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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Aflac announced today that it has made a $20m minority equity investment in Singapore Life, a digitally-focused life insurance company based in Singapore.
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| China Reinsurance (Group) Corp. announced it has completed the 100 percent equity acquisition of Chaucer Holdings Ltd. — the major portion of Hanover Insurance Group’s Lloyd’s international specialty business.
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Sign up for KPMG sponsored webinar on 'Insurtech 2019 Trends and Predictions' on 30th January 2019. Register for
free
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The greatest benefit from simple initiatives is the opportunity for team members to succeed in an easy challenge so to build confidence in the processes of innovation and planning.
INSURANCE THOUGHT LEADERSHIP
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Fortunately, a trio of “sharing economy” apps allow occasional access to well-maintained classics. DriveShare, Turo Inc., and Vinty Inc. all function like Airbnb, but each has a unique position. Owners list their vehicles, upload information and images, set a rental price, and provide guidelines on things.
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Zenith Insurance Company and ZNAT Insurance Company, the first insurers to submit informational workers’ compensation filings that describe how the insurance companies are retroactively correcting charges to employers for their workers’ compensation policies
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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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