation” would become one of its watchwords, but as the digital revolution spurred on by insurtech gathers pace fundamental changes are beginning to take hold.
First blockchain-based bancassurance network launched in Hong Kong
AIA Hong Kong, a subsidiary of pan-Asian life insurance group AIA, has launched a blockchain solution for bancassurance.
Aegon opts for Wolters Kluwer’s OneSumX for operational risk
Pension, insurance and investment management firm Aegon is replacing its local risk systems with Wolters Kluwer’s OneSumX for operational risk management. Charles Garthwaite, global head of operational and conduct risk at Aegon, says his company needed “a global solution” that could “comprehensively manage Aegon’s requirements”. Following local implementations in the UK and within its asset […]
Case study: Towergate Insurance – achieving “good enough” IT in the cloud
If you’ve worked in information technology long enough, you’ve fallen prey to the urge to pursue technology on the cutting edge or even the bleeding edge.
OCBC Bank in good shape with digital health insurance plan
Singapore’s OCBC Bank has unveiled the purchasing of health insurance plans via its mobile and internet banking channels. The bank says: “Typically, health insurance plans like critical illness, disability, hospitalisation and surgical are not sold via online channels as they require a health check-up to evaluate the applicant’s medical condition. However, with ‘Early Cancer Care’, […]
Map: fintech landscape
A very detailed map of the current fintech landscape, produced by VentureBeat, listing hundreds of companies in the banking, payments, investments, financing, insurance, infrastructure and enabling technologies verticals.
Insurtech Haven Life introduces Facebook chatbot
Haven Life, a US life insurance start-up, is now offering an alternative way to buy life insurance online through its Facebook chatbot.
Top fintech stories this week – 13 October 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Lemonade platform now “open to the world” with API
“We’re opening up the Lemonade platform to the world!” says Shai Wininger, co-founder of Lemonade, a US-based insurtech firm.
Aviva acquires majority stake in Wealthify
UK based insurer Aviva confirms that it’s acquired a majority stake in robo advisor, Wealthify.
Snapsheet and KeyBank form virtual duet for insurance claims
Snapsheet, a virtual claims insurtech provider, is partnering with KeyBank for the launch of Snapsheet Transactions, a payment solution for insurance claims. Instead of insurance carriers sending claimants a cheque in the mail once a claim is settled, Snapsheet Transactions provides carriers a hub for issuing claims and expense payments. CJ Przybyl, president of Snapsheet, […]
UK insurtech start-up Nimbla seeks SME market shake-up
Nimbla, a London-based insurtech start-up, has launched a platform offering UK SMEs credit control and single invoice insurance using cloud accounting, as well as underwriting rules agreed upon by Munich Re’s new business unit Digital Partners. The firm says it is looking to tap into the UK’s SME market that has a reported £5.8 billion […]
European Commission plans reform to get fintech to perform
The European Commission (EC) is proposing reforms to pave the way for further financial integration and a full capital markets union – with a handy boost to fintech included. President Jean-Claude Juncker, in his State of the Union Address, underlined the importance of the capital markets union and the EC’s plan to “promote jobs, growth […]
Ex-Barclays CEO’s start-up gets backing from China’s Ping An
10X Future Technologies, the start-up founded by ex-Barclays CEO Antony Jenkins last year, will announce this week that it has raised more than £30 million in funding from Ping An Insurance and management consulting firm Oliver Wyman, according to Sky News. The deal will speed up 10X’s expansion, and is good news for Jenkins’ ambitions. […]
Startupbootcamp InsurTech seeks storming start-ups
London-based accelerator Startupbootcamp InsurTech is on the search for the next wave of insurance-inspired start-ups to “take the industry by storm”. Startupbootcamp InsurTech says the process of searching for and purchasing something on Amazon or booking peer-reviewed accommodations in a different country at the touch of a finger, condition people to “expect this fluidity and […]
Fintech funding round-up: 6 September 2017
Wake me up when September sends a fintech funding round-up. Features Deutsche Börse, RegTek.Solutions, Finaeo and Now Money. Deutsche Börse and Illuminate Financial Management have co-led in a $5 million Series A funding round in RegTek.Solutions, a regulatory reporting solutions provider. As reported last month, the Regulatory Reporting Hub of Deutsche Börse launched a partnership […]
Google chases down Apple with ARCore launch
Google has responded strongly to Apple’s front-running approach to augmented reality (AR) with the launch of a new AR platform, reports Telecoms.com (Banking Technology‘s sister publication). ARCore is the Android equivalent to the Apple ARKit; in short, an AR reality platform for developers. It’s not the first time Google has had a crack at the […]
Five solutions for the challenges women face in tech today
In the most recent InsurTech Bytes podcast, Sarah Greasley, CTO, Direct Line Group, opened up about her experience as a woman in fintech, the challenges and the solutions. FinTech Futures (Banking Technology’s sister company) uncovered the solutions for five of the key hurdles in her career. 1: Entrepreneurship and empowering risk taking Challenge: From a […]
The Monday mindset: 21 August 2017
Fintech zeitgeist! This week, Oisin Merrins, editor at InsurTech Rising, ponders whether insurtech is losing its lustre.
Fintech funding round-up: 18 August 2017
We’ve got your back if you want to keep track of financial backing. Our latest fintech funding round-up features Options, Instamojo, AnyPay, Aegon and Funding Circle. Options, a provider of cloud-enabled managed services to capital markets, has received nearly $100 million in investment from New York-based private equity firm Bregal Sagemount. The money will be […]
USAA links with Clinc for conversational AI banking
Banking and insurance provider USAA has opted for Clinc’s artificial intelligence (AI) platform to provide human-like conversations for its customers’ bank accounts. Available as a pilot programme at USAA Labs, its members, who consist of 12 million current and former members of the US military and their families, can use the “non-chatbot AI” to talk […]
Fintech funding round-up: 28 July 2017
The riches rounded up. Following on from the brief report on 26 July, here’s our latest fintech funding round-up. Features Brolly, Callsign and Aquiline Capital Partners. Insurtech start-up Brolly has got itself some lolly – with the closing of a £1 million seed round. The round, led by Valar Ventures, Pi Labs and Entrepreneur First, […]
R3 brings the Intel to Corda DLT platform
Enterprise software firm R3 is working with Intel to beef up its data privacy and security for Corda, its distributed ledger technology (DLT) platform. R3, which used to call itself a blockchain consortium, says Corda only sends data to those who have a “need to know”. According to the company, this feature emerged from the […]
Thailand ties the fintech knot with Singapore
The Bank of Thailand (BOT) and the Monetary Authority of Singapore (MAS) have signed a fintech co-operation agreement and updated an existing memorandum of understanding (MoU) on banking supervision. The agreement aims to help develop a “richer financial ecosystem” in Thailand and Singapore as well as in ASEAN. The pair will share information on emerging […]
