Thought Leadership
Insurtech in Europe: H1 2021 in review
What a first half of the year in the European insurtech scene: over €1.7B was invested across 52 deals. That’s basically more than 2019 and 2020 combined!
July 23, 2021
8:21 pm
LATEST NEWS
We regularly curate the latest news and insights to create the largest platform for knowledge-sharing and development within the world’s insurance industry.
Acquisitions
Insurtech bolttech Acquires i-surance to Help Accelerate Expansion Across Europe
Insurance startup bolttech has purchased i-surance a B2B2C digital insurance platform, to accelerate its expansion in Europe.
July 23, 2021
1:51 pm
Funding
Insurtech Leader Ethos Raises $100 Million from SoftBank Vision Fund 2
Just two short months after announcing a $200 million Series D round that took its valuation to $2 billion, Ethos, the insurtech leader that’s transforming the life insurance space, has raised an additional $100 million in capital.
July 23, 2021
9:55 am
Product Launch
Hippo Launches Homeowners Association Insurance Offer
Hippo, the home insurance group that created a new standard of care and protection for homeowners, today announced its expansion into Commercial Insurance.
July 22, 2021
10:30 pm
Technology
Faster, cheaper, greener: Why cloud is right for APAC insurers
There are several triggers – or what we call cloud archetypes – that typically push clients to move to the cloud. Most revolve around the need for greater speed and to create greater value, though the actual mix varies depending on each client’s circumstances.
July 22, 2021
4:35 pm
Product Launch
Tractable launches AI Subro to help insurers recover loss and reduce loss ratios
Tractable, the company developing AI for accident and disaster recovery, today launches AI Subro, a new solution that will help US auto insurers resolve subrogation tasks with AI.
July 22, 2021
1:22 pm
Product Launches
Hippo Launches Homeowners Association Insurance Offer
Hippo, the home insurance group that created a new standard of care and protection for homeowners, today announced its expansion into Commercial Insurance.
July 22, 2021
10:30 pm
Tractable launches AI Subro to help insurers recover loss and reduce loss ratios
Tractable, the company developing AI for accident and disaster recovery, today launches AI Subro, a new solution that will help US auto insurers resolve subrogation tasks with AI.
July 22, 2021
1:22 pm
AXA UK launches machine learning-driven property claims tool
AXA UK has introduced a new machine learning tool designed to help streamline and accelerate complex property claims.
July 20, 2021
7:45 pm
EY announces alliance with Fadata to help improve business performance for insurance companies
EY today announces an alliance between Fadata, a leading software provider that focuses on core insurance operational platforms, and Ernst & Young LLP (EY UK), to help insurance companies drive improved business performance through technology transformation delivering an end-to-end digital experience.
July 18, 2021
11:35 am
Big insurance companies launch net-zero climate alliance
Eight of the world’s leading insurance and reinsurance companies on Sunday launched an alliance to help speed up a transition to a net zero emissions economy.
July 11, 2021
6:05 pm
Insurtalk with Ron Rock: Will Ohio emerge as the US insurtech leader?
This week we spoke with Ron Rock, Senior Director at JobsOhio, about insurance disruption and the future of work – and the State of Ohio.
July 8, 2021
5:46 pm
Funding
Insurtech Leader Ethos Raises $100 Million from SoftBank Vision Fund 2
Just two short months after announcing a $200 million Series D round that took its valuation to $2 billion, Ethos, the insurtech leader that’s transforming the life insurance space, has raised an additional $100 million in capital.
July 23, 2021
9:55 am
London insurtech raises £6m to expand safety net for independent workers
A London insurtech has announced that it has raised £6m of funding in a round led by a Silicon Valley investor.
July 17, 2021
8:23 am
Fintech and On-Demand Insurer N26 Eyes Value of About $10B in New Fundraising
N26 GmbH is holding discussions with investors to raise several hundred million dollars in a fundraising that could value the German fintech at about $10 billion, according to people familiar with the matter.
July 16, 2021
10:02 am
CAPE Analytics Raises $44M in Series C Round
The round was led by Pivot Investment Partners, with additional investors Aquiline Technology Growth and HSCM Bermuda, as well as existing investors.
July 15, 2021
8:46 pm
AIG to sell life and retirement unit stake to Blackstone, another with IPO
American International Group Inc (AIG.N)plans to use an IPO to sell part of its life and retirement business, while Blackstone Group Inc (BX.N)agreed to buy a sizeable stake, according to a person familiar with the matter.
July 15, 2021
1:26 pm
Swedish insurtech startup Insurello raises €15 million
Today, Insurello, which helps consumers get fair compensation, announces it was able to claim €20 million in insurance compensation for its clients and the young company also just raised €15 million in fresh funding.
July 12, 2021
1:10 pm
Thought Leadership
Insurtech in Europe: H1 2021 in review
What a first half of the year in the European insurtech scene: over €1.7B was invested across 52 deals. That’s basically more than 2019 and 2020 combined!
July 23, 2021
8:21 pm
Faster, cheaper, greener: Why cloud is right for APAC insurers
There are several triggers – or what we call cloud archetypes – that typically push clients to move to the cloud. Most revolve around the need for greater speed and to create greater value, though the actual mix varies depending on each client’s circumstances.
July 22, 2021
4:35 pm
General Insurance: Insurtech firms can help build microinsurance products for all
While the need for permanent insurance cover (e.g. whole life insurance and health insurance) will always remain, people will continue to need special-purpose insurance in life.
July 21, 2021
12:05 pm
Hyper-Automation in Insurance: What Does It Mean and What Are Its Upsides?
During these unprecedented times, significant challenges have ascended to the top of the insurance industry’s agenda and left many carriers puzzled about how to navigate the road ahead.
July 19, 2021
11:12 am
Preventing emergencies: Insurtech that keeps us safe in troubled times
COVID-19 has made people acutely aware of the pressures placed on health professionals and insurance systems. Insurtech solutions that alleviate this are valuable, a point recognised at this year’s Efma-Accenture Innovation in Insurance Awards.
July 16, 2021
9:11 pm
The 2 Crucial Changes Happening in Insurance Distribution
The further we move into the 21st century, the bigger the role technology plays in the insurance industry.
July 14, 2021
9:15 pm
Acquisitions
Insurtech bolttech Acquires i-surance to Help Accelerate Expansion Across Europe
Insurance startup bolttech has purchased i-surance a B2B2C digital insurance platform, to accelerate its expansion in Europe.
July 23, 2021
1:51 pm
AIG to sell life and retirement unit stake to Blackstone, another with IPO
American International Group Inc (AIG.N)plans to use an IPO to sell part of its life and retirement business, while Blackstone Group Inc (BX.N)agreed to buy a sizeable stake, according to a person familiar with the matter.
July 15, 2021
1:26 pm
Aon & Willis Towers Watson call for ‘earliest possible trial date’
Global insurance and reinsurance brokers, Aon and Willis Towers Watson (WTW), have emphasised the pressing need for the “earliest possible trial date” for their pending case against the Antitrust Division of the U.S. Department of Justice (DoJ), which seeks to block their $30 billion combination.
July 6, 2021
2:55 pm
France’s Covéa Reportedly Interested in Grabbing AXA XL’s Reinsurance Business
Covéa, the French non-life mutual, is interested in acquiring AXA XL’s reinsurance business, AXA Re, in deal that could be valued at €5 billion, according to press reports.
June 28, 2021
11:51 pm
Insurtech company WeSure boosts portfolio with $110 million acquisition of Ayalon
WeSure is buying 50.4% of insurance company Ayalon’s shares at a $216 million valuation, 33% higher than its Tel Aviv Stock Exchange market cap.
June 27, 2021
8:38 pm
Combined Aon/WTW would be world’s largest outsourced investment firm
Reports from Bloomberg highlight how the proposed $30 billion merger of insurance brokerage giants Aon and Willis Towers Watson (WTW) would create the world’s largest outsourced investment management firm.
June 23, 2021
9:54 am
Leadership Changes
Former Tesla Head of Global Data Joins Metromile
Metromile hired former Tesla executive Colleen Qiu as its new vice president and Head of Data, representing another recent high-profile executive hire from outside the insurance industry.
July 20, 2021
12:14 pm
Swiss Re appoints Scalzi to lead automated underwriting strategy in Asia
Global reinsurer Swiss Re has appointed Barbara Scalzi to lead its automated underwriting solution Magnum in Asia.
July 13, 2021
11:23 am
AXA XL appoints Marine Ress casualty CUO for Europe
AXA XL Insurance has appointed Marine Ress as Chief Underwriting Officer, Casualty, APAC & Europe, a Paris based role.
July 5, 2021
4:18 pm
L&G Re names Amy Ellison as new CEO
The global reinsurance arm of Legal & General Group, L&G Re, has announced the appointment of Amy Ellison as its new Chief Executive Officer (CEO), succeeding Thomas Olunloyo.
July 5, 2021
9:40 am
Zurich appoints fintech founder as group chief platform officer
Zurich Insurance Group has announced the appointment of Frank Verkerk to the newly created role of group chief platform officer.
July 2, 2021
4:54 pm
South Korean Insurtech Carrot Doubles Capital with $90 Million Rights Offering
Carrot General Insurance Corp., South Korea’s first digital-only insurance provider, announced that it has raised 100 billion won (US$88.7 million), which equals its founding capital raised in 2019.
July 2, 2021
2:12 pm
Technology
Faster, cheaper, greener: Why cloud is right for APAC insurers
There are several triggers – or what we call cloud archetypes – that typically push clients to move to the cloud. Most revolve around the need for greater speed and to create greater value, though the actual mix varies depending on each client’s circumstances.
July 22, 2021
4:35 pm
Zego, Supported by Swiss Re, Teams Up with bp to Insure Electric Vehicles in London
Industrial motor insurer Zego, with help from Swiss Re, has teamed up with bp, an built-in vitality firm, to supply skilled insurance coverage for bp’s electrical car trial in London, referred to as “bp EV Professional.”
July 21, 2021
10:04 am
Hyper-Automation in Insurance: What Does It Mean and What Are Its Upsides?
During these unprecedented times, significant challenges have ascended to the top of the insurance industry’s agenda and left many carriers puzzled about how to navigate the road ahead.
July 19, 2021
11:12 am
The 2 Crucial Changes Happening in Insurance Distribution
The further we move into the 21st century, the bigger the role technology plays in the insurance industry.
July 14, 2021
9:15 pm
Why insurance is the industry with the most to gain from digital transformation
Slow and steady growth has been the mantra of Zywave in the UK since its inception, and the UK-based arm of the business has steadily grown a robust customer base of around 150 clients over the last decade.
July 14, 2021
10:28 am
‘Digital revolution’ presents challenges for insurers
The ‘digital revolution’ has driven insurer success and made the industry more efficient, more profitable and more accessible to customers – however, Delta Insurance COO Kent Chaplin says it has also created new challenges within the sector, and has ramped up competition between new and existing insurers like never before.
July 8, 2021
10:02 pm
AI
AI and Its Impact on Automotive Claims by Olivier Baudoux
Thanks to four trends, AI can improve efficiency and cycle time and meet policyholder expectations for a streamlined, digital auto claims experience.
July 12, 2021
2:11 pm
What does the ‘Amazon’ of insurance look like?
Today we spoke with Apollo’s Jeff McCann and Berkley Canada’s Alexandra Spence about what the ‘Amazon’ insurance experience could look like – from embedded insurance to platform ecosystems, distribution is fundamentally changing.
June 30, 2021
6:57 pm
AI enabled NOW Insurance partners with Hiscox
AI-enabled insurance platform NOW has announced a partnership with Hiscox on medical malpractice insurance policies for health care professionals on its direct-to-consumer marketplace.
June 30, 2021
10:37 am
How automation can drive business imperatives in the insurance industry
Automation brings in efficiency, better distribution, reduced overhead and lower latency. Therefore, routine tasks around claims processing, servicing, mail centre management, present enormous opportunities for automation.
June 24, 2021
8:27 pm
How to build truly flexible insurance products
In today’s webinar we discussed the possibilities of digital product development, and how a flexible mindset within teams can drive dynamic, flexible products.
June 23, 2021
6:53 pm
Digitization, Automation, AI Define Role of Human Agents in Insurance Industry
The digitization of the insurance industry is inevitable but human interaction is still an essential part of the process. Paul Ford, CEO of insurance platform Traffk, explains how the companies that will succeed are those that use data and automation to develop better products and help their agents become advisors.
June 21, 2021
11:47 pm
Industry Trends
Insurtech in Europe: H1 2021 in review
What a first half of the year in the European insurtech scene: over €1.7B was invested across 52 deals. That’s basically more than 2019 and 2020 combined!
July 23, 2021
8:21 pm
Zego, Supported by Swiss Re, Teams Up with bp to Insure Electric Vehicles in London
Industrial motor insurer Zego, with help from Swiss Re, has teamed up with bp, an built-in vitality firm, to supply skilled insurance coverage for bp’s electrical car trial in London, referred to as “bp EV Professional.”
July 21, 2021
10:04 am
The 2 Crucial Changes Happening in Insurance Distribution
The further we move into the 21st century, the bigger the role technology plays in the insurance industry.
July 14, 2021
9:15 pm
Why insurance is the industry with the most to gain from digital transformation
Slow and steady growth has been the mantra of Zywave in the UK since its inception, and the UK-based arm of the business has steadily grown a robust customer base of around 150 clients over the last decade.
July 14, 2021
10:28 am
Insurers’ ‘super-profits’: Industry says it’s not that black and white
Short-term insurers say they went above and beyond for their customers in the past year and aren’t greedily gobbling up savings from lower claims.
July 9, 2021
8:46 am
Insurtalk with Ron Rock: Will Ohio emerge as the US insurtech leader?
This week we spoke with Ron Rock, Senior Director at JobsOhio, about insurance disruption and the future of work – and the State of Ohio.
July 8, 2021
5:46 pm
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Bradley Collins
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- +44 7928 474427
