North America

Articles

Webinar- Invigorating the P&C Document Intake Process with AI: use case examples with AmTrust Financial Services and omni:us

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 paper, email ...

Fetch! debuts searchable database of underwriting guidelines

In the US, distribution-based InsurTech called Fetch! has launched a software application which allows underwriters to search relevant underwriting guidelines on the go, ther...

Element AI brings AI underwriting to GroupAssur

GroupAssur, a Canada-based broker, has partnered with Element AI, which offers AI-based software solutions to optimise its underwriting workflows.

Element AI helped Gr...

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 ...

Farmers Edge and Fairfax Brasil deliver data-driven crop insurance

Farmers Edge, a digital agriculture ecosystem provider, has partnered with Fairfax Brasil to develop bespoke data-driven crop insurance solution for growers in Brazil. The pl...

Northwestern Mutual announces accelerated underwriting capabilities

In the US, Northwestern Mutual has deployed advanced analytics and predictive modelling to boost its underwriting processes for disability insurance product applications.

...

Northwestern Mutual announces accelerated underwriting capabilities

Gen Re and PAI Health partner to improve customer cardiorespiratory health

NAICO partners with DataCubes to advance underwriting productivity

In the US, National American Insurance Company (NAICO) has partnered with DataCubes to leverage its AI-powered underwriting technology in an effort to increase the speed and ...

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 ...

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...

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, ...

Hannover Re and cryptocurrency Sweatcoin Launch Joint Research

Hannover Re’s US life insurance subsidiary has teamed up with digital health company SweatCo Ltd to conduct joint research to identify links between physical activity and ind...

Cytegic and S-RM aim to help incumbents react to cyber threats more effectively

Cytegic, an automated cyber risk management platform, and S-RM Intelligence & Risk Consulting have announced a strategic partnership to leverage Cytegic’s rapid cyb...

Lincoln Financial Group’s new underwriting engine delivers instant life insurance quotes

Lincoln Financial Group provides advice and solutions around retirement, insurance and wealth protection to help support its customers in their lifestyle, savings and income ...

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 ...

Hogan Lovell: Insurance Horizons 2019

Article Synopsis : Hogan Lovell’s Insurance Horizons 2019 is a digest of articles that cover a broad spread of insurance topics, sectors and jurisdictions around the world. We ...

McKinsey: Women in the healthcare industry

Article Synopsis : There’s a bit of a healthcare theme in the library this month. This paper looks at this sector from the point of view of gender equality, pipeline practices,...

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...

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...

Hanover launches customer acquisition platform for independent agents

In the US, Hanover Insurance Group has launched a new digital platform called Insurago which enables independent agents to easily acquire new customers. The platform is power...

Munich Re inks global telematics agreement with The Floow

Munich Re has partnered with the Floow a telematics provider. Launched in 2012, Floow mission is to make mobility safer and smarter via a range of innovative telematics solut...

SkyWatch.AI Announces New Partnerships with Aviation Brokers

SkyWatch.AI is a data analytics platform which offers drone pilots on-demand insurance solutions. The platform leverages machine learning to assess risk and mitigate it real-...

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...

The Hartford Acquires Sharing Economy Specialist Y-Risk

The Hartford, a P&C insurer has acquired Y-Risk, a managing general underwriter specializing in the ‘on-demand’ economy, from Allstar Financial Group. The acquisition is ...

MarketScout invests in cyber insurtech Wingman

In the US, a national electronic insurance exchange and specialty MGA MarketScout has invested in InsurTech platform Wingman via MarketScout’s venture arm.

Wingman’s d...

MarketScout invests in cyber insurtech Wingman

Verifly launches business insurance product for gig economy workers

New York based Verifly is an insurance provider for drone pilots. It has now launched several new policies for workers engaged in the on-demand economy. The first of...

Thumbtack Tries Bridging the Benefits Gap for Gig Workers

Founded in 2008, Thumbtack achieved unicorn status by matching professionals like tutors and painters to locals in need of their services. Recently, the company anno...

Marsh enables ‘proof of insurance’ for gig workers

Marsh has partnered with a data security platform, ‘Evident’, to develop a first-of-its-kind blockchain based verification solution for its sharing and gig economy clients. T...

Smart Home Insurance

Article Synopsis : Digitisation now touches most Americans in some shape or form. Yet the way most US consumers purchases homeowner insurance has changed little in decades. ...

2019 Insurance M&A outlook: Positioning for growth

Article Synopsis : Deloitte anticipated growth in the deal flow for insurance M&A. Though it expected a couple of large $5 billion deals, most were thought to be in the sub ...

Equian Launches NLP and Machine Learning Based Solution for P&C Subrogation

Equian, a US-based P&C payments enabler has announced the creation of a natural language processing engine, EquianAI, exclusively for the P&C subrogation market. The ...

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...

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

Excalibur Insurance’s chatbot Aiden

Excalibur Insurance, an Ontario-based P&C broker with offices in Clinton, Mitchell, Wingham and Exeter uses an AI chatbot – Aiden – to service its clients.

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. ...

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 ...

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...

SAI Global Adds RegTech Muscle With BWise Buy

SAI Global, an integrated risk management software provider, has added a new function to its RegTech offerings by acquiring regulatory compliance platform BWise. The deal is ...

Zurich acquires technology company for auto warranties

Zurich has acquired U.S based Sea Pine Technologies, a provider of digital applications for marketing of vehicle protection products. This acquisition enables Zurich to posit...

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...

JLT Re partners with InsurTech for Auto Insurance MGA Pact

JLT Re North America has partnered with Pact Insurance, a personal auto insurtech company that allows can buy and manage their car insurance comp...

Root Insurance Closes $51 Million Investment to Expand Customized Auto Insurance

Root Insurance announced its closing of $51mn Series C funding round led by RedPoint Ventures. The company is known for incorporating individual ...

Daimler Financial Services continues to trail blaze mobility-on-demand for global consumers and smart cities

Daimler Financial Services and its portfolio of products and on-demand services are shaping the cities through predictive mobility. The company h...

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

Intact invests in self-driving startup

Intact Financial has partnered with Voyage which is a self-driving car startup which runs its taxis in The Villages in Florida, one of the larges...

Life360 and Allstate Form Strategic Relationship to Transform Car Insurance and Personal Transportation

Life360 has partnered with Allstate to provide millions of users with insights into their driving behavior and personalized insurance offers. Alt...

Waymo’s Driverless Application Is Scrubbed of Insurance Details

Waymo, a self-driving technology company has obtained insurance to begin testing autonomous vehicles with no backup drivers on Bay Area roads. The details of the policy have ...

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, ...

Lemonade Launches World’s First ‘Open Source’ Insurance Policy

Lemonade the well-known community-based insurtech which offers homeowners and renters insurance powered by A.I and informed by behavioral economics announced the launch of an...

Pay-per-mile car insurance company Metromile raises $90 million to automate the claims process

Metromile, a well know usage-based car insurance startups has raised $90mn in a series E funding co-led by Tokio Marine Holdings and Intact Financial. Metromile allows driver...

XL Catlin adopts new online notification platform to address Marine insurance claims in North America

XL Catlin’s Global Marine business has rolled out an online claim reporting tool in North America to help clients quickly and easily submit notifications of their Marin...

Verivox Acquires Insurance Broker Unit of Getsafe

Verivox, a joint venture between General Atlantic and Nucom’s price comparison site, has acquired the broker unit of Getsafe, the Germany-based digital insurance wallet.

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Verivox Acquires Insurance Broker Unit of Getsafe

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 ...

The CVS/Aetna Merger Will Transform Healthcare Technology

Although CVS Health and Aetna’s US$69bn merger deal is expected to transform the nation’s health care industry, the two companies are currently focusing on a mob...

OneShield Software aligns with UrbanStat to enhance real-time analytics and machine learning for insurers

In the US, OneShield Software, a provider of cloud-hosted, full-suite policy administration system has integrated with UrbanStat Inc’s analytical solution to geo-analyt...

Moody’s Offers RiskIntegrity™ IFRS 17 Software for Insurers Preparing for Reporting Standards

Moody’s Analytics have announced the launch of RiskIntegrity IFRS 17, a cloud-based system designed to help insurers report under the new International Financial Repor...

Verisk’s ISO Personal Lines Program Targets $40 Billion Private Flood Insurance Market

Verisk has launched a new flood insurance program which enables insurers to enter the private flood insurance market by offering broad and flexible coverage options in a temp...

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

Sun Life offers one-stop platform to access health-care providers

In Canada, Sun Life has launched Lumino Health, a network of health resources comprising over 150K healthcare providers including dentists, massage therapists, chiropractors,...

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...

Marsh Develops Blockchain Solution for Clients in Sharing Economy

Marsh is working with Evident, a data security provider recently acquired by Palo Alto Networks to develop its first blockchain-based verification solution for clients in the...

Patra Corp Continues Strong Investment in InsurTech With New Product Launches and Corporate Acquisition

Patra corporation has launched a cloud-based repository and delivery system called CertVault which helps to secure and streamline the delivery insurance policies. It has also...

Marsh Makes Blockchain Proof of Insurance Accessible Through Salesforce

Marsh and IBM are expanding their collaboration with industry-wide access to its first commercial blockchain solution for proof of concept tests.

The solution aims to ...

Enigma Raises Another $95M to Bridge the Gap Between Data and Business Decisions

Enigma is a New York a data-as-a-service startup enable organizations to make sense of their internal data and leverage real world data signals. To facilitate its idea, Enigm...

Slice ICS Customer Announces Go-Live of First Digital Insurance Product

In Canada, he Co-operators, in partnership with Slice have launched a new digital insurance product called Duo, an on-demand pay-per-use homeshare insurance product ...

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...

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 ...

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...

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 ...

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 ...

Willis Towers Watson launches tailored cyberinsurance coverage for general aviation business

Recently, Willis Tower Watson (WTW) launched a cyber insurance solution called WTW Aerospace Cyber Guard for the general aviation industry. The product was developed...

XL Catlin and RedSeal Launch Cyber Insurance Industry’s First Dynamic Measure of Resilience to Gauge Risk, Improve Cybersecurity and Insu...

XL Catlin and RedSeal (network modeling and risk scoring platform) launched cyber insurance industry’s first dynamic measure of resilience which will help measure risk,...

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.

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...

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 ...

Sun Life and Collective Health’s New Integrated Stop-Loss Offering Gives Employers More Financial Control of Their Healthcare Investment

Sun Life and Collective Health recently announced a partnership to transform Employee Benefits through an integrated stop-loss solution assisted by Collective Health’s ...

Power Financial adds to investment in robo-adviser Wealthsimple

Wealthsimple, a Toronto-based investment platform, has raised additional funding from Power Financial, bringing its total funding to US$165mn. Wealthsimple provides automated...

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...

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...

NextCapital gets $30 million more funding for its digital advice platforms

NextCapital is a US-based enterprise digital advice solution provider that delivers personalized planning and managed accounts to individual investors across multiple channel...

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 ...

GoodData analytics startup enters Insurance

GoodData, a US-based embedded and distributed analytics startup has entered the insurance industry by introducing solutions which will streamline insurance cl...

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 ...

Why driving safety tech doesn’t cut claims costs – yet

Conventional wisdom dictates that autonomous driving, underpinned by sensors and location software, will make driving safer and help reduce claims. However, s...

Driverless car crash will challenge US liability laws

With the rise of autonomous vehicles and telematics technology, the traditional motor insurance industry is facing eroding premiums and shrinking market share...

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...

CVS buys Aetna in deal that could transform healthcare

CVS Health Corp, a major drugstore across the US is merging with Aetna for a total US$69bn in a bid to marry low-cost medical services in pharmacies with an e...

StartUp Health raises US$19.3m led by Ping An Global Voyager Fund, GuideWell, Masimo

StartUp Health is an accelerator founded in 2011 by Steven Krein and Unity Stoakes, the program is trying to enable entrepreneurs to realise ten healthcare ba...

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...

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...

Nationwide taps TrueMotion to tackle distracted driving

Nationwide Insurance, one of the leading US-based insurers has partnered...

State Farm’s HiRoad offers direct to consumer motor insurance

To meet the changing needs of today’s consumers, State Farm is moving to...

Google partners with Trov to insure its driverless car service

Google’s Alphabet has entered into a partnership with Silicon Vall...

Tool can help insurers ensure document authenticity

Tool is a Canadian claims analysis platform that helps insurers to ensure document authenticity as they relate to claims. Specifically, Tool help...

Octo’s Vantage tag-based telematics aims to improve data quality

Octo Telematics, a global provider of telematics and data analytics solu...

Baron Telematics Weather – A preventive tool to reduce claims

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

Progressive’s Flo turned into chatbot

Progressive Insurance has joined several insurers in embracing Facebook messenger chatbots. On this occasion, Progressive has imbued its chatbot with AI to enable a quoting t...

Jerry – A digital agency

Although aggregators have been around for decades, Jerry is eliminating the painstaking data entry element of aggregation with a new take on online personal lines di...

Snapsheet mobile auto claims solution

Launched in 2011 and based in Chicago, Snapsheet (formerly BodyShopBids, Inc) is a mobile claims solution tackling the traditional auto claim appraisal process – which ...

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, ...

Majesco’s Digital1st insurance

Founded in 1982, Majesco is a global provider of core insurance software and consulting services. In 2017, it launched its first digital engagement and micro-services based s...

State Auto Labs – Corporate venture fund

US insurer State Auto Labs and RV1 Ventures have jointly launched a US$25mn Corporate Venture Fund to find startups focusing on advanced analytics, new distribution models an...

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...

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 ...

John Hancock – Ecosystem play with Discovery Vitality

John Hancock is the first US life insurance company to offer an integrated health/wellness programme bundled with life insurance component. The wellness program, offered in c...

Zenefits – HR platform with benefits

Revamped Zenefits is currently putting its regulatory woes behind it and offering an all-in-one digital, cloud-based HR platform for small and medium businesses, with a parti...

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 ...

Verifly – Instant on-demand drone insurance

Verifly is a US-based startup offering on-demand drone insurance for recreational and commercial flights through a mobile app. Policies offered by Verifly cover the 2 mile ra...

Farmers Insurance – On-demand roadside assistance

US based Farmers Insurance has introduced a new app in partnership with roadside assistance startup Honk. Using the app, Farmer’s policy holders can signal the need for assis...

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 ...

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 ...

League – Revolutionising employee benefits

League is a new digital alternative to traditional health insurance that connects employers and employees to a comprehensive network of health services and benefits, giving t...

Lapetus Chronos – The future of life event prediction

Lapetus Solutions is a US based startup that is working on ‘life event dependent businesses’. Specifically, the facial recognition technology developed at Lapetus...

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 ...

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 ...

MassMutual Ventures

MassMutual Ventures, a $100 million fund established in 2015, is actively investing in and partnering with genetic, data analytics, cyber security, digital health and enterpr...

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...

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...

Northwestern Mutual Future Ventures

Northwestern Mutual has set up a $50 million corporate venture fund to invest in technology startups that are innovating in the field of consumer finance, digital medicine an...

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 ...

Desjardins Alert Program – a new home insurance program enabled by Roost Home telematics

Canadian insurer Desjardins has entered into a strategic partnership with smart-home device company Roost to offer the Alert Program to its policyholders. Through this progra...

Microsoft Healthcare NExT – Fusing research, AI and industry expertise to transform Healthcare

Healthcare NExT is a new initiative from Microsoft aimed at transforming the healthcare sector by leveraging its existing AI work and Azure cloud resources. Specifically, by ...

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 ...

GEICO improves efficiency and enhances customer experience with Duck Creek

Geico is best known in the U.S for its direct marketing and tailored property insurance policies. However, increasing competition from online platforms such as Goji and Metro...

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 ...

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...

Ladder Life Insurance

Life insurance is proving to be a difficult nut to crack for digital insurers. Although the reasons are multiple Ladder is among a new breed of startups that are trying to re...

INSHUR – TLC Insurance Reimagined

INSHUR is a new mobile-first insurance platform that allows ride sharing drivers to buy a commercial liability insurance policy in seconds just by taking a few pictures with ...

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 ...

Tractable – Automating expert tasks with Artificial Intelligence

Tractable is a London-based startup that develops proprietary AI algorithms that can learn and perform expert visual tasks, which can be deployed as claims auditing solutions...

RiskGenius – Engine for Policy Automation

RiskGenius is a Kansas-based venture that automates the process of insurance policy analysis and review for commercial insurance brokers and agents. Launched in 2016, the Ris...

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...

Kate – Geico’s Virtual Assistant to Answer Insurance Questions

Slice Labs – On-Demand Insurance for the On-Demand Economy

The on-demand economy, whilst transforming traditional industries and improving consumer’s lives, has also left a grey area in the world of insurance. However, these services...

Mobiliz – Young driver car insurance, Canada

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 ...

eLife – digital Life Insurance in the USA

eLife is an online life insurance platform in the US currently attempting to transform delivery of term life insurance products by reducing policy approval and purchase time ...

Papa raises $18 million in Series B

In a joint effort to curb growing health care costs and focus on companion health, Papa has implemented programs with an array of providers including Aetna, AvMed, Florida Blue ...

Charles Taylor acquires Solutions Before, Solutions After...

Charles Taylor, which provides services and technology solutions to the insurance market, has acquired Solutions Before, Solutions After.

Coronavirus drives more consumers to consider big tech fo...

Policyholders’ willingness to buy insurance from technology companies has increased from 2016 to 2020.

New excess casualty MGA launches in Bermuda – Comme...

Arcadian Risk Capital, a new startup underwriting operation based in Bermuda, has been launched, initially underwriting excess casualty and professional lines insurance. It has ...

AI workforce for healthcare company Olive raises $106 mil...

Olive’s AI workforce has been adopted by over 600 hospitals, including 22% of the top 100 health systems in the country.

Travelers introduces AI-based ergonomic assessments

New capability can be used on-site and virtually to deliver expedited safety recommendations. Making appropriate adjustments can help reduce the frequency of common injuries and...

Bright Health raises $500 million Series E

The funding round marks the first equity investment in the Company by Tiger Global Management, T. Rowe Price Associates and Blackstone.

One broker’s bold prediction about contactless payment op...

Concerns over the risk of COVID-19 transmission could accelerate the changes that technology has been bringing to financial transactions, including contactless payment options, ...

FloodFlash scales sensor-based parametric flood cover to ...

Insurtech start-up FloodFlash, which offers an innovative sensor-based approach to support parametric flood insurance triggers, is scaling up its offering

CUNA Mutual debuts MaxProtect Fixed Annuity

MaxProtect™ joins CUNA Mutual Group's already-robust portfolio of annuities, which had fourteen mentions in Barron's 2020 Top 100 Annuities list.

Pandemic woes in the midst of change: Legal & Genera...

Everyone was being pushed to take that leap of faith into the world of digital transacting so that they could remain at home and stay safe.

CB Insights acquires Blockdata to untangle blockchain and...

... insights on the growing but increasingly complex blockchain and distributed ledger technology ecosystem. ... Sep 17, 2020 | Posted by Insurance-Canada.ca ...

MetLife Looks to Sell P&C Auto and Home Insurance Bu...

MetLife is pursuing a sale of its property/casualty auto and home insurance business, according to a report by analysts following the company Keefe,

Bengaluru-Based Insurtech Startup ACKO Raises $60M Led by...

Bengaluru-based insurtech player ACKO on Wednesday announced it has raised $60 million funding round led by Munich Re Ventures, with participation from ...

Clearlake Capital to acquire Zywave from Aurora

Zywave is valued between $800 million to $900 million.

One Inc’s Acquisition of Invenger-InsurPay: A Closer Look

The vendor’s Feb. 2020 recapitalization enabled the acquisition of a similarly fast-growing competitor with complementary features and top talent in the digital payments space.

It’s full steam ahead for brokerage M&A, now that th...

After the COVID-19 pandemic temporarily paused brokerage mergers and acquisitions (M&A) activity in Canada earlier this year, it appears that the deals are once again moving for...

Edward Jones Poured $500M Into Tech. Here’s What It...

My Priorities, meanwhile, is a gamification application tool that allows clients and prospective clients to rank their priorities. It leads to deeper conversations ...

MoneyBrag.com Partners with MeetBreeze for Online Access ...

The fintech platform for the underbanked will offer disability insurance that users can secure online within 15 minutes.

Insurance Technology Is Hot. Zywave Is Selling for Up to ...

Insurtech refers to companies that use technology, like artificial intelligence and machine learning, to upend the insurance model. One of the biggest insurtech ...

Vericred Launches Health Insurance and Employee Benefits ...

The technical space includes advanced technologies related to AI, ML, ITops, Cloud Security, Privacy and Security, Cyberthreat intelligence, Space, Big data and ...

Manulife to roll out Covid-19 travel insurance in Canada

Canadian insurer Manulife is set to launch its Covid-19 travel insurance next month for Canadians traveling across the country and internationally.

Third Point Re acquires stake in new Bermuda-based MGA

Specialty reinsurer Third Point Reinsurance has announced acquisition of a minority stake in Bermuda-based start-up Arcadian Risk Capital.

FICO and Duck Creek Partner to Integrate Cyber Risk Score

The cyber risk partnership gives P&C Insurers the ability to immediately assess and accurately underwrite cyber insurance.

State Farm to acquire GAINSCO

The transaction is the first acquisition of an insurance company by State Farm in its 98-year history.

Hub enters into premier preferred partnership with Insura...

HUB International has signed premier preferred partnership with InsuraGuest Technologies subsidiary InsuraGuest to offer new coverage to its hotel clients.

TCARE raises $3 million to address caregiver burnout

Funds will help expand its evidence-based family caregiver support platform nationwide.

Yasna Faghani Joins Crawford & Company’s Canadian Le...

TORONTO, ON, SEPT. 21, 2020/insPRESS/ – Crawford & Company® (NYSE: CRD-A and CRD-B), the world’s largest, publicly listed independent provider of claims management and outsourci...

Zurich North America rolls out insurance product in Texas

Zurich North America has rolled out an Occupational Accident and Employers Work Injury Liability Insurance Policy for nonsubscribers in Texas.

Obie acquires Skylight Insurance

The terms of the transactions were not disclosed.

Zywave Adds Third-Party Resources to Commercial Content O...

With the addition of new resources from AM Best and IRMI, P&C OneSource subscribers have access to a searchable library of more than 30,000 content pieces.

MetLife to acquire Versant Health

Versant Health owns the well-established marketplace brands Davis Vision and Superior Vision.

APOLLO and Keal System Users partner to provide brokers w...

TORONTO, ON, SEPT. 17, 2020/insPRESS/ — Apollo Insurance Solutions Ltd., (“APOLLO Exchange”) Canada’s largest online insurance marketplace, and the Keal System Users (KSU), have...

CSIO’s Board of Directors Green-lights INNOTECH Committee...

TORONTO, ON, SEPT. 17, 2020/insPRESS/ – CSIO is pleased to announce that its Board of Directors have green-lighted three digital solutions proposed by the INNOTECH Advisory Comm...

Insurers accelerate deployment of digital collaboration, ...

Remote processing and customer service investments are up, according to new research from Celent.

Some Reinsurers Will Try Pandemic Exclusions for Casualty...

Whether they are convinced that they absolutely need them or not, some reinsurers aim to try to put pandemic exclusions into casualty reinsurance

Insurtech 100 Special – ‘Claims Focus’ ...

Sønr's CEO Matt Connolly and Insurance Post's Jonathan Swift talks to Insurtech 100 members Adam Rimmer of FloodFlash, Jamie Yoder of Snapsheet and Adrien Cohen, of Tractable.

Kin Partners with Kangaroo to Offer Policyholders Home Se...

Customers now have access to free home security solutions, including a Doorbell Camera, Chime, Water + Climate Sensor and a Motion + Entry Sensor, together with 24/7 professiona...

Nearly 70% of young Canadians say their mental health has...

Sun Life commits $10,000 to Foundry Kelowna's Mobile Health & Wellness Unit, providing mental health and health care services to young people KELOWNA, BC, Sept. 17, 2020 /CNW...