From insuring assets to protecting mobility. What is Insurtech IoT, What implications may SVB collapse have on insurtech 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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Nationwide launches pet insurance offering on Walmart.com
The collaboration with Walmart will see pet parents who shop online for their everyday pet (and people) needs at Walmart.com also now able to find Nationwide pet health insurance offerings on the retailer’s site.
According to Nationwide, this offering builds upon the existing collaboration between the two companies that began with the launch of Nationwide Pet Rx ExpressSM at 4,700 Walmart pharmacies in January 2021.
The programme gives Nationwide pet insurance members preferred pricing on pet prescriptions and an expedited claims filing experience was expanded in May 2021 to include 566 pharmacies at Sam’s Club, a division of Walmart Inc.
MUST READ STORIES
What implications may SVB collapse have on insurtech?
As a result of the banking collapse, we can see more clearly the vulnerable areas where tech companies could sharpen risk management.?Read more.
Managing personal lines customer expectations during the cost-of-living crisis
Look at some key takeaways from a recent on-demand webinar discussing insurance challenges around personal lines in 2023.?Read more.
What is Insurtech IoT?
IoT For All Podcast try to cover the?benefits IoT brings to insurance, who pays for insurtech IoT devices, consumer feedback on insurtech, install rates for upsells, the onboarding and interoperability challenges of insurtech IoT devices, and the future of insurtech IoT.
INSURTECH REPORTS
From insuring assets to protecting mobility: Driving growth in the evolving mobility ecosystem
Mobility market evolution poses challenges and opportunities for P&C insurers who need to make the move from insuring assets to protecting the entire mobility journey. This transformation can yield measurable operational benefits and unlock revenue growth for insurers.
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INSURTECH ROUNDS
Xilva Raises $1.8M in Pre-Seed Funding
Xilva uses a proprietary methodology to assess forest projects and thus reduce potential risks related to investing in carbon credits and nature restoration initiatives.Read more.
CarmaCare secured $4.5M?
They take over where traditional car insurance leaves off to provide an easier way to buy extended warranties for car repairs.?Read more.
Gradient Ventures backs Axle’s ‘Plaid for insurance’ approach to data verification
Axle allows users to connect their insurance account to trusted companies in seconds and then automates insurance verification.
Similar to how Plaid leverages a user-permissioned data platform for banking, Axle allows users to connect their insurance account to trusted companies in seconds through a developer-friendly API or one of Axle’s low-code or no-code options. After launching a year ago, the company is seeing double-digit customer and revenue growth and has grown its carrier network over a hundred carriers.
Now Axle is flush with $4 million in seed funding. The round was led by Gradient Ventures and includes investment from existing investor Y Combinator and participation from Soma Capital, Contrary Capital, Rebel Fund, BLH Ventures and a group of angel investors, including members of the founding team of Plaid and former executives from Cox Automotive.
INSURTECH DIGEST BACK ISSUES
Overcoming Barriers: Where Are the New MGAs?
Insurtech Digest Issue #144 is out! EIOPA review of the IORP II Directive, US Insurance Industry Predictions 2023 and?more
How To Engage With Insurtech Startups In 2023??
Insurtech Digest Issue #143 is out! 6 VCs explain why embedded insurance isn't the only hot opportunity in insurtech, the future of commercial sustainability and?more
Has Insurance Become Too On-Demand??
Insurtech Digest Issue #142 is out! How Insurtech is shaping the insurance sector in APAC,Insurance ecosystems: "Co-opetition" is the key to success and?more
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Alberto
Thanks for Sharing! ?? Alberto Garuccio
| Expert- Consultant| MC Consultants| ??Insurance Elephant??|Insurance Advocate
1 年Another good edition, Alberto Garuccio Tangential thought on mobility insurance- third party/trip insurance for persons using boda bodas, tuk tuks, buses, other public transit in emerging markets, leveraging WhatsApp chatbots to purchase insurance for the immediate trip and if needed file claims. Need to think mobility and cover from needs of underserved (but huge) markets. MotiSure As for IoT- wide scale facility monitoring of process and condition devices with virtual dashboard for on demand monitoring access. Anticipate and respond rather than react- iotAR Thanks for the tag and discussion!
Insurance & Data Protection Advisor
1 年Thanks for sharing Alberto Garuccio. The adoption of modular subscription insurance will be driven?by the need to offer more personalized products and services to customers. Mobility-as-a-service can enable consumers to plan and pay for different modes of mobility through a digital platform, providing a seamless mobility experience. In order to compete, the insurance industry need to evolve, to become more customer-centric and focus on providing a superior customer experience.?Data, technological innovation and customer experience are the key success factors.?
Partner at HEKZé | Entrepreneur | Strategy & Innovation | Insurtech, Fintech & AI | From Vision to Execution
1 年Sorius for a better underwriting concerning bikes
Solution Architect & Senior Expert Insurance at SAP - In early Retirement
1 年?? Data will be key, analytical quality will be decisive, and simple as well as cost-efficient settlement & payment processes (fully automated) of very tiny premiums will be mandatory.