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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Socotra, a San Francisco, CA-based creator of a cloud-native, productized insurance core platform, raised an additional $5.2m in funding. Backers included the venture investment arm of insurance and financial services provider Nationwide, MS&AD Ventures.
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| What insurers face now, digital giants like Amazon and Netflix faced when they moved to operate exclusively in the digital marketplace … transactions increasingly shifting to digital ... operations impacted by an unprecedented wave of automation.
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Sign up for KPMG sponsored webinar on 'The Digital Actuary – preparing for the future … Now!' on 27th February 2019. Register for free
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Ascot and Beazley announced the launch of a Lloyd’s-based cargo consortium, which uses insurtech solutions to help manage risk and claims performance. This launch will allow brokers to provide their clients with quality underwriting and claims management in a cost-efficient way.
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Castle , the San Francisco-based startup helping businesses keep their customers’ online accounts safe from fraud, has raised $9.2m in a series A round led by Index Ventures, with participation from Y Combinator.
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Chicago-based Hub announced Tuesday it has acquired the assets of Toronto-based Firstbrook Pointon Benefits Incorporated. Tuesday’s announcement comes a month after Hub acquired Vancouver-based TRG Group Benefits and Pensions Inc.
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Read more in-depth content from The Digital Insurer
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We kick off 2019 with our annual InsurTech predictions. This year we have tried to take it to a new level with a more formal and public collaboration with KPMG to identify the top 10 trends in InsurTech. The executive summary is available now.
| | This month we take a look back at the major developments of 2018 and select the most progressive InsurTechs that have emerged from China. Although the past year was characterized by continued optimism with regard to digital insurance.
| | Customers are increasingly demanding products they understand that fit their own specific needs. In order to achieve this, insurers are launching many more products and collaborating with competitors in order to satisfy these demands.
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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. There is an urgent need for the actuarial
profession to define a ‘near home’ initiative to support actuaries getting more involved in data insights.
| | 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. Although relatively unknown in the
western world, Tencent is China’s most influential internet company.
| | Martha Notaras, a partner at venture capital firm XL Innovate, has drawn up her top 10 innovations she expects to pass in insurtech in the coming year. Insurtech has seen huge levels of investment, but there are two distinct markets developing. Fintechs will seek to widen their horizons and revenue
opportunities through new products.
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