Monday, January 23, 2017

How Lemonade and AI are putting the fizz in insurance claims

US peer-to-peer InsurTech start-up Lemonade, claims it has set a world record for the speed and ease of paying a claim at three seconds with zero paperwork. Read more:

Swiss insurer Helvetia looks to back startups with $55m VC fund

Swiss insurer Helvetia is the latest traditional institution to move into startups investment with the launch of its newly established venture fund. Read more:

BoughtByMany grabs £7.5m for group-powered insurance

London-based insurtech startup BoughtByMany has raised £7.5m in a Series A round. Octopus Ventures led the investment. Read more:

What insurance industry CIOs predict about Insurtech in 2017?

The insurance sector is slowly but certainly going big on leveraging technologies. InsureTech's aims to help insurance companies to improve its services and business operations with better reach and connect with their customers and benefiting them overall. Read more:

Insurance disruption fuelling customer-centric innovations

Driven by the rapid advances in technology, insurers in Singapore have been taking steps to be more customer-centric in an attempt to retain loyalty and attract new policyholders. Read more:

SocGen engages Personetics for chatbot roll out

The French bank, SocGen, will roll out its chatbot services later this year, using technology from Personetics. Read more:

Qonto wants to become N26 for business banking

French startup Qonto has some ambitious goals and wants to become the best bank account you can get when you start a company in France. Read more:

FinTech startup Squirrel is crowdfunding fresh investment

Squirrel is seeking to raise £400,000 on equity crowdfunding platform SyndicateRoom, with £100,000 of that already promised by angel investor Jos Evans. Read more:

Fraugster nabs $5m for AI-powered anti-fraud

Artificial intelligence-powered anti-fraud startup Fraugster has raised $5m in funding. Earlybird led the round with existing backers also participating. Read more:

Could regulators perform AML in a blockchain world?

Real time networks provide central banks the ability to settle mass market retail transactions in real time. Read more: