InsuranceRSS

UK regulator calls for feedback on consumer access to insurance

FCA keen to explore regtech

Like a bird of paradise, the UK’s Financial Conduct Authority (FCA) is calling again – and this time for views and evidence concerning consumers’ access to insurance. This FCA’s paper looks more broadly at access issues related to insurance but specifically (and a non-fintech point) seeks views on “how consumers with cancer or those in […]

Blockchain fuels IBM and Standard Chartered insurance policy pilot

SAP launches Blockchain-as-a-Service

American International Group (AIG), IBM and Standard Chartered have piloted the “first” multinational, smart contract based insurance policy using blockchain. The trio converted a controlled master policy written in the UK, and three local policies in the US, Singapore and Kenya, into a smart contract that provides a shared view of policy data and documentation […]

FinLeap in its Element with digital insurance partnership

Finleap logo new

German fintech incubator FinLeap’s digital insurance platform Element is partnering with financial services group Signal Iduna for new products and services. Element is currently in the process of applying for a life insurance licence under Germany’s Insurance Supervision Act, and plans to offer services in property, accident and liability, and cybersecurity. It will provide “Insurance-as-a-Platform” […]

Interview: Daniel Schreiber, co-founder and CEO of Lemonade

Daniel Schreiber, Lemonade

Ask most people about their experience with insurance, grudge purchase par excellence, and they’ll say it leaves a bitter taste in the mouth. Enter Lemonade, the New York-based insurtech combining the power of artificial intelligence (AI) and an approach founded on behavioural economics and customer centricity to offer homeowners and renters protection with a difference.

Podcast: the holy grail of insurance? Making a success of social media

social media

The fintech industry is flying through the social media stratospheres at astonishing rates – we know. But how are particular sectors within it keeping up? Insurance – and its insurtech counterpart – is certainly moving ahead in leaps and bounds in some areas, but when it comes to social media, it looks like it is only just embarking on its journey now, a good five years behind banking.

Rise and shine with Wipro’s blockchain nine

Wipro goes API

Indian IT firm Wipro has developed nine blockchain-based solutions for banking financial services and insurance (BFSI), manufacturing, retail and consumer goods industries. The solutions were defined, designed and co-developed with Wipro’s clients in its blockchain innovation lab. In terms of fintech and insurtech, these concepts include trade finance and P2P insurance for the “sharing economy” […]

Podcast: five steps to reinventing insurance

Insurance dynamic duo: Trov and Anthemis Group

In the latest InsurTech Bytes – the podcast for the future of insurance by FinTech Futures (Banking Technology’s sister company) – we learn from one of the best disruption duos in insurance: Trov and Anthemis Group.

R3 and Acord launch DLT-ful insurtech centre

R3 logo

Consortium R3 has partnered with Acord (Association for Cooperative Operations Research and Development) to launch a virtual “centre of excellence” for distributed ledger technology (DLT) in the insurance industry. R3 counts a number of insurance companies amongst its member base, including MetLife, AIA and Suncorp Group, as well as other financial services members that have […]

How is insurtech going to keep up with the pace of fintech?

Insurtech

In an interview with Lisa Moyle, portfolio director of InsurTech Rising, we dive into the importance of partnerships and investments with insurtechs.

Atidot unveils big data platform for insurtech

First core banking site for TCS in Israel

Israel’s insurtech provider Atidot has launched the “first” Software-as-a-Service (SaaS) based predictive analytics platform for the life insurance sector. The firm says its big data modelling and decision making tools will “accelerate the pace” at which life insurance executives can use intelligence in their decision making. Existing company data is loaded to the proprietary Atidot […]

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