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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Swiss Re Corporate Solutions, a division of Swiss Re, has rolled out a parametric water-level insurance solution, known as Flow, in Europe. The insurance product has been designed to safeguard companies in Europe from the financial impact of high or low river water levels.
LIFE INSURANCE INTERNATIONAL
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| yallacompare, a Dubai, UAE-based comparison site for financial products, raised $8m in funding. The new funds will be used to grow the workforce by up to 50% as the company seeks to bring insurance aggregation to additional regional markets.
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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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MyEG Philippines, the country's top one-stop provider of e-government automation solutions and payment services, has launched the MyEG Insurance portal, bringing Filipinos fast and hassle-free access to a diverse range of insurance coverage from the country's leading insurers.
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WithMe Health (WithMe), a new medication guidance company, announced that it raised a $20m round of financing from Oak HC/FT, a premier venture growth-equity fund investing in tech-enabled healthcare and financial services companies.
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Vantis Life Insurance Company (Windsor, Conn.) a provider of life insurance for mid-market and emerging affluent consumers announced that it has introduced Velocity, an upgraded online life insurance platform designed to make getting coverage faster and more efficient.
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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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