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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DBS cyber insurance will now be available to customers in Hong Kong. DBS Hong Kong has become the first bank in the area to offer this form of cyber insurance. The offering includes financial support for trauma counselling, legal consultation and action, as well as tech support.
LIFE INSURANCE INTERNATIONAL
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| A recent survey of 1,000 UK renters commissioned by Urban Jungle, the London-based startup offering home insurance for urban renters, found that 77% don’t have contents insurance, and 30% of those didn’t buy because it isn’t affordable enough.
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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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Ping An Insurance (Group) Co., China’s largest insurer by market value, is gearing up for an initial public offering of its OneConnect unit that could value the financial management portal at about $8 billion.
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Ageas’s acquisition of 40% of the share capital of the Indian non-life insurance company Royal Sundaram General Insurance Co Limited (RSGI) has received all the necessary regulatory approvals.
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In an industry like insurance, where inertia is strong and there’s a tension between the way things have “always been done” and new ideas, many stakeholders could benefit from reinforcement of this idea. There are more ideas and theories on the future of insurance now.
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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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This month's edition of InsurTech Insights aims to make sense of the data issues faced by the insurance industry and its regulators. Insurers are already using tech-based non-traditional sources of data, such as telematics and wearables to improve their risk ratings on customers. So why not also tap
into the explosion of personalised data on social media?
| | 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 insurancseveral notable regulatory actions and a more cautious VC approach have
signaled that the honeymoon is over.
| | 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. This is developing a range of ecosystems.
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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. The report is designed to engage, provide a point of view
and hopefully spark reactions and ideas as you think through your strategies in the year ahead.
| | 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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