InsurTech

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A.M. Best: The Time Is Now for Genomics in Life Insurance

http://news.ambest.com/articlecontent.aspx?refnum=281123&altsrc=43 Research firm A.M. Best’s monthly magazine uses GWGH’s YouSurance brand as an example of how genomics is rapidly approaching acceptance by life insurers as a way to determine health, wellness and lifespan. “The life industry finds itself at an inflection point as insurers come under growing pressure to position themselves to embrace genomics and […]

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Machines Know You’re Eating a Hot Dog: What AI, ML and DS Mean to You

By Dr. Randal S. Olson Whether it’s reducing the time you wait at a traffic light, allowing your phone to respond to your voice, or preventing fraudulent charges to your credit card, it’s becoming apparent that our systems are increasingly being managed by the machines we built to operate them. And surprisingly, they’re often proving […]

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Insurtech Investments Soar in Q1 2018

The six insurtech investment deals in Q1 2018 marked a new high, as transaction sizes continued to increase and the line between insurtech funding by incumbent (re)insurers and traditional venture capital was blurred by newer ‘hybrid’ investment funds. And, insurtech investment volume of $724 million in Q1 was 16% greater than the $624 million recorded […]

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Existing Insurers Face Insurtech Threat, PricewaterhouseCoopers Finds

Insurance industry leaders are starting to leave behind the “follower” mentality, reallocating their investments into core capabilities that give them a more customer-centric view, as well as ways to differentiate themselves in the market, consulting firm PricewaterhouseCoopers finds in its 2018 insurance annual report. “Whether you are a “fastfollower” (as opposed to just a follower) […]

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MetLife Links with MIT to Find Insurtech Disruption

Insurance giant MetLife is collaborating with the Massachusetts Institute of Technology (MIT) on finding those technologies that will transform the insurance industry. “Every industry is impacted by the exponential growth in technology, the rise in globalization, and changing consumer demographics,” said Marty Lippert, executive vice president and head of MetLife Global Technology & Operations. “Our […]

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Travelers Is the Latest Big Insurer to Take Aim at Millennials

Travelers Cos. is launching a new type of customizable renters insurance in an attempt to cater to millennials, The Wall Street Journal reports. Travelers Cos.’ new product will be called Traverse and will cover identity-theft and liability insurance, although only in New York state. It also allows customers to choose other policies to include, ranging from property […]

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Study Identifies Data Is Now Key to Insurers Staying Relevant

Acquiring and analyzing data is the answer to insurance companies’ need to remain relevant in this techno-social age. That’s what an A.M. Best survey has of insurance companies has found. “Insurtech companies will find deploying these capabilities difficult as they lack scale, while insurers may lack the depth about the power of computing and machine-learning […]

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PwC Survey Finds Insurance CEOs Worried about Technology

As the insurance industry struggles with technology, its leaders are worried about the pace of technological change in their industry and are worried it won’t keep up. Those are the findings of Pricewaterhouse Coopers’ 21st Global CEO Survey, as reported by The Financial. The survey finds insurance CEOs are concerned that actual industry growth has […]

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Wealth Professional: Saliva Could Become Part of Financial Planning

https://www.wealthprofessional.ca/market-talk/why-saliva-could-become-a-thing-in-financial-planning-238950.aspx Along with the rise of big data, financial planning could start to use clients’ saliva to assess the state of their health. The science of epigenetics would enable institutions, especially life insurers, to determine risk factors from a client’s saliva sample; and that could mean better deals for those willing to use the unusual […]

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Nasdaq-Insurtech Partnership Allows Investors to Trade Insurance Risk

Nasdaq Inc. (Nasdaq:NDAQ) and insurtech firm Extraordinary Re are joining forces to launch a new platform that will let investors trade exposure to insurance risk they have in their portfolios. The new market technology agreement will allow Nasdaq to deliver matching engine technology via the Nasdaq Financial Framework architecture.  The platform will be targeted at institutional investors that want to […]

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