InsurtechRSS

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.

Schweizerische Mobiliar Asset Management moves to Profidata Xentis

Switzerland

Bern-based Schweizerische Mobiliar Asset Management has implemented Profidata’s Xentis investment management system for its insurance, pensions and fund management businesses. Profidata, which is also based in Switzerland, says it was a “challenging project” to roll out the system within a time frame of 17 months. Xentis replaces various legacy applications, “makes several interfaces redundant and […]

The future of insurance is collaboration

Collaboration

To the outside observer the insurance industry may look very conservative with dominant global companies and local players operating in the way they have done for years and with very little interaction with their customers. But this is changing.

Certua to launch robo life insurance service in UK

Certua

UK-based start-up Certua plans to launch a robo life insurance service in Q3 of this year – with the aim to create products and services that can auto adjust based on customer need. Using open data, it will provide real-time personalisation of financial solutions, and “ongoing recommendations” for its customers. This means one insurance policy […]

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