TDI Daily Newswire -30th April 2019

Published: Tue, 04/30/19

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

Introducing Origin

The San Francisco-based emerging insurance carrier is led by Indio cofounder Matthew Watson with plans to offer a single policy for one’s entire life.

COVERAGER

Local insurers find their way to least-insured economy in Southeast Asia

Myanmar will soon see five Japanese insurers entering its emerging insurance market in partnership with local insurers, reported the Nikkei Asian Review.

ASIA INSURANCE REVIEW

Sign up for KPMG sponsored webinar on 'Digital Bancassurance' on 11th June 2019. Register for free

AXA XL launches cyber insurance coverage for businesses clients in US

AXA XL has launched a new option to help businesses in the US counter disruption caused due to cyber-attacks. The company has added first party cyber insurance option to its Platinum Property coverage.

LIFE INSURANCE INTERNATIONAL

Allianz in talks to buy L&G's GI business

Allianz is in advanced talks to buy Legal & General’s general insurance business. According to the report, Allianz has emerged as the frontrunner to buy the business after beating off competition from other insurers, including Direct Line Group.

INSURANCE AGE

Aon looks for growth in new products

Aon is planning to ramp up the rollout of new products in 2019, according to CEO Greg Case. Mr Case pointed to the launch of the Intellectual Property Solutions (IPS) team earlier this year and also the burgeoning demand for M&A transaction insurance.

COMMERCIAL RISK

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AI Powered Insurer

For this month’s InsurTech Insights (now in its 3rd year!), KPMG’s Paul Brenchley and Kaushik Raghunandan write from the perspective of AI enabled sales and service. From improving sales performance to providing greater service closer to the customer.

Life/Health Ecosystems

This month we examine the efforts underway to modernise China's life insurance agents. WeChat is again playing a defining role and Beijing-based Bihubao has developed a range of O2O tools that optimise agent recruitment, training and ongoing development.

Future of Insurance Report 2019

Information is power, or so they say. Data is the best kind of information, as it provides context. This report from Raconteur focuses provides an introduction for the C-suite executive an insight into the revolution at the door of the insurance industry.

Digital Tax

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.

Life insurance innovation

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. We also interview Puying Tech CEO Ran Guo, who is localising claims processing software for China.

The future of personal insurance in the UK – excellence or irrelevance

There are five key trends in the UK insurance market according to this Oliver Wyman paper, which it says separates the signal from the noise.

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