Thursday, December 1, 2022

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

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