North America

Articles

Library: Accenture – Wealth management: The new state of advice

Executive summary: A lot can change in a short time. The events over the last year accelerated an industry-wide shift in consumers’ need for financial advice like never before. ...

OpenLegacy: TDI InsurTech Innovation Award 2021 finalist pitch deck and video

OpenLegacy is a finalist of The Digital Insurer 2021 InsurTech Innovation Awards. Below is the finalist deck used by the company during the Award finals held in partnership w...

Library: Property & Casualty360º – As insureds lean on the industry, insurers lean on data

Executive summary : Data also assists in developing a more agile organisation, which is especially important at a time when some insurers have had to do more with less. The ...

Library: The Conversation – Choosing health insurance is so complicated, 23% of workers with only two choices picked the worse one

Executive summary : Almost a quarter of employees faced with the choice of two employer-sponsored health care plans picked the one that left them worse off financially, even though...

McKinsey – How US insurers can build a winning digital workforce for the future

Executive summary : The insurance industry is facing one of the most profound disruptions in decades. Technologies including machine learning, artificial intelligence, telematics, ...

McKinsey : Implications of coronavirus for North American life and annuities writers

Executive summary: During the COVID-19 pandemic, businesses are rightly focused on securing their employees’ and customers’ safety, as well as keeping their doors open with ...

PWC : COVID-19 and the Insurance Industry: Issues and actions to consider

Executive summary : The World Health Organisation declared the coronavirus (COVID-19) to be a global pandemic on March 11, 2020, escalating from a declaration of a public health ...

BMC: Willingness to adopt wearable devices with behavioural and economic incentives by health insurance wellness programs

Article Synopsis : Wearable tech has been hailed by some as the route to accessing the kind of data that is going to drive big data and advanced analytics in insurance and in ...

TDI LIVEFEST 2019 North America Startup InsurTech Award Winner – INSURIFY

Congratulations to INSURIFY! After listening to presentations from four Digital Insurer Startup InsurTech Awards finalists, and taking part in a Q&A panel session, purely ...

Deloitte: Modernising data and analytics capabilities for long-duration contracts success

Article Synopsis : The new accounting standards released by the Financial Accounting Standards Board (FASB) in 2018 will force insurers to become more agile in how they manage, ...

TDI and SMA announce alliance partnership for North America and launch Global Survey on General Insurance

TDI SMA Partnership Announcement The Digital Insurer (TDI) and Strategy Meets Action (SMA) are pleased to announce a strategic alliance in North America to accelerate the digital ...

Insurers come up short for independent agents, despite critical role agents play in driving business

Article Synopsis : It may seem self-evident that the more satisfied an independent insurance agent is with a carrier, the more business they will place with that carrier. ...

The new insurance workplace

Article Synopsis : Insurance might view itself as a fast-moving 21st-century industry, but that’s not a view shared by everyone. Employees and customers tend to view the ...

Big data and AI executive survey 2019

Article Synopsis : This survey looks into how big data and artificial intelligence (AI) are accelerating business transformation – and whether, in fact, they are Investment is...

Livefest 2018 North America Insurance Innovation Award Pitch – Verisk

Verisk Award Pitch for North America Insurance Innovation awards by Elizabeth Casas, Managing Director Energy & Insurance, Verisk

TDI LIVEFEST 2018 North America Insurance Innovation Award Winner – VERISK

Congratulations to Verisk! After listening to presentations from four Digital Insurer Insurance Innovation Awards finalists, and taking part in a Q&A panel session, purely ...

Global LiveFest Digital Innovator Richard Leftley – Reaching New Insurance Consumers

This article on the development of microinsurance for emerging consumers is by Richard Leftley, the founder & CEO of MicroEnsure, and one of The Digital Insurer’s Digital ...

The US Market

The market As over 70% of TDI subscribers are based outside the US, we’ll kick off with a primer. The US insurance market is by far the largest in the world, representing a ...

Global LiveFest Digital Innovator Nick Pester – We need to talk about… disruption

Nick Pester, Capital Law Partner, Head Of Insurance & InsurTech is one of The Digital Insurer’s Digital Innovators for Europe at our Global LiveFest 2018. We need to talk ...

Global LiveFest Digital Innovator Matteo Carbone – Five Dispatches From InsurTech Survival Island infographic

This article is co-authored by Matteo Carbone, Director of the IOT Insurance Observatory, and one of The Digital Insurer’s Digital Innovators for Europe at our Global ...

Personal Sedan Sales in Jeopardy as U.S. Auto Market Transitions to “Islands” of Autonomous Mobility

Article Synopsis : This press release and related video from KPMG predicts that self-driving cars and mobility services will combine to reduce the consumer desire to own cars, ...

Data-driven opportunities in Smart Home for Insurers – Verisk Report

Article Synopsis : Beyond connected car insurance, connected homes are the logical next frontier in the IoT-driven productisation journey for insurers. “Data-driven ...

The Digital Transformation to Customer Centricity – Wyde

Article Synopsis : Insurers have historically prioritised products and traditional distribution channels above customers and their needs. However, the emerging digital landscape ...

Key Regulatory Challenges For Insurance Industry 2017 – KPMG

Article Synopsis : The insurance industry faces increasing regulatory risks and challenges driven primarily by the rising incidence of cyber-attacks, the growing importance of ...

The agent of the future – EY Survey Report

Article Synopsis : Technology advancement and ubiquitous connectivity enable people to stay in touch and interact in real time, ultimately rewriting the rules of customer ...

2017 Insurance Outlook – Deloitte Report

Article Synopsis : In addition to macroeconomic, social, and regulatory changes likely to impact the industry, insurers are coping with digital game-changers including the ...

2017 US P&C Insurance Outlook – EY Report

Article Synopsis : The US P&C industry is at an inflection point. A dynamic technology landscape and policy changes proposed by the new Trump administration require P&C ...

Digital Insurance – It’s not about the technology

It has to be all about the customer Introduction When Michael Reid asked me if I’d be willing to write this article for the ALUCA (Australasian Life Underwriting and Claims ...

The U.S. Sharing Economy – Mitsui Global Monthly Report

Article Synopsis : “The New Normal: The US Sharing Economy” from Mitsui Global is a concise report on the emerging U.S. sharing economy. The sharing economy refers to “an ...

Embrace change in changing times – KPMG Survey Paper

Article Synopsis : “Embrace change in changing times” from KPMG shares results of their annual CEO Outlook conducted with CEOs of 41 large U.S.-based insurers on a range of ...

Cybersecurity in the Insurance Call Center: They Can’t Hack What You Don’t Hold

We all know that the U.S. has a number of different data privacy regulations, like HIPPA and the Social Security Number Protection Act. But, did you know that there is no ...

Analysis of US P&C Insurance Customer-Facing Mobile Apps – Cognizant

Article Synopsis : Advancements in mobile tech and a growing array of smartphone-app toolkits present fresh options to carriers struggling with digital customer engagement. “An...

The Hallmarks of Digital Leadership in P&C – McKinsey

Article Synopsis : When it comes to sustaining strong performance, certain digital capabilities and practices matter more than others. The McKinsey report “The Hallmarks of...

Digital Disruption In Small Biz Insurance-BCG & Morgan Stanley

Article Synopsis : Insurers seem to embrace the notion that many small businesses in the US – those with up to 30 workers – will eventually buy insurance directly ...

Cyber Crime, Liability Insurance & Cyber Security-SnoopWall & Zon Re

Article Synopsis : According to the World Bank cyber crime will outpace drug crime reaching $600B in damages this year. Accordingly the Cyber Liability Insurance market is ...

Not Just Machines Will Power Digital Innovation – Cognizant

Article Synopsis : Technology driven automation leads to more agile operations and cost savings, but there is also the perception that it pushes humans to the periphery. In ...

Smart & Connected Ecosystem for Faster Return to Work – Cognizant

Article Synopsis : The last two years have been good for the worker’s comp and disability insurance sectors in terms of premium growth, but losses due to continuing medical ...

The Digital Mandate for Health Plans – Cognizant whitepaper

Article Synopsis : Digitisation is rewriting the rules of insurance distribution and servicing with incumbent companies at risk of being left behind in an increasingly mobile, ...

2016 EY US life-annuity insurance outlook – EY Report

Article Synopsis : 2016 is expected to be a challenging year for the US Life-Annuity market with fundamental changes from rapid technology advances, rising customer ...

Can InsurTech be disruptive without causing disruption? 360Globalnet tell me how!

In the 21st century, there is no doubt that the world of insurance has gone digital. But there is more to it than just “going digital”. The latest generation of ...

Atidot – fortune telling for the insurance industry

In the world of InsurTech, there are Distribution players and there are Data players. When I look at the Data players, I see that they are essentially doing two things. First, they...

Thriving in the coming insurance industry transformation – KPMG

Article Synopsis : As Warren Buffett, owner of GEICO, put it recently, “If you could come up with anything involved in driving that cut accidents by 30, 40, 50 percent, that ...

The InsurTech Spectrum – the 7 colours of digital innovation

It is almost a year since I published my first post on Daily Fintech and this one is my last. The subject back then was simply ‘where’s the Insurance Tech in Fintech?’ One ...

How to Thrive in a Stagnant Auto Insurance Market – Driveway

Article Synopsis : The U.S. auto insurance market though huge ($175b) has been relatively flat in terms of real growth over the last decade. Growth at the carrier level has come ...

“Show Me the Data”… the New UBI Mantra

With the proliferation of telematics devices, whether aftermarket or factory installed, and mobile tracking and recording apps, the era of the connected vehicle is upon us – and ...

Why Mobility Matters to U.S. P&C Insurers – Cognizant Report

Article Synopsis : Product differentiation has become increasingly difficult in insurance. As a result insurers are striving for service differentiators such as convenience and ...

Google Insurance – ready to launch in the United States?

Google is expanding its insurance distribution capabilities Following some excellent primary research by Forrester analyst Ellen Carney it is becoming clearer that Google is close ...

The digital Insurer reports on google's entry into car insurance

Digital thinking for product bundling in insurance

This article from guest author, Sathyanarayanan Sethuraman, looks at the practice of product bundling in the United States. It examines ways to move away from using price as the ...

Product bundling in insurance from The Digital Insurer

Social Media – New Customer Engagement Tool

Article Synopsis : Small and marginal changes in the distribution channel of an insurance company may be subtle, but the cumulative effect can make a significant impact. In an ...

Agents of the Future: The Evolution of Distribution – McKinsey

Article Synopsis : The emergence of digital technology and platforms like smart phones, tablets, and cloud-based systems are going to significantly impact the distribution channel...

Social Media & online marketing – what’s the real deal? – B. H. Burke & Co

Article Synopsis : Digitisation is the new buzzword in the insurance industry, but how many of the insurance players understand its actual worth. While the business opportunities ...

Digital Innovation & big data – Community insurance for fertility treatment

On 8th August 2013 The Glow app was launched with personal backing from Max Lechvin a founder of PayPal. The Glow app is an ambitious attempt to improve the world’s ...

Glow big data and a digital app transform fertility insurance

Cigna gets digital

A short article looking at how Cigna in the United States is making some bold steps in deploying a well thought out digitally enable customer centric engagement strategy. Digital ...

Event: Data + AI = Transformation

The opportunities to harness both data and AI for advantage in commercial lines are enormous. The industry has a rich set of data, and the sources and volumes of data continue to ...

Securing the Digital Experience: Implications for Insurers

Insurers are in the middle of a multi-year transformation focused on the digital experience, accelerated by lessons learned from the pandemic and shifting customer expectations. ...

Acculitx – Comprehensive Driver Scoring and Risk Assessment

Virtual Event: The Insights to Solutions Series | Digital Priorities – Commercial Lines

Strategy Meets Action and The Digital Insurer have joined together to offer insurers an innovative and comprehensive virtual event that goes well beyond the traditional webinar ...

Adlib – Automated data capture

Adlib is tackling one of the most vexing questions facing aspiring digital insurers today. Specifically, how to make sense of terabytes of unstructured data spewing out from ...

Watch Replay: Reinventing the Insurance Customer Journey

Reinventing the Insurance Customer Journey ...

Aflac Corporate Ventures

Supplemental insurance provider Aflac has announced the launch of Aflac Corporate Ventures, which will raise $100 million by 2020 to invest in early-stage companies developin...

AIG pumps up digital at asset-management unit

In Q2 2017, AIG’s Valic, its digital services unit reached US$99.2bn from US$95.2bn in assets under management at the start of the year. Although AIG has invested plent...

Airsurety – Instant travel life insurance

Airsurety is a New York based startup focusing on accidental deaths that take place during air travel and offers affordable, instant and easy to purchase term life insurance ...

Virtual Event: The Insights to Solutions Series – Digital Underwriting, Register now

Strategy Meets Action and The Digital Insurer have joined together to offer insurers an innovative and comprehensive virtual event that goes well beyond the traditional webinar ...

Allianz builds digital wealth management with Moneyfarm

With an aim of deepening its digital wealth management capabilities, Allianz has become the largest minority shareholder of Moneyfarm, a digital wealth manager. The partnersh...

Allianz declares strategic partnership with American telehealth platform

A Boston-based telehealth platform called American Well has received US$59.2m investment from Allianz X, the digital investment unit of Allianz. The partnersh...

Virtual Event: THE INSIGHTS TO SOLUTIONS SERIES – DIGITAL DISTRIBUTION

Strategy Meets Action and The Digital Insurer have joined together to offer insurers an innovative and comprehensive virtual event that goes well beyond the traditional webinar ...

Allstate has developed a series of games and videos targeted at teenage drivers

Allstate Rewards, a new program to promote safe driving

Allstate Rolls Out New Mobile Drive-in Inspection Center

Allstate uses telematics to offer discounts to drivers

Amazon Alexa and Echo – Embodiment of the go to AI

Alexa is Amazon’s pioneering virtual assistant that powers Amazon’s Echo and other voice recognition devices. The current functionality allows user to ask simple questi...

American Family Insurance Promotes Use of Smart Home Technology

Annexus Ventures

Annexus Ventures is the venture capital arm of Annexus Retirement Solutions, focused on making early investments in InsurTech, FinTech and software startups. It offers a weal...

Webinar: Drive Growth by Reinventing Agent – Carrier workflow using Salesforce

Watch Webinar Replay Watch this Insights to Solutions Spotlight session to understand emerging new strategies and solutions around commercial lines submission. Learn how ...

Aon and Zesty.ai Partner to Enhance Property Underwriting with AI Data

Aon and Zesty.ai together have entered into a strategic alliance to leverage artificial intelligence to upgrade Aon’s underwriting capabilities.

According to Aon, Zest...

Aon and Zesty.ai Partner to Enhance Property Underwriting with AI Data

Webinar replay: Invigorating the P&C document intake process with AI – Use case examples with AmTrust Financial Services and o...

Watch Webinar Replay One of the biggest operational challenges that P&C insurers face is managing the huge volume of documents that come into their business enterprise – via ...

Arceo.ai Launches to provide Insurance Carriers Cyber Resilience Solutions

Arceo.ai enables insurance carriers to automate and enhance their cyber insurance solutions, while simultaneously increasing the security of their enterprise clients through ...

Argo Risk Tech – Leveraging IoT to Reduce Risk

Insurers are increasingly interested in promoting internal rather than external disruption, that is, to take advantage of emerging trends and business models themselves befor...

Assurance – Proposal visualization platform

Assurance is a US based company that helps brokers and agents sort and identify the best life insurance policy for each client’s needs by visualizing different guarante...

Webinar: ITC + DIA World Tour

Take a journey with ITC across the globe as they showcase insurtech innovation. Plan your personal tour and select from over 30 stops across three regions – Americas, EMEA ...

Assurant Invests in Mojio to Explore Digital Protection and Support Solutions for Vehicle Owners and Partners

Assurant, Inc is partnering with Mojo, a technology platform and SaaS provider for connected cars to explore digital protection and support solutions for vehicle owners and a...

Avibra app integrates well-being and life insurance

Launched in 2019 by Yogesh Shetty, the Avibra app offers a solution that fully integrates both everyday well-being and life insurance protecti...

Avinew, the InsurTech Company for the Age of Autonomous Vehicles, Raises $5 Million in Seed Funding Led by Crosscut

Avinew a Calif.based Insurtech startup specializing in insuring autonomous and semi-autonomous vehicles has announced the raising of $5M in seed funding.

Avinew is des...

Avinew, the InsurTech Company for the Age of Autonomous Vehicles, Raises $5 Million in Seed Funding Led by Crosscut

Aviva Ally Launches for Commercial Insurance Brokers

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 applica...

Watch Replay: THE INSIGHTS TO SOLUTIONS SERIES – DIGITAL COMMUNICATIONS

Strategy Meets Action and The Digital Insurer have joined together to offer insurers an innovative and comprehensive virtual event that goes well beyond the traditional webinar ...

Watch Replay: THE INSIGHTS TO SOLUTIONS SERIES – DIGITAL PAYMENTS

Strategy Meets Action and The Digital Insurer have joined together to offer insurers an innovative and comprehensive virtual event that goes well beyond the traditional webinar ...

Watch Replay: THE INSIGHTS TO SOLUTIONS SERIES – DIGITAL PLATFORMS

Strategy Meets Action and The Digital Insurer have joined together to offer insurers an innovative and comprehensive virtual event that goes well beyond the traditional webinar ...

AXA accelerates payer-to-partner strategy with acquisition of Maestro Health

AXA has acquired Maestro Health, a Chicago-based US health benefit administration digital company for a total consideration of US$155m. It will operate as a 1...

InsureTech Connect & TDI 2020 Innovation awards and China Ecosystems

View Session Recordings Watch InsurTech Innovation Awards Watch Ecosystems in China webinar Watch Insurer Innovation Awards Congratulations to Winners Event Statistics ...

AXA signs multi-year agreement with Oscar Health

Oscar has entered into a multi-year quota-share reinsurance transaction with AXA’s International Employee Benefits (IEB) division. The partnership comes...

Baron Telematics Weather – A preventive tool to reduce claims

Baron is a weather intelligence solution provider, which has taken telem...

Beam Technologies Connects Dental Insurance to Smart Toothbrush

Benefitfocus Introduces Property Insurance to its Platform

Benefitfocus, a management software provider for the benefits industry, announced the expansion of its proprietary platform to cover personal lines insurance offerings on top...

INSURTECH CONNECT

The Digital Insurer was pleased to be invited to Insurtech Connect Vegas this year, as part of our new partnership with the ITC team (TDI is working with ITC to launch ITC Asia 2-4...

Canary’s Smart Home Solution

Car2Go car sharing and insurance

Car2Go is a German car rental company which is a subsidiary of Daimler AG providing carsharing services in urban areas in Europe, North America, ...

Cardiogram Launches Insurance Program for Wearable Technology Users

In partnership with Amica Life and Greenhouse Life Insurance, Cardiogram – a Health App developer has announced the launch of – Accidental Death insurance coverage for ...

Care Bridge International Announces Its Actuarial Endorsement

Care Bridge International has announced that it has received actuarial endorsement for accuracy in projecting the medical portion of workers’ compensation claims. The ...

Carpe Data launches ClaimsX platform

Carpe Data is an emerging and alternative data products provider for the insurance industry. The provider has launched ClaimsX which is a new Data-as-a-Service (DaaS) claims ...

The Digital Insurer Global LIVEFEST 2018

Post Event Material: View Event Highlights View Event Recordings GO TO LIVEFEST 2018 ZONE The Digital Insurer Global LIVEFEST 2018 is an inclusive event engaging the entire digital...

Chisel Wins Gold at Zurich Innovation World Championship

Chisel AI is a North American insurtech specializing in text-based big data analysis that allows commercial insurers, reinsurers and brokers to extract, identify and classify...

THE 2018 SMA SUMMIT

For seven straight years, the SMA Summit has been focused on sharing and showcasing insurer success stories, lessons learned, and insurer use cases that reflect their ...

Chubb Boosts Cyber Risk Underwriting with CyberCube Analytics Software

Chubb is partnering with a San-Francisco based cyber risk analytics vendor called CyberCube to boost its Cyber Risk Underwriting.

Chubb launches enhanced TankSafe system for brokers

In the US, Chubb has launched a technology platform called TankSafe for brokers in the management of commercial underground and above ground storage tank insurance. The platf...

Chubb Partners With Hartford Steam Boiler to Deploy Innovative Internet of Things Sensors in Homes and Businesses

Chubb in partnership with Hartford Steam Boiler (HSB) Inspection and Insurance Company (a unit of Munich Re) are installing IOT based technology in the homes and businesses o...

Chubb reveals new cybersecurity app for commercial clients

To protect US and Canadian commercial enterprises during cyber breach, Chubb launched a new Cyber Alert mobile application designed to give customers rapid incident response ...

Cisco, Apple, Aon, Allianz introduce a first in cyber risk management

Allianz, Cisco, Apple and Aon have together launched a cyber risk management solution for organizations to better manage and protect themselves from cyber risk associated wit...

Civic – Take control of your identity

Civic is a Blockchain-based identity management tool which aims to reduce identity theft and fraud online. Civic uses Blockchain technology to protect user identities throug...