TDI Daily Newswire - 12th November 2020

Published: Thu, 11/12/20

Welcome to The Digital Insurer Newswire, a daily updated selection of curated InsurTech and digital insurance news from around the web.

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Today’s top selected digital insurance content

Prudential Thailand lifts health business to cloud

Prudential Asia Corporation’s Thailand business is looking to grow into new customer segments by moving its digital capabilities to cloud-based services. The insurer has adopted Allfinanz Spark, a cloud-based software-as-a-service offering of Munich Re, one of its reinsurance partners.

DIGFIN

Digital health company Buoy raises $37.5M

Boston-based AI-powered healthcare navigation platform Buoy Health announced the completion of a $37.5 million Series C funding round. Cigna Ventures and Humana led the funding round.

COVERAGER

Insurtech Bestow Launches Protect API

Bestow, an Insurtech that delivers algo powered life insurance underwriting, announced on Monday it is expanding access to its entirely digital term life insurance experience. The company unveiled its new product, Protect API, which enables companies to directly offer life insurance coverage within their apps or sites.

CROWDFUND INSIDER

Insurtech Startup Coherent Secures US$14 Million

Coherent, provider of digital platforms to insurers, raised US$ 14 million in a Series A funding round led by global VC fund Cathay Innovation, with participation from Franklin Templeton. Coherent provides digital platforms and data intelligence engines to help large and growing insurers evolve their businesses and processes.

FINTECH NEWS

Nationwide Expands Relationship with IMS on Mileage-Focused Telematics Offering

Nationwide has chosen IMS as the technology provider for the insurer’s SmartMiles pay-per-mile insurance program, which bases insurance charges on miles driven.

IIR

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