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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Sentry Insurance has announced increased breadth and functionality in its workers’ compensation claims analytics program. By leveraging a series of predictive models, Sentry claims professionals are able to make an earlier, more comprehensive and continual assessment of each workers’ compensation claim.
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| Insurer CNO Financial Group has purchased Web Benefits Design (WBD), a privately-owned online benefits administration firm, for $66m.
LIFE INSURANCE INTERNATIONAL
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Sign up for KPMG sponsored webinar on 'Digital Bancassurance' on 11th June 2019. Register for free
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Convex, a new (re)insurance start-up founded by veteran industry experts Stephen Catlin and Paul Brand, debuted yesterday with an A.M. Best rating of A- (Excellent) as well as regulatory approval to operate in London and Bermuda.
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Workers have new options to customize their financial protection benefits, thanks to an enhanced term life insurance plan introduced today by Colonial Life & Accident Insurance Company.
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Lloyd’s today unveiled a fresh strategy with a number of initiatives designed to transform the market. The aim is to simplify access to the global insurance market and reduce the costs of doing business at Lloyd’s.
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Read more in-depth content from The Digital Insurer
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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.
| | This month we examine the role that both state-owned and private insurers are playing in this effort. We also investigate how Ping An uses cross selling, highlight our Chinese InsurTech of the month, Hukebao, and speak to Gavin Li from Bihu Technologies about his view of China’s digital insurance
landscape.
| | 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.
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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 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.
| | 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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