Know Now from InsurTech

Top News Stories compiled from authoritative sources to keep you in the Know. Now!

FOMO may be the catalyst for insurtech uptake

2018-09-10T08:30:31+00:00

Technology will be the key to making the insurance industry more accessible—but the pace of innovation must also match the opportunity and demand, according to Gerry Tighe, head of treaty, Matrix Insurance & Reinsurance Brokers. “There is a multitude of insurtech startups out there right now all looking to disrupt [...]

Guy Carpenter launches GC Genesis

2018-09-10T08:20:43+00:00

Guy Carpenter a leading global risk and reinsurance specialist announced the launch of GC Genesis, its expanded InsurTech advisory offering designed to meet clients’ desire to understand and leverage the dynamic universe of InsurTech. The InsurTech space has expanded rapidly in recent years,” explains Peter Hearn, CEO of Guy Carpenter, “creating [...]

Lemonade Pitches Home Insurance

2018-08-03T16:51:44+00:00

Lemonade the insurtech startup is dipping its toes into the renters insurance market.  Despite the renters (and homeowner insurance) being a very localized and regulated market, leveraging digital technologies and social media savvy Lemonade pitches home insurance, according to an article in Bloomberg. “Sometimes insurance operates on legacy systems, which [...]

Insurtechs pose a challenge to mainline insurers: Scale or Innovation

2018-08-01T13:07:26+00:00

As per Capgemini InsurTech firms’ deft use of advanced technology is disrupting existing insurance practices and business models in an industry that has traditionally relied on scale for success. Capgemini Ian Campos states: Regardless of the focus or go-to-market approach of an individual InsurTech firm, new-age insurers are driven to deliver [...]

Insurers driving customer experience through technology

2018-07-30T06:25:14+00:00

In a recent study conducted by JD Power, US Insurers are driving customer experience through technology.  It may seem obvious, but the study reiterates that People expect an experience that works like when they’re at Amazon, Netflix, and Uber. According to JD Power: The J.D. Power 2018 U.S. Insurance Digital Experience Study provides an analysis of [...]