Lighthouse #12
Curating the best insurance, insurtech, innovation and leadership content for you.
Ron Arnold
11eight | Linkedin | twitter
What is now proved was once only imagined.
William Blake
SONR Top 100 Insurtech report: It’s a great pleasure to have judged this year’s Sønr Global Global Insurtech 100 - a celebration of of the leading startups, scaleups and innovators driving change across insurance. So great to see these early stage businesses maturing to drive better outcomes for consumers and insurers. Their passion and drive to change insurance for the better is to be admired. A super resource. Source: SONR
Koba UBI launches in Australia: Great to see that Andrew Wong and his team have launched the pay per kilometre offering KOBA Insurance. To date, Usage Based Insurance offers have not gained any real traction in Australia. However, these propositions are growing rapidly offshore with mainstream insurers, manufacturers and start-ups all getting traction with offers in this space.
Koba definitely one to watch and great to see more opportunity for consumers to find cover that meets their needs....in this case the less you drive the less you pay. Clearly, good for people who don't do many k's....
Betterview partners with West Bend Mutual: Betterview is an insurtech that focusses on providing detailed property insights utilising data from a variety of sources. West Bend Mutual’s selection of Betterview is part of a large-scale underwriting and claims modernization initiative will leverage Betterview’s Remote Property Intelligence Platform, including the integrated PropertyInsight tool and Roof Spotlight Index, to efficiently evaluate its entire book of commercial properties for new business and renewal. There are several of these types of solutions in market eg Arturo, Cape Analytics and are being sued in Australia. Source: Coverager
Rhino partners with Cover Genius: New York-based real estate technology company Rhion has partner with Cover Genius to the re-enter the rental space after previously partnering with Lemonade. The new rental product is called the Rhino Rental Insurance Program. It is underwritten Markle. Cover starts at a cost-effective $12.50 per month and enables property managers to provide economical rates for tenants and across multi-regions. Renters can also manage their policies via a single, easy-to-navigate dashboard providing ‘proof of insurance’ credentials. Source: Insurtechdigital
eDriving Partners with Jerry: eDriving, is a Solera company, and global provider of digital driver risk management solutions, is helping commercial drivers save money on personal car insurance by incorporating Jerry into its smartphone app, Mentor. Jerry first launched in 2019 with its AI- and machine-learning-based car insurance comparison service, and today serves more than 1 million customers across the United States as a licensed insurance broker. For Mentor users, Jerry is available in-app, and provides customized quotes from more than 50 insurance carriers. If a driver finds savings and decides to switch, Jerry handles the paperwork and cancels the prior policy. Mentor app users who request insurance quotes through Jerry do not receive emails, calls, or pop-up ads from third parties. eDriving’s Mentor app is a smartphone-based digital driver safety program that identifies driver risk using a validated FICO® Safe Driving Score, and remediates risky behavior with training, coaching and gamification. Among other features, Mentor also incorporates an eco-driving indicator, plus Emergency Response Services, including Automatic Crash Detection and Personal SOS features powered by Sfara and Bosch. Source: eDriving
11eight is a specialist consulting firm helping Corporates get better results from their innovation and helping start-ups get ready to work with Corporates. While 11eight takes due care with the information contained or implied in this Newsletter, 11eight does not warrant or guarantee its accuracy. Readers should validate the information and 11eight accepts NO responsibility or liability for any actions readers take based on information contained herein. Please sign up to our Newsletter and you can contact us here.
