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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Earlier this week Marsh has announced Cyber Catalyst by MarshSM , a “ground-breaking new way” for organizations to make more informed choices about cybersecurity products to manage cyber risk.
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| Finaeo, a Toronto-based start-up, has raised $5.35 million in seed funding. The latest funding round was led by Luge Capital, followed by RGAX, Rising Tide Fund, Inovia Capital.
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Sign up for KPMG sponsored webinar on 'AI Powered Insurer' on 30th April 2019. Register for free
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GAINSCO Auto Insurance, a Dallas-based provider of non-standard auto insurance products specializing in minimum-limits personal auto insurance, will replace its on-premises policy and billing systems with Duck Creek Policy and Duck Creek Billing via the Boston-based vendor’s Duck Creek OnDemand SaaS implementation option.
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Managed care giant Centene Corporation has announced that it will acquire rival payer WellCare Health Plans, Inc. for $17.3 billion in cash and stock.
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VALIC, a leading retirement plan provider for healthcare, K-12, higher education, government, religious, charitable and other not-for-profit organizations, will now be known as AIG Retirement Services.
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Read more in-depth content from The Digital Insurer
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This month’s InsurTech Insights looks at the subject of tax and compliance from different perspectives, but with the same outcome; extracting value from the effort and burden of keeping honest. In KPMG’s article, which is built around the theme of Tax Reimagined and KPMG’s 2018 Tax Officer Outlook
findings.
| | This month we consider the efforts underway to evolve the product development and distribution of life insurance in China, which has long been characterised by commodity product lines and legacy distribution channels, but is now being challenged by InsurTech innovations.
| | 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.
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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.
| | 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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