Q2 2019 Update
Welcome to the latest edition of our DACH region (D – Germany, A – Austria, CH – Switzerland) newsletter. Here we focus on sharing the latest trends, innovations and market dynamics in the DACH insurance region and analyse their impact on incumbents and startups’ ecosystem structure and profitability potential.
In this quarter’s edition, Frank Genheimer takes a look at the latest entrants and offerings in the InsurTech and FinTech space within the German-speaking countries while Uli Kleber got some deep insights from Professor Sandner at the Frankfurt School of Finance and Management into blockchain and its potential use cases in insurance and beyond.
Enjoy the edition!
Uli Kleber spoke with Prof. Sandner, one of the foremost experts on blockchain in business, who founded the Frankfurt School Blockchain Center in 2015.
The latest roundup of news and information from InsurTech startups and incumbents in Germany, Austria and Switzerland.
IN ACTION EUROPE
Found in 2017, Humanising Autonomy envisions a future where people around the world can naturally and intuitively interact with autonomous systems.
Generali and Google have entered into a strategic partnership aimed to disrupt the traditional insurance industry.
Popsure is an independent online advisory platform in Germany which helps people to understand insurance better and make a well-informed independent decision.
IN ACTION ASIA
Grab, a ride-hailing company is SEA has raised $300 million from Invesco to further boost its drive to become a “super-app” offering a plethora of consumer services.
In HK, Prudential has entered into a regional agreement with HælthTech, a provider of technology solutions and operating platforms for insurers.
Great Eastern Singapore has launched GREAT Family Care, a critical illness term plan that protects three generations in a family within a single policy.
In Action Americas
Benefitfocus, a management software provider for the benefits industry, announced the expansion of its proprietary platform to cover personal lines insurance offerings on top of employee benefits.
Aviva Canada announced the launch of Aviva Ally, a solution that provides commercial insurance brokers with a variety of ways to submit their small business insurance application and easily access Aviva Onpoint™ insurance for small business.
SkyWatch.AI is a data analytics platform which offers drone pilots on-demand insurance solutions.
In Action Global
Gen Re, a global reinsurer has launched a new app ‘NOW’ that uses facial analytics technology to help customers purchase Life, Hospital Cash and Accidental Death insurance policies.
Willis Towers Watson, XL Catlin, MS Amlin, ACORD, EY, Guardtime, A.P. Møller-Maersk, and Microsoft have announced the launch of the world's first blockchain platform called Insurwave which supports marine insurance.
Marsh launched a cyber insurance called as CyberShield cyber risk and data breach insurance policy for medium-sized to large organisations.
Article Synopsis: Driverless cars conjure up images of science fiction films, but in reality, the real life application will be rather more mundane.
Article Synopsis: Europe is trailing behind the global leaders in the development of artificial intelligence (AI) technologies. And unless these companies get with the programme
Article Synopsis: Insurers continue to focus on customer segments, risk appetite, product & services, but must also focus on two additional strategic dimensions that will shape their future.