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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State Auto is investing heavily in telematics, but not just for underwriting and customer intelligence: The carrier sees the technology yielding an improved claims experience to reduce cycle times for customers and improve efficiency for repair services.
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| Ping An Technology, a subsidiary of China’s second-largest life insurer, is reviving up infrastructure expansion to bolster its cloud computing service with the aim to become a market leader in the mainland in three to five years.
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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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AI will be key, but only if companies decode how to apply it effectively and accurately within the confines of the business. With Ovum’s ICT Enterprise Insights Survey anticipating that 60 percent of organizations will have an enterprise-wide strategy for AI in 2019.
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Carriers big and small, across lines of business, rolled out all sorts of next-generation technologies with the aim of getting the best ever-exclusive customer experience.
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if a rental vehicle insured in Ontario is used as a weapon, and either the driver or the person renting the vehicle has his or her own Ontario auto policy, the rental company would have to be negligent in some fashion in order for the auto liability insurance on the rental vehicle to kick in.
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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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