Insurers Increase Appetite for Innovation as Industry Joins Fintech Pledge and UK Insurtech Investment Grows
- 3 years 8 months ago
- Insurtech, Investment
In celebration of UK Fintech Week, Tech Nation, the growth platform for tech companies and leaders, has today announced new signatories of the Fintech Pledge. The Fintech Pledge, supported by HM Treasury and developed by the Fintech Delivery Panel, sets world-leading standards to accelerate the growth of the UK’s fintech sector by promoting valuable partnerships between financial institutions and tech scaleups.
Lockdown Eases, Confidence Returns, UK Gets in Its Car
- 3 years 8 months ago
- Insurtech
By Miles, the UK’s leading provider of pay-by-mile car insurance, underwritten by Zurich Insurance, can report that based on data collected the week lockdown restrictions were relaxed, 29th March – 4th April, there was a staggering 17% increase in car usage from the week before, which has continued to rise in the weeks since.
Lockdown Races DIY Vehicle Checks; Insurtech WIMWIsure Records Over 2 lakh Inspections in FY20-21
- 3 years 8 months ago
- APIs, Artificial Intelligence, Insurtech
The Indian motor insurance marketplace has noted a clear shift towards remote ‘Do-It-Yourself’ checks and Inspection as a Service as a result of COVID-19 which has necessitated moving away from physical vehicle inspections. During the lockdown Insurtech WIMWIsure has conducted more than 2 lakh virtual inspections for passenger and commercial vehicles through its on-demand Artificial Intelligence (AI) enabled video inspection platform in... more
Trov Technology Enables a New Wave of Consumer Brands to Offer Digital Insurance
- 3 years 9 months ago
- Insurtech
Trov (www.trov.com), a global leader in embedded insurance, is continuing to expand its presence in the UK market, enabling brands to offer digital insurance products to their customers and tap additional revenue streams. With an initial focus on renters insurance distributed by proptechs, fintechs, retailers, and utilities, Trov announces a new wave of consumer brands that will offer digital insurance powered by its innovative technology,... more
Insurtech Platform Premiums to Exceed $556 Billion Globally in 2025, as AI Drives Market Transformation
A new study by Juniper Research has found the total value of premiums generated by insurtech platforms – platforms with technology supporting insurance at the heart of their design – wil
EIS' Coretech Solution Accelerates Digital Transformation for Life and Annuity Insurers
- 3 years 10 months ago
- Insurtech
EIS, a digital platform provider for insurers, announces the expansion of its core EIS Suite™ to carriers in the life and annuities markets. Cloud-native and customer-centered, the Suite allows insurers to innovate across all lines of business at scale, free from legacy constraints and inefficiencies.
Insurance Customers in France Are Increasingly Favouring Digital Services When Interacting With Their Insurer
New research from Next Content / Nuxeo study highlights a pandemic-driven move to digital insurance, from underwriting to online claims reporting. French insurance customers are increasingly using digital services to manage their insurance policies, according to a new study launched today by content services firm Nuxeo.
INSTANDA Partners with ADROSONIC to Rev Up Insurance Sector's Digital Transformation
- 3 years 12 months ago
- Insurtech
In a significant development to accelerate the ongoing digital transformation in the insurance industry, INSTANDA, a UK-based SaaS Insurance software platform has entered a partnership with ADROSONIC, a digital consulting firm. Industry experts say that INSTANDA’s no code platform and ADROSONIC's insurance domain expertise will empower insurers with the agility to price risk in ways that meet the client’s needs in a changing post-Covid-19 world.
Getsafe and Confused.com to Protect Renters in Uncertain Times
- 4 years 2 weeks ago
- Insurtech
Digital insurer Getsafe and price comparison site Confused.com joined forces to offer a digital-first insurance experience to customers in the United Kingdom. The partnership will help simplify insurance for a new generation of customers during uncertain times.
How to Properly Plan for End of Life Expenses
- 4 years 2 weeks ago
- Insurtech
Image source: Source: Pexels
Getsafe Raises $30 Million in Series B Round
- 4 years 4 weeks ago
- Insurtech
Digital insurance company Getsafe closed a $30 million (USD) Series B funding. Swiss Re’s digital platform iptiQ led the round. Existing investors, including Earlybird, CommerzVentures, btov Partners and Capnamic Ventures, also participated.
Luko Raises €50M Series B Funding Led By EQT Ventures
- 4 years 4 weeks ago
- Insurtech, Investment
Luko -- one of the fastest-growing European insurtech leaders that prioritises social responsibility when protecting homes -- today announces it has raised €50 million in Series B funding led by EQT Ventures to deliver the best experience in home insurance, putting transparency and technology at its core.
EIS Customer Compass Report Finds Less than Half of Consumers Trust Insurers to Respond to Their Basic Needs
- 4 years 1 month ago
- Insurtech
EIS, a core and digital platform provider for insurers, today announced the findings of its first-ever Customer Compass Report. The report found that, despite the insurance sector investing nearly $28 billion on customer experience, less than half of global respondents (49%) feel their insurance provider will be responsive to their basic needs.
Instanda Launches New Marketplace, Allowing Insurers Access to Over 200 Integrated Platforms
- 4 years 1 month ago
- Insurtech
Today, INSTANDA, the leading end to end digital platform for the insurance industry, announces the launch of its integration marketplace, a virtual marketplace that allows insurers to pick and choose pre-integrated technology solutions.
