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If homeowners’ insurance carriers weren’t facing enough issues this year, here’s one more to think about: A Miami company is now offering cryptocurrency-based mortgages.
TX Group invests as lead investor in a seed financing round in the Zurich-based insurtech company Helvengo, an insurance solution for SME. TX Ventures, the VC of TX Group, is thus further expanding its fintech portfolio. Postfinance Ventures, Seed X, Hypoport, Anamcara Capital, Plug and Play, Conny&Co and various business angels are also participating in the over CHF 4.2 million financing round.
The global pandemic has shown how vital it is for businesses to understand the services they provide and invest in their operational resilience. As COVID has accelerated the digitalization of the insurance industry, businesses must strive to be resilient by looking to the future and making decisions now to protect against risk.
Change, it’s said, is the only constant. For many insurers, change can be a harbinger of new opportunities and new risks.
Joanne Butler, Head of Product Marketing and Pre Sales, Charles Taylor InsureTech featured in Insurance Day, discussing how important data quality is when producing sustainable underwriting.
Insurers must be smarter about how they use data, make bold digital moves to meet consumer expectations, and take a strategic approach to process automation.
A topical theme in the insurance industry is the rising competition between young, online-driven insurtechs and traditional insurance businesses.
Dawn Miller is to join Lloyd’s as its new commercial director in a role set to begin in Q2 2022.
The disruptions created by the pandemic, natural disasters and a shifting workforce in the past year have challenged insurers to respond to market uncertainties with speed – at scale.
It’s been a hit and miss for Usage-Based Insurance (UBI) in Canada since it was first introduced about a decade ago, but brokers believe it will survive well past the pandemic-induced uptake of the past two years.
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