Welcome to The Digital Insurer Newswire, a daily updated selection of curated InsurTech and digital insurance news from around the web. |
Today’s top selected digital insurance content
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Spanish insurance company MAPFRE has formally launched its new insurtech startup accelerator, known as insur_space. Based in Madrid, the accelerator has been set up with an aim to develop new insurance solutions to meet the requirements of all types of client, which then can be included into MAPFRE’s existing business.
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| We may have to soon rename ourselves as Daily Techfin. We have been focusing on the breaking of banks and their resistance to the Fintech avalanche, while Techfins have been slowly but surely capturing the FS world. Lots of numbers coming your way – so be
warned.
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Sign up for the KPMG sponsored webinar on 'Cybersecurity – Implications for the insurance industry' on 05th December. Register for free
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| A group of 31 companies have banded together to launch Insurtech UK. The core aim of the group is to support the UK insurtech sector and promote the benefits of the insurtech. The group plans to develop into a formal association in 2019
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| A new insurtech wants to provide pay-as-you-go workers’ compensation to as many small businesses in California as possible, and it hopes to use the momentum it’s built following a quiet launch in the East earlier this year to do just that.
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| Digital banking alternative Revolut has obtained licenses to operate in Japan and Singapore, as the company acquired a remittance license from the Monetary Authority of Singapore and full authorization from Japan’s Financial Services Agency.
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This month we are featuring the ‘Connected Enterprise’, a topic that’s really all about customer focus in the extreme. In Tom Robert’s KPMG article, he outlines the steps insurers can take to become Connected Enterprises, while Rick homes in on Trov, Lemonade, and ZhongAn, as
tangible examples of Connected Insurance Enterprises.There are examples of insurers that have already become Connected Enterprises.
| | This month we consider the digital insurance activites currenlty underway at Baidu. As China’s biggest search engine, Baidu has amassed more than 500 million active users across search, maps, O2O services, and autonomous driving.Although Baidu’s involvement in digital insurance has been more selective than
Alibaba or Tencent, its focus on Autonomous Driving could see it disrupt a market that represents 70% of non-life premium.
| | This is the second of two insurance focused papers concentrates on the innovation that is already taking place in India.It acknowledges the growing population increases – 1.35 billion by 2020 –the opportunity, but insurance penetration is still only around 4%, though expected to grow to US$280 billion by the end of 2020...
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This month’s InsurTech Insights looks at cyber security and its implications for the insurance industry. With the pace of change in our world, individuals and companies are increasingly demanding to be more connected, is the insurance industry able and prepared to meet the future demand?
| | This month we have the first in our three-part series on China’s BAT – the tech giants Baidu, Alibaba, Tencent, and consider the digital insurance activities currently underway at Alibaba. As China’s biggest eCommerce destination, Alibaba has amassed more than 500 million active users across ecommerce,
mobile payments and O2O services.
| | This is the first of two pieces of research we’re featuring this month on the state of the insurance industry in India.They each might be described as examples of glass half full/empty and this one for the Pahle India Foundation focuses on the latter.
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