Insurtech News Daily 2020 Week 2
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Insurtech News Daily 2020: Week #2

Top insurtech news and insights from the global financial services industry

Top insurtech news daily 2020 from 6th to 12th January 2020 curated by the VisibleBanking.com team with the help of our fintech community.

In this series, we aim to curate only the very best, most insightful insurtech news from all over the world.

Please note that in 2020, we will publish a number of additional weekly updates like this one but dedicated to regtech, paytech and fintech.

Fintech News Daily: Contribute!

We invite you to help us by submitting any article (in English) you believe is highly relevant and/or voting for your favourite article.  Last but not least, please share your comments on any of those articles via the straight forward comment section available on every entry.

We curate your submission, so please no self-promotion or vendor success stories here.  Alternatively, feel free to enquire for our sponsoring opportunities.

All published content and contributors will get visibility on this article as well as on our trusted and well-followed twitter account and Christophe’s LinkedIn profile.

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Insurtech News Daily 2020: Week #2

This week our Visible Banking team curated over 150 articles on the topics mentioned above.

You will find our shortlist below.

MENTIONS

PEOPLE: Pia Tischhauser, Andreas Hansson
COMPANIES: SHI, CBIRC, Ping An, BCG, Grab, SoftBank, Aon, Munich Re, ACORD
COUNTRIES: USA, Thailand, China, Germany
CHANNELS: insurtech

#1 Insurtech deal value triples to $969mn in December: KBW

"Transaction funding in the insurtech space reached $969.1mn in December 2019, up from $312.5mn in the month prior and $608.5mn during the same month in 2018, according to the latest calculation from equity analyst Keefe, Bruyette & Woods."

Source: The Insurer

submitted by Christophe Langlois

#2 China targets blockchain insurance standards, consortium

"The Shanghai Insurance Exchange (SHI) hosted an event on December 27 to launch work on “Industrial Blockchain Application Technology Standards”. The initiative is under the guidance of the China Banking and Insurance Regulatory Commission (CBIRC). SHI is China’s answer to the Lloyd’s market, launched and managed by the CBIRC in 2016. It has 91 shareholders."

Source: Ledger Insigths

submitted by Christophe Langlois

#4 Ping An Technology and Intel to Establish Joint Innovation Laboratory

"The two companies plan to establish a joint laboratory, cooperate on products and technology, and form a joint project team in areas of high-performance computing, including storage, network, cloud, artificial intelligence (AI) and security."

Source: PR Newswire

submitted by Christophe Langlois

#5 Insurance Innovation In South East Asia | BCG

"BCG’s Insurance Global Leader Pia Tischhauser discusses innovation in the South East Asia insurance market with Managing Director and Partner Prae Dumrongmongcolgul in Bangkok. Prae explains that many insurers in South East Asia are now focusing on putting the customer at the center. They are also using technologies such as AI and IOT to disrupt their traditional models and become more efficient."

Source: BCG

submitted by Christophe Langlois

#6 Grab Enables In-App Travel Insurance for As Low as $1 Per Day

"Grab and Chubb announced today the launch of Travel Cover — an on-demand travel insurance service that Grab users can purchase within the app. The product is distributed by GrabInsure Insurance Agency, Grab Financial Group’s insurance platform."

Source: Fintech News Singapore

submitted by Christophe Langlois

#8 Aon Deal Signals Rising Trend Of InsurTech In The 2020s

"The professional services firm has completed its acquisition of CoverWallet, a digital insurance platform that caters to SMBs. CoverWallet will be a part of Aon’s New Ventures Group, which is an arm of Aon that focuses on expanding the company’s reach."

Source: PYMNTS

submitted by Christophe Langlois

#9 Porsche, MHP and Munich Re found a joint venture

"Porsche, MHP – the sports-car manufacturer’s subsidiary for management and IT consulting – and reinsurer Munich Re plan to form a joint venture. In fact, the three partners have already signed an agreement. The alliance “FlexFactory: Digital Factory Performance” will aim to offer digital and flexible production strategies as well as innovative software solutions that make it highly cost-effective to produce even the smallest of batches."

Source: MunichRe

submitted by Christophe Langlois

#10 ACORD Names Top Ten InsurTech Leaders of 2019

"“ACORD’s Top Ten InsurTech Leaders list features visionaries operating throughout the insurance value chain, from large, established incumbents to small startups."

Source: IIR

submitted by Christophe Langlois

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What do you think?

Written by Christophe Langlois

Based in London for almost a decade, Christophe is an entertaining fintech marketing keynote speaker and a trusted advisor to the global financial services industry on the topics of digital marketing, innovation and B2B social media.

Christophe has contributed to over 140 events in 18 countries.

Currently, Christophe is advising a number of fintech startups on marketing and growth hacking and he is the Chief Marketing Officer of The Fintech Power 50, an exclusive annual programme helping fintech scale-ups to accelerate their growth globally.

Christophe's views on VisibleBanking.com are his own.

Regtech News Daily 2020 Week 2

Regtech News Daily 2020: Week #2 (Open list) (10 submissions)

Paytech News Daily 2020 Week 2

Paytech News Daily 2020: Week #2 (Open list) (10 submissions)