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588

Insurtech, Interview with Sam Evans, Founder of Eos Venture Partners

By FinSMEs

According to CB Insights, vc activity related to insurance startups hit its highest annual total in 2016 with $1.69B invested in 173 deals.
In this space, one of the first cases on thematic investors focused exclusively on investing in insurance startups comes from London with Eos Venture Partners, an independent and specialist InsurTech investment and advisory firm launched by Sam Evans.

(more…)

Analytics, Insurance, People of fintech

January 27, 2017

545

Got a burning financial question? This Singapore-based portal aims to address them

By Yon Heong Tung for e27

fundMyLife gives users the freedom to ask financial questions without the need to entertain sales pitches. (more…)

Fintech news, Insurance, Interviews, Singapore

January 26, 2017

1532

Singapore’s FinTech Industry Is on the Way to Global Leadership

By Elena Mesropyan for LTP

“Singapore has established an enviable position as a leading Asian financial technology center with an exciting innovation ecosystem, a great talent pool and fantastic infrastructure. It also boasts a business-friendly environment so it was therefore an obvious winner when considering locations for new headquarters for our global operations,” said, Yoshio Tomiie, Head of Commerce at Senjō Group, a privately held investment firm, at the unveiling of the company’s new global HQ in Singapore. (more…)

AI / Machine Learning / Big Data, Blockchain, Crowdfunding/investing, Cryptocurrencies, Financial Markets / Trading, Fintech news, Hotnews, Insurance, Mobile payments/banking, p2p/online lending, Payment processors/providers/gateways, RegTech, Remittances, Security, Singapore

January 26, 2017

1000

31 P2P Insurance Startups Capitalizing on the Power of Virtual Communities

By Elena Mesropyan for LTP

While the commercial value of social networks has yet to be discovered by the corporate world, technology startups are already employing it to build solutions entirely based on social connectivity. (more…)

About, Insurance

January 25, 2017

854

7 Fintech Startups in India to Know

By

With more than 400 companies including 200 startups, India has quickly emerged as a fintech products hub. In 2015, these ventures attracted US$420 million in funding, according to a report by the National Association of Software and Services Companies (NASSCOM). (more…)

Fintech news, India, Insurance, Marketing Report, Mobile payments/banking, Payment processors/providers/gateways

January 25, 2017

433

Cuvva launching pay-as-you-go car insurance aimed at infrequent drivers

By  for TechCrunch

Cuvva, the Scottish startup that reckons it’s spotted a gap in the market by offering hourly car insurance sold through a mobile app, is set to launch a novel and potentially disruptive new type of car insurance designed for infrequent drivers. (more…)

Deals, Fintech news, Insurance

January 25, 2017

893

China’s fintech industry shows where the rest of the world is heading

By  for TechInAsia

“We need banking but we don’t need banks anymore,” said Bill Gates two decades ago, predicting the explosion in startups creating web and app-based financial services that we’re seeing right now. With nearly US$11 billion last year invested into so-called fintech startups across Asia, the sector is rivaling online shopping and ride-hailing among the hottest tech arenas. (more…)

About, China, Credit scoring, Fintech news, Insurance, Marketing Report, Mobile payments/banking, Mobile-first banks, p2p/online lending

January 21, 2017

Neosurance Wins “Phase 1” of Horizon 2020’s SME Instrument, the Prestigious European Prize That Supports Research and Innovation

By LTP

Neosurance Wins "Phase 1" of Horizon 2020's SME Instrument, the Prestigious European Prize That Supports Research and InnovationNeosurance, the innovative startup that proposes technological solutions for insurance companies, has been selected by the European Commission as the winner of HORIZON 2020 “Phase 1” – a prestigious European award for research and innovation – thus benefiting from a 50.000 euro grant. (more…)

AI / Machine Learning / Big Data, Fintech news, Insurance

January 21, 2017

563

Where Insurers and Reinsurers Invested in Tech Startups in 2016

By CB insights

Thematic areas that attracted strategic investment in 2016 included cybersecurity, property management software, IoT, and digital insurance distribution. (more…)

Analytics, Deals, Fintech news, Global trends, Insurance

January 20, 2017

505

In the future, AI could also mean auto insurance

By  for TechCrunch

Solaria Labs, Liberty Mutual Insurance’s tech incubator, has created an API developer portal to bring together public data and “proprietary insurance information” to help users find potentially safer routes — and help them assess damage when that doesn’t work out. (more…)

Accelerators/Incubators/Labs, AI / Machine Learning / Big Data, Fintech news, Insurance

January 20, 2017

912

Internet-of-Things Poised to Disrupt Banking and Insurance

By

The Internet-of-Things (IoT) is set to be one of the biggest technological transformations on the horizon, promising to radically change the way we live and how we conduct business. (more…)

Analytics, Banks, Global trends, Insurance, Marketing Report

January 18, 2017

2431

The Top 10 Insurtech Trends For 2017 That Set The Digital Insurance Agenda

By Roger Peverelli and Reggy de Feniks

The beginning of the year is usually the time to predict key trends for the year to come, and so it goes with the insurtech sector as well. Most lists focus on the latest sexy technologies and applications, but after a year, we find these have hardly gained any traction, so cannot really be considered “trends”. To call something a key trend, new and innovative isn’t enough. It requires adoption at scale. We therefore decided to take a different approach, resulting in quite a different kind of list. (more…)

About, Fintech news, Global trends, Hotnews, Insurance

January 18, 2017

482

InsurTech startup Digital Fineprint joins Accenture innovation lab

By Finextra

Digital Fineprint, an InsurTech startup that harnesses social media to super-charge insurers online propositions, has been selected to take part in Accenture’s Fintech Innovation Lab in London, from over 300 applicants. (more…)

Accelerators/Incubators/Labs, Fintech news, Insurance

January 17, 2017

465

Insurance Incumbents Turn To Big Data, Partnerships To Keep Pace With Startups

By CB Insights

The insurance landscape is going through tremendous change, and policy reform is not the biggest challenge on the horizon. Data analytics, machine learning, and a surge of new entrants are disrupting the traditional insurance model and creating easier, more affordable access to coverage. (more…)

About, Global trends, Insurance

January 16, 2017

612

Innovation under the hood will rev the engines of a fintech revolution

By  for TechCrunch

When the internet was first created in the 1970’s and 1980’s with the introduction of the ARPANET its early years were focused on the development of infrastructure and protocol — beyond the knowledge and far away from the consciousnesses of the general public. (more…)

Analytics, Banks, Cryptocurrencies, Fintech news, Global trends, Insurance, p2p-payments, PFM/PFP services

January 15, 2017

613

Insurance Tech Startups Raise $1.7B Across 173 Deals in 2016

By CB Insights

Two of every three insurance tech deals in 2016 took place at the early-stage. (more…)

Analytics, Deals, Fintech news, Insurance

January 15, 2017

513

Traditional Insurance Companies Forced By Insurtech To Innovate In 2017

By  for Fintechnews Singapore

The insurance industry had given us amenities that we take for granted today. For instance, the fire station is the invention of insurance companies. After the Great Fire of London, insurance companies built the modern fire stations to fight fires against buildings which they insured. Over time, they pooled their resources together to form the London Fire Brigade in 1865. (more…)

Fintech news, Global trends, Insurance

January 11, 2017

692

584

Insurers tap cyber security ratings to limit liabilities

By  for Financial Times

New breed of start-ups aims to assess strength of companies’ defences against hackers. (more…)

Insurance, news, Security

January 8, 2017

863

The Top Financings And Partnerships In Insurance Tech — 2016 Recap

By CB Insights

From the rise of insurers starting strategic venture arms to a record amount of early-stage deal activity to new partnerships in smart home, distribution, and elsewhere, it’s been a busy year in the world of insurance tech. (more…)

Deals, Fintech news, Global trends, Insurance

December 26, 2016

655

5 Cs of Opportunity in InsurTech

By Shwetank Verma for LTP

Insurance globally is an industry with scale, with USD 4.1 trillion dollars of premium written in 2015 alone.  It is also an industry on the cusp of change – attracting investor interest in record numbers with investments totaling USD 1.4 billion on InsurTech firms in just the first three-quarters of 2016. (more…)

About, Fintech news, Insurance

December 24, 2016

552

Asia’s Own Lemonade: Neosurance & KLCC Runners Group Partner To Offer The First “Push” Micro Insurance To Malaysian Runners

By

Neosurance  and KLCC Runners Group have signed a Memorandum of Understanding for the distribution of microinsurance to KLCC Runners Group growing community members. The microinsurance product will be provided ad hoc by a leading reinsurer and insurer who will be disclosed later, together with the price and features of the microinsurance. (more…)

AI / Machine Learning / Big Data, Fintech news, InspirAsia, Insurance, Malaysia

December 23, 2016

1957

The rise of insurtech in the age of algorithms

By  for Dataconomy

In the internet era, giants of the digital age like Google, Apple, Facebook, and Amazon (GAFA) in Western markets and Chinese powerhouses like Baidu, Alibaba, Tencent, and Xiaomi (BATX) in Eastern markets have been increasingly straying away from their bread-and-butter products and testing the waters in large, established industries like banking. (more…)

AI / Machine Learning / Big Data, Fintech news, Global trends, Insurance

December 22, 2016

570

Pay Only What You Use: Trov On Demand Insurance Shaking Up $1.2tr Industry

By Freddie Dawson for Forbes

No one wants to pay for something while they’re not using it. Yet that is exactly what happens with out-of-the-house contents cover. You pay a premium to insure a device but then that device might sit at home covered by home insurance whenever it’s not in transit or use – wasting money through redundancy. (more…)

Analytics, Fintech news, Insurance, Mobile payments/banking

December 21, 2016

1152

IoT-Powered Transformation in the Insurance Industry

By Elena Mesropyan for LTP

Being one of the most exciting areas of innovation, the insurance industry by-product, InsurTech, attracted more than $1.2 billion in investments in 2015 – six times the amount invested in 2010. According to a 2015 report from WEF,“The most imminent effects of disruption will be felt in the banking sector; however, the greatest impact of disruption is likely to be felt in the insurance sector.” (more…)

Analytics, Fintech news, Insurance

December 20, 2016

436

Hippo gets $14 million to disrupt home insurance market

By  for VentureBeat

We’ve got smartphones and smart homes. Why not smart insurance? Hippo has raised $14 million to disrupt the home insurance market with smarter online service. (more…)

Deals, Fintech news, Insurance

December 15, 2016

Lemonade Raises $34m in Series B Funding

By FinSMEs

lemonade

Lemonade, a New York-based renters and homeowners apartment insurance startup, raised $34m in Series B funding.

The round was led by General Catalyst with participation from GV (formerly Google Ventures), Thrive Capital and Tusk Ventures, as well as existing investors Aleph, Sequoia, and XL Innovate. (more…)

Deals, Fintech news, Insurance

December 6, 2016

513

Neosurance Ramps up After the MEDICI Top 21 – Insurtech

By LTP

Starting from today, a low-cost injury coverage with a daily allowance in case of accident plus medical assistance is available via smartphone. This has been made possible by the recent partnership established between an important international insurance group and the Italian startup Neosurance – winner of the Insurance IoT Newcomer Award in London and the MEDICI Top 21 InsurTech Award. More details about the partnership and the price of the insurance policies will be revealed shortly. (more…)

Fintech news, Insurance

December 4, 2016

607

MAS Unveils New Moves To Boost Fintech Sector in Singapore

By

The Monetary Authority of Singapore (MAS) has announced a series of moves to boost fintech development in the city-state and strengthen ties with other Asian countries. (more…)

Fintech news, Government activities, Insurance, Security, Singapore

December 2, 2016

482

Car Insurance Pricing Is Broken, But Your Phone Could Fix It

By David R. Martin for Wired

AS THE COMMERCIALS make clear, shopping for car insurance can be frustrating. That’s in part because auto insurance pricing is largely a black box for consumers. While the price a consumer pays for insurance is based on a risk estimate derived from demographics, past traffic violations, and claims history, each carrier uses the data in a unique, closely guarded way to calculate a price, and the number of prices for a given risk is as large as the number of insurers. Thus, it is difficult to be sure that you have the best price, or even a decent price, and many consumers are skeptical of the fairness of the entire process. (more…)

Analytics, Fintech news, Insurance

November 29, 2016