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Insurance
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402

Startup Oscar Posts $105 Million Obamacare Loss in 2015

By Zachary Tracer for Bloomberg

Startup Oscar Health Insurance Corp. lost $105.2 million in its New York and New Jersey businesses last year, a sign that insurers of all sizes are struggling in the new markets created by President Barack Obama’s health-care overhaul. (more…)

Fintech news, Insurance

October 2, 2016

381

Is Insurance Bintcoin’s Killer App?

by Justin Oconnel for Hacked

An insurance platform based on the blockchain. That’s what those pesky blockchainers – who find themselves on the cutting edge of fintech – find themselves now considering for an industry long marred by hacks, loss of coins and other compromised value. (more…)

Blockchain, Insurance

September 29, 2016

460

Peer-to-peer companies set their sights on disrupting the insurance industry

By Luke Graham for CNBC

Start-ups are using new strategies to bring disruption to the trillion-dollar insurance industry.

(more…)

Insurance

September 24, 2016

563

P2P insurance firm Lemonade launches out of stealth, powered by chatbots, morals, and big bucks

By Paul Sawers for VB

Lemonade, a peer-to-peer (P2P) insurance firm that’s been in stealth for a year, has finally launched to the public in its first market. (more…)

Insurance, news

September 22, 2016

Insurtech startup FinanceFox raises $28M in Series A

By Finextra

FinanceFox, Europe’s leading independent service platform for insurances, brokers, and consumers, announced today that it has raised $28M – the largest InsurTech round in Europe to date – led by Target Global and Horizons Ventures. (more…)

Deals, Insurance

September 21, 2016

799

InsurTech Conference 2016

InsurTech 2016 aims to be the knowledge-exchange platform to foster synergies among market players to find solutions to implement and promote best innovative insurance practices in a collaborative, open and transparent manner. From keynote speeches to fireside chats, panels, showcasing, startup pitches and users cases from entrepreneurs and insurance professionals within the InsurTech ecosystem, join us in the inaugural global event focused on insurance & technology. (more…)

Hotnews, Insurance

September 14, 2016

637

A major insurance firm just joined this blockchain consortium

By Lynsey Barber for CityAM

The blockchain consortium R3 has signed up yet another new member, this time the major US insurance firm MetLife. (more…)

Analytics, Blockchain, Cryptocurrencies, Insurance

September 1, 2016

504

How fintech can lift the insurance sector

The Insurance Regulatory and Development Authority of India (Irdai) came out with draft regulations for insurance e-commerce in June. Irdai hopes to lower the cost of transacting insurance business, and improve efficiencies and reach through these norms. E-commerce is also seen as an effective medium to improve financial inclusion in a cost-efficient manner, the draft said. (more…)

Global trends, Insurance

August 22, 2016

485

German insurance startup Clark closes €13.2M Series A

By Steve O’Hear for Techcrunch.com

When I spoke with Jan Beckers, chairperson of fintech company builder FinLeap, earlier this year, he was particularly bullish about the insurance sector and the shake up he expects insurance brokering to receive because of new technology. That’s something we are starting to see happen. (more…)

Deals, Insurance

August 2, 2016

807

The new-world insurance agent

By Peter Colis for Techcrunch

Silicon Valley is building the new-world insurance agent. My grandfather started selling insurance in the 1950s and insurance eventually granted him the American dream. (more…)

Fintech news, Global trends, Insurance

April 17, 2016

688

Contactless soaring in popularity

Contactless now makes up one in five of all face to face card payments under £30, figures show after a five fold increase in their use by shoppers.

(more…)

Cashless, Global trends, Insurance

April 4, 2016

876

The insurance tech equation

By Choon Yan for Techcrunch.com

Insurance policies can be complex, and some policyholders may not understand all the fees and coverages included in a policy. (more…)

Global trends, Insurance

April 4, 2016

804

Slice Labs raises $3.9M to insure on-demand workers when they’re on the job

By Anthony Ha for techcrunch.com

Tim Attia, co-founder and CEO of Slice Labs, said there’s “a ticking time bomb” threatening the on-demand economy — namely, insurance and liability. (more…)

Global trends, Insurance

March 29, 2016

3816

Insurtech

This year insurance companies, witnessing tremendous changes taking place in the banking sector, intensified research and collaborations with startups in the sector.

Read our full research “Money of the Future”. Download PDF (20MB)
(more…)

Fintech news, Global trends, Hotnews, Insurance

March 23, 2016

1357

Infographic: Millennials More Likely to Purchase Insurance From Tech Firms

By FintechNews Switzerland

Changing behaviors and preferences from Millennials combined with the emergence of technologies such as the Internet of Things (IoT), is pushing the insurance industry towards massive disruption, according to a new report by Capgemini and Efma. (more…)

Fintech news, Global trends, Insurance

March 21, 2016

Why venture capital firms are pouring money into health insurance

(more…)

Fintech news, Global trends, Insurance

March 19, 2016

4459

7 Flavors of FinTech in insurance

by Roger Peverelli and Reggy de Feniks, founders of Digital Insurance Agenda and DIA Barcelona

VC investments in insurance fintech firms quadrupled compared to 2014. NYC health insurance start-up Oscar became the posterchild for customer engagement, the proof that insurance could be made sexy.

Read our full research “Money of the Future”. Download PDF (20MB) (more…)

Fintech news, Global trends, Hotnews, Insurance

March 15, 2016

1517

China Tightens Restrictions on Insurance Purchases in Hong Kong

By Zheping Huang for the Quartz.com 

China has issued new restrictions on citizens buying insurance in Hong Kong, the latest move to stem capital outflow and keep the renminbi strong. (more…)

China, Fintech news, Government activities, Insurance

March 15, 2016

1527

10 Insurtechs for dramatic cost savings

By Roger Peverelli and Reggy de Feniks
Roger and Reggy are the founders of Digital Insurance Agenda and DIA Barcelona and the authors of the worldwide bestseller ‘Reinventing Financial Services’.

Winning insurtechs are those that tap into the key challenges insurance carriers are facing. In this post the second of seven different flavours of winners in fintech insurance: Insurtechs that drive dramatic cost savings. (more…)

Analytics, Fintech news, Global trends, Insurance

March 9, 2016

893

The changing face of insurance

By Jennifer Fitzgerald for Techcrunch.com,

It’s only 2016, but the real world is quickly moving into the realm of science fiction. Drones, driverless cars and not-really-hoverboards are (or soon will be) commonplace. (more…)

Fintech news, Insurance

March 9, 2016

621

This is how Australia is changing to become startup friendly

In interviews with the Australian Ambassador to Israel and StartupAUS’ Acting CEO, Geektime learned how Australia is making big changes to grow their ecosystem (more…)

Banks, Deals, Fintech news, Global trends, InspirAsia, Insurance, news

March 4, 2016

627

The Next Billion-Dollar Insurer

By Jay Farber for Techcrunch.com

Venture capital-backed insurance success stories have risen at a regular drumbeat over the last few years: 2011 brought the billion-dollar Esurance acquisition, 2012 brought the wildly successful Guidewire IPO, 2013 brought the large Climate Corporation acquisition and 2014-2015 brought Zenefits to prominence. (more…)

Fintech news, Insurance

February 20, 2016

555

Still Stealthy, New Insurance Company Lemonade Continues To Impress With New Hire, Dan Ariely

By Jonathan Shieber, for techcrunch,

The insurance industry as it currently exists is, by all accounts, terrible. (more…)

Fintech news, Insurance

February 19, 2016

557

The Health Sector Needs Tech Giants

By Carla Smith for Techcrunch.com

Big companies around the world have made – with varying degrees of success – plays at breaking into the health sector. Google and Apple are prime examples.

(more…)

Fintech news, Global trends, Insurance

February 18, 2016

618

Deals: Driving Analytics Startup Zendrive Circles $13.5 Million Series A

By Connie Loizos for Techcrunch.com

Zendrive, a startup that uses smartphone sensors to measure drivers’ behavior, has raised $13.5 million in Series A funding led by Sherpa Capital, with participation from Nyca Partners, Thomvest Ventures, and earlier backers First Round Capital, BMW i Ventures, Fontinalis Partners. Tad Montross, who’s the chairman and CEO of General Re Corporation, also joined the round. (more…)

Deals, Fintech news, Insurance

February 17, 2016

Deals: The Zebra, A “Kayak For Auto Insurance,” Grabs $17 Million

By Sarah Perez for Techcrunch.com,

Austin-based The Zebra, a startup that’s something of a “Kayak for auto insurance,” has been working to bring the process of shopping for insurance online, where consumers can more transparently compare quotes and understand how insurance companies determine rates. Now the company has raised an additional $17 million in Series A funding led by Ballast Point Ventures. (more…)

Deals, Insurance

January 27, 2016

527

Deals: PolicyGenius Raises $15 Million For Its Online Price Comparison Insurance Brokerage

By Jonathan Shieber for Techcrunch.com,

Brooklyn-based PolicyGenius has raised $15 million in a new round of funding to expand its price comparison insurance brokerage service. (more…)

Deals, Fintech news, Insurance

January 14, 2016

517

Deals: Insurance Brokerage App FinanceFox Raises $5.5M Led By Salesforce Ventures

By Steve O’Hear for Techcrunch.com,

Like Knip, FinanceFox is another startup founded in Switzerland that is moving the insurance brokerage process online. Its mobile app lets you manage of all your existing insurance and get advice regarding gaps in your coverage or ways to save money on your insurance requirements going forward. (more…)

Deals, Fintech news, Insurance

January 12, 2016

651

Seven flavours of fintech in insurance

By Roger Peverelli and Reggy de Feniks
Roger and Reggy are the authors of the worldwide bestseller ‘Reinventing Financial Services’ and the founders of Digital Insurance Agenda and DIA Barcelona

Successful insurtechs tap into the key challenges insurers are facing. A sneak peek at the seven different flavours of winners in fintech insurance. Insurtechs that accelerate the digital transformation of the industry. (more…)

Fintech news, Insurance

January 11, 2016

863

The “Uber of Insurance” is here

BY LYNN BRACKPOOL GILES for lifehealthpro

Here are two words you don’t often hear in the same sentence: revolutionary and insurance.   (more…)

Fintech news, Global trends, Insurance

January 7, 2016