TDI Daily Newswire -03/07/2019

Published: Thu, 03/07/19

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

wefox Raises $125M in Series B Funding

wefox Group, a Berlin, Germany-based insurtech company, raised $125m in Series B funding. The round was led by Mubadala Investment Company through Mubadala’s newly created European Ventures Fund.

FINSMES

Zego enters Spain to offer pay-as-you-go insurance products

London-based insurtech firm Zego has forayed into Spanish market to offer pay-as-you-go insurance products to riders in the country.

LIFE INSURANCE INTERNATIONAL

Sign up for Chaingang webinar on 'Blockchain & Insurance: The end, or just the beginning?' on 28th March 2019. Register for free

Aon launches insurtech consultancy for marine risks

Aon has launched a new marine consultancy service with software firm Skytek that uses real-time satellite data to track insureds’ ships and cargo, reducing accumulation risk and potentially offering better insurance cover and pricing.

COMMERCIAL RISK

Comcast Acquires BluVector Cybersecurity Technology

Comcast has announced it has acquired BluVector, a company that uses advanced AI and machine learning to provide cybersecurity protection to companies and government agencies.

COVERAGER

Shift Technology Raises $60M in C-Round

Shift Technology, a Paris-based a provider of AI-powered claims fraud detection and other claims related applications to the global insurance industry, announced that it has closed a C-round investment of $60 million, bringing total investment in the company to $100 million.

IIR

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Read more in-depth content from The Digital Insurer

Risk and Regulation

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?

2018 Review

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.

Data science and AI trends to watch out for in Indian business

Predictions for the key trends in the coming year are thought on the ground at the moment. This one from Analytics India Magazine & AnalytixLabs identifies 10 key trends as to how AI and data will transform the Indian market over the coming year.

InsurTech Trends

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.

China’s Tech giants part three: Tencent

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.

How auto insurance can adapt to changing risks

Travelers public policy division The Travelers Institute has released a white paper called Insuring Autonomy: How auto insurance can adapt to changing risks, that outlines the framework for autonomous vehicle insurance covering both personal and commercial. The context is on resolving claims and providing fair compensation to accident victims.

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