Embedded insurance: a $3tn market opportunity, that could also help close the protection gap
All players should look carefully at this space and define strategies of “where to play” and “how to win”.
Insurance
COVID-19: Hard road ahead for insurtech companies
The global head of Willis Towers Watson Reinsurance Tech anticipates a rocky road ahead for insurtech.
Malta-based Oney Insurance picks Comarch’s business intelligence tech
The project encompasses building an insurance-specific data warehouse, based on Comarch’s cloud BI solution.
Chinese insurtech Waterdrop raises $230m & plans US IPO
Known as Shuidihuzhu in China, its Series D round was led by Swiss Re and Tencent.
Phoenix Life aims to meet IFRS 17 with Oracle tech
Phoenix Life is an existing user of several Oracle systems.
How automation can help insurers build resilience and rebound stronger from COVID-19
It’s a case of ramping up the automated underwriting footprint for the most simple, homogenous policies.
Lemonade rival Hippo raises $150m financing round
The Palo Alto, California-based start-up is valued in the investment at $1.5 billion.
SoftBank-backed Policybazaar aims for 2021 IPO at $3.5bn valuation
Policybazaar expects to return to profitability by the end of this year.
Paytm to buy insurance firm Raheja QBE for $76m
Raheja QBE has around 41,000 customers.
PolicyBazaar’s CEO calls SoftBank-backed expansion a “mistake”
“The point is you don’t double capacity suddenly, it doesn’t help,” says CEO Yashish Dahiya.
Introducing CRUX Digital Days – getting the crux of the tech matter
What’s shaping the financial services technology industry of today and what awaits it tomorrow?
Lemonade lands $319m in IPO
The SoftBank-backed insurtech sold 11 million shares priced at $29 each.
Italy’s Generali considers Brightsphere acquisition in US
The insurance giant is looking to expand its US footprint.
Why UK challenger banks haven’t taken on the insurance market
“The insurance community is not necessarily responsive to change,” says insurtech CEO.
Insurance in the digital age: injecting automation into the claims process
A lot of claim processing, across all product lines, is carried out manually.
Introducing FinTech Features – showcasing the best in fintech on 30 June
A new digital platform for the financial services professionals to learn about the latest technologies and solutions.
EIS launches in the UK
The insurance platform expands its global footprint.
Embark buys Zurich’s UK retail and investment management business
The move is part of Embark’s effort to build its presence in the UK retirement/savings sector.
Capitalising on the insurance tech trend
Exposure to a range of risks is driving demand for predictive data analytics in the insurance sector.
Global fintech funding: 2018 still stands as the reigning year
As of February 2020, year-over-year deal counts were down by 22%.
Digital Risks raises $10.4m in Series A funding round
SME insurance firms plans to triple its headcount in 2020
Video: Top fintech stories this week – 14 February 2020
FinTech Future’s weekly news round-up.
Lloyd’s of London hires new chief digital officer
Louise Smith joins from RBS.
Barclays signs tech partnership with invoice insurance firm Nimbla
UK bank to offer Nimbla technology to one million SME customers.
Health Insurance & Protection 2019/20 Report: Movers, Shakers & Opportunity Creators
Exclusive research, industry insight, opinion and predictions – free download available now.
Ping An Technology builds innovation lab with Intel to boost cloud tech
The lab will also “supercharge” Ping An’s AI-based services.
Video: Top fintech stories this week – 11 January 2020
FinTech Future’s weekly news round-up.
Berlin-based insurtech Wefox raises $110m Series B extension
The CEO puts success down to its technical understanding of risk.
Systems integration: A path to improved speed, efficiency and value
System integration bridges disparate platforms so they are better connected and seamless
TSB selects Iress Lender Connect to boost brokerage
Iress calls the deal the first it has signed with a “top tier” bank
Legal & General outsources more of its investment arm to Charles River
The firm is moving closer to a centralised, cloud-based platform.
Between floppy disk and data highway: Why insurance companies lag behind in digitisation
Digitalisation has reached the insurance industry later than in other sectors and pressure is coming from customers.
Blockchain: next steps towards collaboration, implementation and scalability
What do financial institutions have to know about blockchain, and how do we move from talk to action?
Ecommerce insurtech Cover Genius raises $10m in Series B round
The round will fuel further growth into the UK, the US and Asia.
Speaking both start-up and corporate – where Google translate doesn’t help
Hear from the InsurTech Rising panel of experts on how to get the best of both start-up and corporate worlds.
PRA warns insurers over work culture
Staff must feel able to speak up about their concerns.
The future of distribution: is insurtech a saver or a threat?
What do insurance incumbents think of the new insurtech start-ups on the block – saver or threat?
European regulators conform to EIOPA’s post-Brexit insurance recommendations
NCAs prepared to ensure a smooth transition for UK insurers after Brexit
Video: Top fintech stories this week – 01 November 2019
FinTech Future’s weekly news round-up.
The top trends that impacted the insurance industry in 2019
Top CRO’s in the biggest insurance companies tell us about their challenges in 2019.
