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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Singapore-based PAL Network has signed two memorandum of understanding (MOU) agreements with Toyota Tsusho and Allianz Malaysia to develop proof-of-concept (POC) using blockchain for smart contract-based insurance products.
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| American data analytics provider Verisk has introduced a new platform, called Black Box 3 (BB3), to help insurers underwrite risks posed by travellers with pre-existing medical conditions.
LIFE INSURANCE INTERNATIONAL
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N26 GmbH, the German banking app that’s backed by billionaires Peter Thiel and Li Ka-shing, has raised new funds at a valuation of $2.7 billion, making the company one of Europe’s most valuable non-listed fintech startups.
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Larsen & Toubro Infotech (LTI) and ACORD, the global data standards-setting body for the insurance industry, have expanded their alliance to develop a comprehensive set of digital standards & solutions for the insurance industry.
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Didi Chuxing, China's largest ride hailing platform operator, has launched nationwide insurance and other financial services through a smartphone app.
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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.
| | To excel in the digital-centric age, insurers must deliver better customer experiences that are simple, efficient, and obstacle-free, says this report from the enterprise software provider, SAP. Insurers must understand how to streamline customer-facing processes.
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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 report from Oxbow Partners focuses on the Lloyd’s and London markets, which it considers initially viewed insurtech with interest, but little understanding of the potential for change. They may believe their corporate and speciality markets are isolated from the surge of insurtech because they are
specialist, but this would fly in the face of all the evidence.
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