The Automation Advantage in Insurance. Investing in LatAm insurtech, 5 best practices for choosing the right insurtech partner and more
A new perspective on an old-established industry. Find latest report, news and information about startups and innovations in the insurance industry, with a focus on best #insurtech initiatives and venture capital investments.
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The Automation Advantage in Insurance
It improves costs, cycle times, and the customer climate. Read more.
MUST READ STORIES
Investing In LatAm Insurtech: A VC Perspective
Dive into answers from Insuretech Connect Latam. The answers ranged from cautious optimism to a systematic strategy of ongoing investment.?
5 best practices for choosing the right insurtech partner
Insurtechs can play a vital role in supporting, augmenting, or refining life and health insurers' value propositions, business initiatives, and goals.?
Vote now to decide on the 2023 Innovation in Insurance Awards winners!
The Innovation in Insurance Awards program is a joint initiative by Qorus and Accenture that aims to reward the most innovative projects developed by insurance companies across five continents. Qorus members and non-members from financial institutions have until May 24th to vote for the winners of this year’s edition.
INSURTECH REPORTS
Insurer of the future: Are Asian insurers keeping up with AI advances?
AI’s potential for competitive advantages remains largely unrealized in the Asian insurance industry. Investing in AI across the entire value chain is key.?
INSURTECH ROUNDS
领英推荐
Pet health insurance provider Barkibu raises $5 million
Serving some 20,000 pet parents in both the Spanish and German markets, Barkibu’s insurance policy covers 80% of costs associated with pet illnesses and accidents, and 100% of costs associated with prevention, i.e. vaccinations and/or annual checkups. The company reports a 20% average monthly increase in sales and will use the new funds to improve and expand its offerings.?
Novidea Closes on Series C Round Worth $50m
Novidea will leverage the investment to continue its journey to becoming an industry leader and increase international market share. Specifically, funds will go to the further development of its cloud-based, data-driven insurance platform, fortification of its customer success infrastructure, and expansion of teams and offices across all target markets in the US, UK, EMEA, and APAC.
Insurance Digital Wallet Platform, Marble, Raises US$4.2 Million
Marble is a one-hub, digital wallet that enables users to shop, compare, explore, pay, and earn rewards on their insurance premium payments, with no cost to join. Members are insured by the nation’s largest insurance agencies and can link their healthcare, automotive, home, renters, pet, or any other type of personal insurance.?
INSURTECH DIGEST BACK ISSUES
Q1 2023 Insurtech deal count represented a shift back to '18.
Insurtech Digest Issue #147 is out! New smart home IoT insurance product, the 3 biggest reasons startups failed in 2022, marine insurance and more
Decrypting AI for insurance.?
Insurtech Digest Issue #146 is out! Predictions of how Artificial Intelligence can change our industry, crypto-mining businesses insurance, Insurtech Global Outlook 2023 Report and?more.
From insuring assets to protecting mobility.
Insurtech Digest Issue #145 is out! What is Insurtech IoT, What implications may SVB collapse have on insurtech and?more
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Hey there,?hope you find this digest inspiring!?So please,?share on your social?and tell your fellow insurtech enthusiast friends to?subscribe here.?? Feel free?to connect?with me and keep in touch for any support concerning your startup or impact projects.
Have a nice day!
Alberto
#AAM #AI #HealthAI #TechHartford | MSc MBA MA (Econ)
1 年Thanks for the post - it contained several other interesting points. I particularly find the one about Asian Insurers and AI most interesting. The Asian (Chinese) market has a much younger demographic that readily fused insurance with banking and other financial services: all into a "Super App". This fusion gives them a larger market than insurance alone.
Avvocato I Compliance I Assicurazioni I Partner at Aliant Legal Grounds
1 年Absolutely Alberto. The insurance industry stands to gain significantly from AI, but reaching a stage of AI maturity requires a holistic, strategic approach rather than isolated investments. Insurers should adopt a comprehensive AI framework that aligns with their business objectives and covers all stages of AI adoption. Building an AI-fluent culture within the organization is also vital. On the legal side, insurers must consider data privacy laws such as GDPR and CCPA and the forthcoming AI Act, ensure AI system transparency and non-discrimination, and be mindful of intellectual property rights and potential liability issues surrounding AI technologies. This will help mitigate risks and foster customer trust in AI-powered services.
| Expert- Consultant| MC Consultants| ??Insurance Elephant??|Insurance Advocate
1 年The Automation Advantage (AA) cannot stand alone if benefits are to carry beyond an immediate solution, nor should organizations be satisfied with problem solving expertise. AA must be augmented with Artificial Intelligence (AI) to build consequential opportunity identification and further solutions. And- the many benefits suggested for AA in the article cannot stand alone if full and ongoing innovations are to maximize benefits; allow ML algos to assess results of automation in terms of other organizational effects. #AAAI :) Thanks for the excellent articles, Alberto Garuccio and tags
Founder @ Agiliux | Transforming Commercial Insurance | Insurance Technology
1 年We develop software for Insurance Brokers (Commercial, Reinsurance and Retail), Banks and Agencies and are looking for partners in LATAM countries, who can help us in expanding there. Ideal partner will be Si or tech providers, who have existing interest in insurance industry. Check us at Agiliux Cloud Insurance
Co-founder @Estelar360 - Stealth Startup | Ex-Scotiabank | Banking - Fintech - Mobility Advisor | ???? ????????
1 年Thanks as always Alberto Garuccio for sharing your insights. Yeah maybe is a revenue assurance initiative with their current portfolio of product and client during the beginnings of this Ai path , as only effiencient improvement focus. But id like to know how about Openai impact could be impacted in their current bussiness because each quarter this tech advance and be accesible for new startups that dont need tons of procedures ... well new times