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
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SoftBank Group Corp.’s Vision Fund agreed to invest $500 million in a U.S. company that gathers and analyzes data on how people drive. Cambridge Mobile Telematics will use the money to accelerate its DriveWell platform used by insurers and others to measure driving risk.
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| The past 12 months have been largely characterised by evolving customer expectations, advancements in technologies and the beginning of the long-awaited shift to a preventative model of healthcare.
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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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Rakuten Aspyrian, a San Mateo, California, CA-based biotechnology company developing precision-targeted cancer therapies based on its proprietary Photoimmunotherapy platform, raised an additional $134m in a second tranche of its Series C financing.
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Decentralized ledgers and blockchains could offer robust cybersecurity solutions for healthcare data, secure pharma and medical device supply chains, and remove duplicative administrative work for insurers.
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xagent, the single-entry market access solution for property and casualty (P&C) agents, announced today that it has met or exceeded every one of its growth goals for 2018.
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Read more in-depth content from The Digital Insurer
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InsurTech Insight looks at the role of the Digital Actuary, with a provocative intro from Hugh Terry, analysis from KPMG on the developing role, and insight from Rick Huckstep, who interviews three digital insurance leaders seeking new actuarial opportunity.
| | In the final edition of this three-part series on China's tech giants we consider the digital insurance activities currently underway at Tencent with an in-depth article and slide deck alongside further video analysis from Swiss Re's Yannick Even and the TDI team.
| | 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% ..
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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 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. It would appear that almost two decades since deregulation, the Indian insurance market is stagnating, despite the growth in the population
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