Friday, March 29, 2024

Insurance disruption fuelling customer-centric innovations

Driven by the rapid advances in technology, insurers in Singapore have been taking steps to be more customer-centric in an attempt to retain loyalty and attract new policyholders. Read more: www.businesstimes.com.sg

InsurTech’s pay-as-you-go promise

Even though Metromile was groundbreaking with its pay-per-mile insurance, it certainly wasn’t the first to provide usage-based cover. Read more: www.propertycasualty360.com

Insurers in danger of becoming risk carriers in InsurTech race

Digitally-focused new players in the insurance industry are increasingly threatening the market dominance of traditional insurers. Read more: www.intelligentinsurer.com

Singapore Life takes $50m in largest Asian InsurTech round

Singapore Life has raised $50m in the largest Asian InsurTech funding round to date. The Series A investment was led by Impact Capital. Read more: www.fintechroundup.com

Axa backs One,Inc in $20m Series B round

Insurance software provider One, Inc has landed $20m in a Series B round led by AXA Strategic Ventures. Read more: www.fintechroundup.com

The Emergence of InsurTech

Hardly a new concept, insurance technology (InsurTech) is being studied more closely as platforms gain further credibility through increased user adoption. Read more: www.trulioo.com

Big data, big opportunities for insurance

Insurers have to be upfront with consumers that there are risks involved, but remain open about how they plan on using their data - leaving no room for doubt. Read more: www.insurtechnews.com

Insurtech startup Quilt raises $3.25M

Quilt, a Boston, MA-based insurtech startup focused on renters, raised $3.25m in seed funding. Read more: www.finsmes.com

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