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TNEDICCA
– Provides proprietary location-based crash risk scores proven to help auto insurances companies improve profitability by 3 to 20% through better pricing and risk selection.–
Traity
– A platform that analyses the reputation of users of collaborative economies websites.
TrueMotion
– A SaaS solution for auto insurers which uses smartphone sensor technology, big data, and analytics to improve driver safety whilst also redefining how insurance
TrustLayer
Automate the verification of insurance, licenses, and compliance documents that you receive from your business partners (vendors, subcontractors, suppliers, borrowers, tenants, etc) with machine learning,
TruWeather Solutions
– Founders Initially validated service in US air force In 2001, US Air Force financial analysts validated the framework when we cut aviation weather delays
Metromile Plans to Adopt Bitcoin to Offer Drivers More Choice
Digital insurance platform will be the first to accept insurance premiums and pay insured claims in cryptocurrency.
Ubios
– Leverages big data and motion detection technology to help prevent water leaks in condos– Smart Wall Unit replaces conventional thermostats and light switches. It
Underwrite Me
– An insurtech providing insurance professionals with accurate underwriting data, streamlines the process of researching prospects and gathers the information for the insurance professional to
Unum ID
– Shared, verified identity, helping companies better know their customers for verification, fraud etc– Ties mobile devices to online identities through cryptography, enabling a single
UrbanStat
– Helps insurers to select best risks by using spatial algorithms, hazard models, machine learning, and industry best practices.– real-time reporting capabilities.– covers wildfires and
Valua (OK Tecnico)
– Solutions for Insurers, Workshops, Suppliers, Intermediaries and Clients / Insured– Remote auto inspection/claim app, connecting the insurer with the garage, intermediaries and client
Vault Insurance
– A provider of custom insurance coverage and services for high-value items, eg high-value homes, art, jewellery, cyber and personal excess liability coverage.– Reciprocal insurance
Veloseguro
Brokerage company exclusively for bicycle insurance, covers theft and damage to equipment that has occurred in competitions and training. The insurance also includes loss in
Velosurance
– A US national bicycle-focused insurance agency. Offers the availability of a multi-risk, stand alone insurance policy allowing cyclists to insure their bikes for physical
Verikai
– Alternative data platform for insurers– Database includes more than 5,000 behaviour attributes for 250+ million people in the USA and provides deep insight to
Vida Life
– A provider of online instant issue life and savings products to the U.S Hispanic community.
ViewSpection
– DIY inspection app for residential and commercial properties, insurance agents etc.– The mobile app prompts users through creating a photo tour of their property,
VisionX
– Distribution platform for insurers and brokers– White label solution for online, also offers an in-store solution via APIs
VOOM Insurance
– Per mile insurance, on demand for things you can ride fly or sail – fleets, drones, bikes, light plans, motorcycles, escooters– Also developed VOOM
Waffle Labs
– digital insurance company – pet, life, cyber, renters, travel, auto, home. Managed on phone, can be bundled.– still in beta
WeatherCheck
– Monitors US/Canadian properties for hail damage so that insurance carriers and mortgage companies can take action. Aggregates data from 3rd parties.– Predictive hail analytics,
WeCover (LATAM)
– Insurtech providing contents, bicycles, drones and gadgets insurance via an app. Cover can be gained in one minute.– Buy manage and claim in one
Wellth
– Behaviour change company working in medication and care plan adherance. Users snap a photo of their medication or device readings, image recognition and AI
Westhill
– Provides digital solutions for the property & casualty (P&C) insurance industry, focused on claims process– Platform provides realtime updates on claims, carrier can direct
Woocar.io
– AI cloud data analytics platform to improve vehicle driving behaviour– Keeps a record of the evolution in driving habits, performance, patterns, routes and fleet
WorldCover
– Parametric insurance, initially started by selling weather insurance to small African farmers. Sold 30k policies through agents.– Featured product CropAssure is tailored to help
Wunderite
– Data exchange for the commercial insurance brokers market.– Enables users to automate insurance applications, collab onn deals, get real-time notifications on customer actions, and
Wyze Labs
– Smart home device developer– First product was WyzeCam. Also built a Sensor too. Now offer a catalogue of products, smart bulbs, scales etc.– Partnered
Xcover.com
– The distribution platform of CoverGenius (which is on late-stage funding)– Delivers personalized insurance in any country, language, and currency. Dynamic bundling of policies from
Xilo
– A quoting and sales automation platform for insurance agencies. It enables independent agencies to digitalise by automating client data entry and follow-up, integrating with
Yaxa
– A cyber security company that specializes in protecting digital assets on premise or in the cloud.– Uses machine learning to learn a user’s access
Young Alfred
– An online marketplace to compare and buy personal insurance.– Over 30 Incumbents and insurtech (hippo etc) carriers– Over $6bn in property insured
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Zeguro
– Cyber insurtech, underwritten by HSB/Munich Re.– Enables small and medium enterprises to automate cybersecurity processes, detect cyber risks in people, processes and technology, and
Zesty.ai
– Risk Analytics Platform driven by AI, computer vision and machine learning which helps its insurance clients to better assess and price risk. The platform
Zenda.la
– A free online health and prevention plan for accident and illness for millennials/Gen Z (covered up to MXN50k (USD 2.2k), with two premium versions
How APAC insurers are supercharging distribution
In today’s APAC webinar, we were joined by industry leaders to discuss what the future of distribution might look like in a post-pandemic landscape.
Singlife Philippines to Launch New Offerings by September
Digital life insurer Singapore Life (Singlife) Philippines on Thursday said it is gearing to roll out at least two new offerings, which could come as early as September.
Threeflow
– RFP platform purpose built for the employee benefits industry, helping brokerage firms sell and retain more business and offering carriers better access to key
The Insurtech Revolution And How It Could Transform The Life Insurance Industry
In a counterintuitive twist, technology can go a long way toward humanizing the life insurance industry.
Aviva Introduces New Bicycle Insurance
Aviva has joined forces with Ripe’s Cycleplan brand to offer customers specialist cycle insurance.
Kenyan Insurance Tech, Lami Raises $1.8M Seed Funding to Expand its Solution Across Africa
Africa has one of the lowest insurance penetrations in the world. A 2018 study by McKinsey revealed that penetration stands at about 3%. This is significantly lower than the global average of 7.23%.
Christiaan Erasmus, CEO at SLVRCLD: Improving lives with automated content claims
Christiaan Erasmus explains how SLVRCLD are improving lives with automated and digitised P&C claims processes. What trends within the industry are we currently seeing, and what will the future hold?
Is Your Company Missing the Biggest Opportunity to Improve Underwriting Results?
An undisputed fact is that in the period from March, 2020 to present, business processes in almost every
industry changed significantly. Whenever a business process changes, so do the associated risks.
Sprout.ai Raises $11m Series A Led by Octopus Ventures to Apply AI to Insurance Claims
Sprout.ai, the insurtech that enables insurance claims to be settled within just 24 hours, today announced that it has raised £8m/$11m in Series A funding.
Motus Insurance Services Partners with HUB International to Accelerate the Distribution of its “Opt-In” Earthquake Program Within High-Rise Communities
Motus is excited to announce a strategic distribution partnership with the HUB International Real Estate group lead by Jonathan Naranjo and Kevin Eggleston. Motus has built an expanded offering of its earthquake program exclusively for HUB’s CCCASA members and its high-rise luxury condo portfolio.
Ernie Bray, CEO at AutoClaims Direct: Why full automation is short-sighted
Ernie Bray is passionate about technology – he understands why there is so much potential behind AI, machine learning and video estimating. But, he cautions, there is a time and a place for tech. The touchless utopia some in the industry are wishing for has downsides, too.
Nicholas Piel, CEO at Surfly: How we’re making automation personal
Anyone who tried to work and collaborate remotely in the last year will have noticed that most solutions have drawbacks. Screensharing can be unsafe, connecting to legacy systems can be difficult. For Nicholas Piel, CEO at Surfly, the new way of working was a huge opportunity.
Zurich Insurance Launches Mental Health Education Tool for UK Corporations
To help employers address the mental health issues of their workforce, Zurich Resilience Solutions – part of the Zurich Insurance Group – has launched a new digital tool.
Aon Launches D&O Exposure Modelling Service
Broker Aon announced today the launch of a shareholder class action exposure modelling service, responding to clients’ need for support to manage the challenging directors’ and officers’ (D&O) insurance market.
Allianz takes hard line on coal, David Bearman unveils new Aventum Group, APOLLO partners with Lloyd’s of London
Today we see Allianz announce that it will phase out insurance for coal-based business by 2040, Direct Insurance and other affiliates integrated into the new Aventum Group, and Canadian insurtech APOLLO has secured coverholder status with Lloyd’s of London.
How a Digital Mindset in Pet Insurance has Paved the Way for Disruption
Digital disruption stems from initiatives in younger insurance markets, such as the fast-growing pet insurance sector, and we are now seeing traditional insurance sectors successfully adopting a digital mindset in areas such as claims management.
Start-up’s Biometric Platform Eases Health Insurance Claims
Data entry can be inconvenient, forcing staff to take time off their core work. For the health sector such inconvenience is costly, especially when personnel has to process voluminous insurance claims paperwork.
Spotlight on battleface: How to disrupt a travel insurance industry that’s used to saying ‘no’
Travel insurtech battleface is looking to disrupt an industry that has already been upended by the pandemic, putting customer choice at the heart of the travel insurance equation.
Integrate, Digitise, Transform: 3 Insurtech Trends for the Rest of 2021
Though the insurance industry can be slow to adopt new technologies, with the past year bringing new challenges to businesses, the rest of 2021 is insurtech’s time to shine.
Home Insurtech Hippo’s Tech-Hiring Spree Brings First CIO
Hippo, an insurtech that provides home insurance in 34 states, has announced a series of major additions to its technology organization, including the company’s first CIO and CISO.
Tencent-Backed Insurance Platform Waterdrop Targets US$360 Million US Listing
Waterdrop, the online insurance and medical crowdfunding platform backed by Tencent, has started marketing its initial public offering (IPO) of up to US$360 million on the New York Stock Exchange.
AI Gains Traction Across Insurance
Spending on artificial intelligence (AI) platforms in insurance will grow by almost a quarter every year out to 2024 as the industry exhibits a general willingness to innovate, analytics firm GlobalData predicts.
Buffett on Whether He’d Insure SpaceX Mission: I’d Have a ‘Different Rate if Elon was on Board’
Berkshire Hathaway CEO Warren Buffett has a message about the insurability of Elon Musk’s future SpaceX missions. “It would depend on the premium,” the Oracle of Omaha joked Saturday during Berkshire’s annual shareholders’ meeting, live streamed on Yahoo Finance.
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