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Aon & Paypal join forces
Interesting move by Aon to partner with PayPal to offer a digital insurance program through Aon's CoverWallet solution on the PayPal Commerce Platform. The solution will give PayPal's small business customers in the U.S. the ability to shop for, purchase and manage insurance coverage.
More on Tesla’s insurance foray
A bit more on Tesla's insurance foray. A few quotes worth noting. International expansion on the cards: "Tesla expects to be the largest insurer of Teslas in the state of Texas by the end of the year. In addition to expanding its “real-time insurance” offering into….
Retailers getting ready for crypto..
According to a recent Deloitte report, three-quarters of United States retailers plan to accept crypto or stablecoin payments within the next two years,. The report also found that more than half of large retailers with revenues over $500 million are currently…
Corporate Innovation Blockers
Innovation and experimentation are becoming increasingly important capabilities in an increasingly dynamic competitive environment. However, many organisations struggle. Executive surveys highlight disappointment with innovation efforts. Great article covering some of the fallacies/myths that undermine innovation.
upcover raises $2.7m
I had the privilege doing a bit with Skye Theodorou and Anish Sinha when they were first kicking off upcover. So its great to see them get some additional funding -$2.7 million in a Seed funding alongside $2 million in debt. Will watch with interest as they look to…
Tensorflight improves data
Tensorflight is one of several Insurtechs utilising imaging data to improve property insights for insurers. Others include Arturo (which IAG Firemark Ventures has invested in) and CAPE Analytics. QBE Ventures has invested in Tensorflight.
American Family Insurance using Computer Vision to aid subrogation
Another interesting application of computer vision. c is partnering with Tractable (London) to apply its artificial intelligence (AI) solutions to the claims subrogation settlement process.
Emerging Giants in the Asia Pacific
Great report by KPMG, rich with data and insights on the Emerging Giants in the Asia pacific. Some key takeaways…
InsuranceDekho has raised $100M in its latest round.
The insurance platform is an aggregator/web comparison service for motor and health insurance. Initially it had over 20 motor and health insurance issuers and has since expanded into life, term, and retirement plans, among other forms of insurance. The largely digital platform lets users…
Amazon and delivery driver insurance
Very interesting article looking at how Amazon (and some others) think about insurance for delivery drivers. Amazon DSPs are the small business owners who contract with Amazon to do all the last mile deliveries:…
Pet insurer Trupanion to access 20m customers
Pet insurance - an insurance vertical that is still very much in its infancy; at least in Australia. It is a product that has a value chain very much like health insurance , with the vet playing a critical role. Interesting to see this new partnership announced in the US between Chewy and Trupanion….
Future of home insurance in the UK
Super report by my colleague Sabine VanderLinden on the future challenges and opportunities in home insurance. The report draws on the perspectives of some industry leaders and while it focusses on the UK, there are many parallels in other markets like Australia and NZ. Well worth a read of you are serious about…
RAC Insurance App Trial Successful
Great to see the RAC Insurance business advancing tech that helps save lives and reduce accidents. The RAC app which detects phone usage has just been through a trial with 800 customers. It is reported that it reduced phone usage by 60 per cent. The same proportion said that…
Subscription insurance for short stay rentals
InsuraGuest Technologies has launched a subscription based insurance product for Vacation Rental/Short Term Rentals. Under the subscription model the property owner or property manager can choose which insurance package they want for their property, depending on the level coverage and its limits; a cost that can be passed onto the guest during their stay. The cover can be…
The IoT Opportunity
The insurance industry cannot ignore the rapid growth in IoT opportunities. IoT and insights from the generated data can enable new, positive customer experiences beyond the benefits that come with insurance, and the industry must define its approach to…
Disruption lessons from Payments
The payments space has been one of those spaces where there has been massive change and disruption. In this Accenture article they look at some of the key lessons…
Swiss Re on embedded insurance
Some good insights here from Sebastien Bert, co-head of strategic partnerships for the Americas at Swiss Re about embedded insurance…
Aon and PayPal partner to offer insurance
Some good insights here from Sebastien Bert, co-head of strategic partnerships for the Americas at Swiss Re about embedded insurance:
Insurers need to rethink “embedded insurance”
A good article in The Digital Insurer on some of the mindset shifts and opportunities with embedded insurance - well worth a read. My key takeaways…
Amazon foray into financial services
Super interesting report about Amazon’s foray into financial services by CB Insights. My key takeaways - Amazon is very focussed on…