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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One of Singapore's biggest banks, United Overseas Bank (UOB), yesterday announced that it had signed an agreement to renew its strategic regional bancassurance arrangement with the UK's Prudential Group for 15 years.
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| Plaid, a San Francisco, CA-based fintech company building a platform which enables applications to connect with users’ bank accounts, acquired Quovo, a NYC-based provider of a platform for investment and brokerage aggregation.
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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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Zurich is partnering with British Sign Language (BSL) Online Interpreting Service, SignLive, to introduce a service for its deaf and hard of hearing customers from today.
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The MA-based commercial insurance player has designed a groundbreaking “Bridge” platform that seamlessly connects Insurance Agencies and Carriers to take the guess work out of quoting by providing insurance quotes from every carrier that has the appetite to write the risk.
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The Des Moines, Iowa, Global Insurance Accelerator is starting up its next cohort on January 15. The fifth iteration of the insurtech development program features 10 early-stage companies that will participate in the 100-day program.
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Have we missed some news? Please send us the link to our newsdesk and our team will review and publish if it is within our editorial guidelines.
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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