The slower pace of insurtech growth has been recognised by government during a Downing Street meeting of leading industry players on Wednesday (30 March).
Berlin based peer to peer insurance firm Friendsurance has secured $15m (£10.4m) of funding for expansion.
Instanda has become the only insurance-based technology firm to be accepted onto Microsoft Ventures’ London accelerator programme.
A start-up claims to have devised a white label technology platform that allows brokers and other insurance retailers to enable their customers to manage all of their insurance, life and health products in one place, regardless of the insurer.
The profits of general insurers are expected to fall over the next three months due largely to a rise in costs and low returns on investment, according to the latest PWC and CBI financial services survey released today (29 March).
Smoke and mirrors perpetuates the lobbying mystique but there is no need to bring in outsiders if there is someone with know-how and who can put together a well presented case
The Internet of Things is creating new opportunities and potentially resulting in a reduction of risk - so how can insurers attract these customers?
With Twitter celebrating its tenth birthday this week @insuranceswifty decided to ask a number of insurance-based social media advocates for their thoughts on the platform.
On 16 March the Chancellor of the Exchequer announced in the budget that the government are investing a further £15m to create a “connected corridor” from Dover to London, further reinforcing the position of the UK as the global centre for the…
It is more important than ever for the market and its customers to work together to demonstrate the value of commercial insurance
A £15m "connected corridor" from Dover to London and further driverless car and truck trials were all announced in today's (16 March) Budget.
After six years of operation German start-up broker Friendsurance has failed to make a profit but this is part of the company's growth plan, according to its CEO.
If insurers cannot keep up with customer preferences and technology they will be supplanted by those who can.
The first blockchain insurance product for the sharing economy - underwritten at Lloyd's - has launched.
Post Digital Insurance Collective: Aviva CDO Brem - digital needs its own P&L to make it a board room reality
To succeed in the digital space insurer boards need to have the "guts" to make it a strategic priority, pull capital in from elsewhere to prove it, give it its own profit and loss "teeth" and build a few icons to underline a commitment to the cause.
Post Digital Insurance Collective Blog: Design thinking, feeling uncomfortable and three centuries of caffeine fuelled innovation
Following last week's Digital Insurance Collective meeting, I promised to put together a blog consisting of my top eight take homes from my discussions and observations. So here are my thoughts, please share your own in the comment box below.
Insurers need to focus on the "ultimate tailoring" of their offerings and take the plunge on "appification", if they are going to compete with online giants like Amazon.
Millennial-focused insurer Zugar Znap will expand into France and Germany in a joint venture with German-based start-up platform Mass Up.
European insurers are set for the same levels of transformation as the banking sector, according to a KPMG report, which has tipped further growth in the insurance-tech industry in Europe in the coming years.
When Penny decided to move with the times and get rid of her battered old typewriter little did she know that others were not following suit.
Driverless lorries will be trialled on UK motorways this year with funding for trials expected to be earmarked in the 16 March Budget, according to reports.
The insurance industry can no longer afford to maintain the status quo, and is rapidly reaching a tipping point.
I was privileged to be able to attend a roundtable discussion this week on innovation in the insurance space and found the conversation surprising.
I imagine you scoffed at this blog title. In fact, you're probably ready to switch off entirely. However, bear with me a little longer - I think you'll find it useful.