Last Week in InsurTech #010
Another week, another funding round. Not as massive as last week, but South Africa is back in the picture. Check out some predictions for 2019, shiver at the most brazen insurance fraudsters of 2018 and read about the “exclusive club” that even Amazon won’t get access to…
InsurTech Venture Radar
Zesty.ai (US): $13.0m. Startup using deep learning and digital imaging to understand properties and their occupants. Investor(s): Blamar, Plug and Play Ventures and others. → source
Naked (S.A.): $2.0m. South African car insurance startup. Investor(s): Yellowwoods and Hollard Insurance. → source
InsurTech News
Tech Crunch: Commercial insurtech is like an exclusive club — and Google and Amazon aren’t invited
Check out this insightful article by XL Innovate’s Chris Downer on InsurTech (or the lack of it) in commercial insurance.
“Commercial insurance is often frighteningly complex and requires too much inside information for tech companies to find it attractive. For the time being (…) Amazon and Google are firmly on the outside looking in.”
The 9 Most-Brazen Insurance Scammers of 2018
I think the title speaks for itself. Just lean back and enjoy this collection of greed, blood and crime. Try not to lose hope in humanity…
XL Innovate’s 10 InsurTech predictions for 2019
XL Innovate is sharing their top predictions for the coming year, featuring Big Tech, SME’s, transparency and more. Check out here.
NEX Group founder eyeing $50m investment in InsurTech Singapore Life
Business Insider reports that NEX Group’s CEO Michael Spencer is considering a $50m follow-on investment InsurTech startup Singapore Life, bringing his current stake up to 60%. The startup focuses on selling life insurance digitally, “while most of Asia still largely depends on agency sales for life insurance.”
The Allure and Challenges of Online Insurance Distribution
Insurance Journal is weighing in on online insurance distribution.
“We must also recognize the significant benefits digital channels offer in terms of new distribution networks (…).”
In case you missed it
Check out the latest Insurtech Insider Podcast! 11:FS’s Nigel Walsh and Sarah Kocianski are joined by Arslan Hannani, Head of Market Management at Zurich and Tim Attia, CEO and Co-founder of Slice:
Conferences
09/01/19 — Insurance Analytics & AI Innovation (Shanghai, more info here)
24/01/19 — Annual Insurance Claims Conference (Lisbon, more info here)
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Twitter: @cngthedots
Talk soon,
Albert
