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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Hong Kong-based reinsurer Peak Re has unveiled what it claims is the first reinsurance sidecar transaction in Asia, in news that underlines investor appetite for insurance-based risk as a source of alternative capital.
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| Willis Towers Watson announced the launch of the latest version of its Radar pricing software. With the speed of change and disruption across markets and products accelerating, Radar 4.2 provides insurers with “a future-proofed solution..
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Sign up for KPMG sponsored webinar on 'Insurtech 2019 Trends and Predictions' on 30th January 2019. Register for
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Home insurance insurtech buzzvault, part of tech firm buzz, has launched in the UK. Calling itself the “world’s first truly personalised home insurance policy”, it utilises digitised home contents data. Furthermore, the home insurance insurtech is in partnership with Munich Re Digital Partners.
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Pan-Asian insurer FWD Life Insurance has introduced its Tapp mobile app, a “one-tap insurance app” for FWD customers to manage their policies digitally. The part self service, part live chat app offers due date reminders, online payments, policy documents and ability to update contact details; all in the name of ‘convenience’.
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Multi-line insurance company Zurich has announced a collaboration with with Snapsheet to expand the latter into international business. Snapsheet's digital claims platform with be expanded to Zurich operations in Europe, Latin America and Asia Pacific.
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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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