Christophe Langlois 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.
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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.
#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
#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
#3 Market Map: 140+ Startups Shaping The State Of US Insurtech
"We mapped 140+ US insurtech startups innovating across areas from home and auto to cyber and life insurance."
Source: CBInsights
#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
#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
#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
#7 The Half A Billion Dollar Question
"What happens when the largest venture fund invests the largest amount ever in an insurtech? Check out the discussion with Hari Balakrishnan, CMT’s Co-founder and Chief Technology Officer, and Andreas Hansson, partner at Softbank."
Source: Cambridge Mobile Telematics
#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
#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
#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
