Health insurance startup Oscar has $45m loss in three states
Oscar Insurance, the Silicon Valley-backed health-care startup, continued to lose tens of millions of dollars in the third quarter as the company exits some markets. Read more: www.bloomberg.com
InsurTech Startup Receives Investment from Allianz Group
Simplesurance, a Berlin, Germany-based insurtech startup, received a minority investment from Allianz Group. Read more: www.finsmes.com
InsurTech platform revenues to approach $235bn by 2021
The new study argued that the value chain in the insurance market is transforming rapidly. This will force traditional providers to improve their service. Read more: www.prnewswire.com
InsurTech futures: 28% now turn to online channels to claim
BT survey reveals increasing use of digital channels for insurance transactions. Read more: www.insuranceage.co.uk
Traditional insurers forced to innovate in 2017 by Insurtech
Traditional insurance companies are forced to innovate because the smaller and more nimble insurtech companies had reached the tipping point in 2016. Read more: fintechnews.sg
CoverHound expands to insurance for small businesses
Online insurance marketplace CoverHound expanded its offerings today. Read more : finovate.com
Is the era of insurance aggregators ending?
The insurance industry will move from claims handler to claims preventer, so comparing products will become much more complicated. Read more: insurancethoughtleadership.com
Mobilink to offer internet banking solutions across Pakistan
MMBL’s customers can now register themselves online, view their account summary, view transactions, generate statements, and schedule fund transfers. Read more: www.phoneworld.com.pk
Chinese banks want to use blockchain to combat fraud
Chinese banks are hiring blockchain experts as the government pushes use of the technology behind bitcoin to increase transparency and combat fraud. Read more: fortune.com
The rise of InsurTech in the age of algorithms
GAFA and BATX have not made direct forays into insurance, though the number of InsurTech startups in this space is on the rise. Read more: www.dataconomy.com