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/Insurance

Mastercard and Dream partner to speed up insurance payouts

Mastercard today announced a global partnership with Dream Payments aimed at getting insurance customers paid quickly, simply and securely.

/Insurance

Singapore Insurtech UEX raises S$1.3 million

One of the first InsurTech platform in Singapore has just raised 1.3 million SGD of funding from its seed investor VERSPIEREN (a French insurance broker) to strengthen its presence on the Singaporean market.

/Insurance

Zurich opens UK Innovation Foundry

Today sees the launch of Zurich’s UK Innovation Foundry. The new initiative which will tackle the ever changing customer demands as well as embedding a clear culture of innovation throughout the insurer – from the initial ‘spark’ of inspiration to a full-scale roll out.

Global fintech funding holds steady in 2017

/Insurance

Global fintech funding holds steady in 2017

Funding for fintech companies around the world stabilised in 2017, hitting similar levels to the previous year but was still way down on 2015 numbers, according to the latest KPMG report.

/Insurance

MarketInvoice partners with Euler Hermes

Business finance company MarketInvoice has established a partnership with Euler Hermes, the global leader in trade-credit insurance, which will provide credit insurance policies to customers of MarketInvoice in safeguarding their businesses.

/Insurance

Ping An OneConnect fintech subsidiary raises $650 million in financing

Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or "the Group", HKEx: 2318; SSE: 601318) is pleased to announce that three technology subsidiaries under the Group - Ping An Healthcare and Technology Company Limited (hereafter "Ping An Good Doctor"), Ping An Medical and Healthcare Management Co., Ltd. (hereafter "Ping An Healthcare Technology") and OneConnect Financial Technology Co., LTD (hereafter "OneConnect") - have recently completed private placement financing.

/Insurance

TCS scores £500m M&G Prudential contract

M&G Prudential, the UK and European savings and investments business of Prudential plc, announces a new agreement with Tata Consultancy Services (TCS), a global leader in IT, business process and digital services, to digitally transform their business and deliver enhanced service for its UK savings and retirement customers.

/Insurance

Atos aims to nurture fintech partner programme

Atos, a global leader in digital transformation, today announces three new initiatives to strengthen its global FinTech Partner program; FinLab, its cloud-based platform to facilitate the creation of new joint services; FinHub, a Fintech on-boarding program and FinNet, an insights and trends knowledge portal.

/Insurance

Revolut introduces pay-per-day geolocation travel insurance service

Revolut, the app-based banking alternative, has today announced the launch of its Pay-per-Day travel insurance service, a groundbreaking product which uses a customer’s geolocation to provide instant medical and dental cover, starting at less than £1 per day.

/Insurance

Mike Brockman launches new insurtech venture ThingCo

Mike Brockman, one of the insurance sector’s leading visionaries and most respected disruptors has begun a new insurtech venture.

/Insurance

Russian insurtech accelerator launches

Over 80 applications from many Russian cities and abroad were submitted for participation in an insurance accelerator organized by the Fintech Innovation Lab. Based on the results of preliminary selection 22 teams were invited for the onsite tour.

Lombard Risk agrees to Vermeg takeover offer

/Insurance

Lombard Risk agrees to Vermeg takeover offer

The board of UK-based banking and compliance software firm Lombard Risk has accepted a cash for shares offer from Dutch software firm Vermeg.

/Insurance

Dear Prudence: Prudential launches AI-powered chatbot

Prudential Hong Kong Limited (“Prudential”) today announced two new additions to its digital transformation line-up that harness automation, artificial intelligence (AI), machine learning and other technological innovations in order to provide a more personalised and accessible experience to customers.

/Insurance

Financial Risk Solutions opens Asian offices

Financial Risk Solutions (FRS), a Dublin-based provider of unit-linked investment administration and compliance oversight software, is pleased to announce the opening of two offices in Asia; Hong Kong and Malaysia. These are the first offices outside of Europe for the business.

/Insurance

Allianz abandons internal innovation projects in favour of startup investments

Allianz X, the venture unit of the Allianz Group, announced today strategy and leadership changes intended to prepare the entity for long-term success.

/Insurance

Use of budgeting tools and apps amongst over 50s almost triples in two years

The latest research from over 50s specialist insurer SunLife reveals that online tools and phone apps are becoming more popular amongst people in their 50s, 60s and 70s.

/Insurance

Zurich launches ‘selfie’ app and FaceQuote to encourage financial planning

Leading insurer Zurich has today launched a ‘selfie’ app called FaceQuote to urge more people to think about and engage with their finances.

/Insurance

F10 Fintech adds Zürcher Kantonalbank to its incubator

F10, Switzerland’s leading FinTech startup accelerator and incubator, today announced the news that Zürcher Kantonalbank, Switzerland’s largest cantonal bank has joined as a corporate member, effective as of December 1st, 2017.

/Insurance

Stratumn partners French insurers on blockchain experiment

Stratumn, the leading provider of consortium blockchain technologies reinventing inter-business relationships, announces today the completion of a blockchain experimentation connecting 14 insurance companies in France.

/Insurance

OCBC puts health insurance on the mobile

Digitalising the way customers buy health insurance products, OCBC Bank has again launched a first in the digital wealth management space.

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