Monday, January 23, 2017

Microsoft CEO says InsurTech shows the future of chat bots

Microsoft CEO Satya Nadella, suggests looking at the insurance industry for a look into how chat bots are being used commercially. Read more: www.cnbc.com

Life insurance startup Ladder launches in California

Ladder, the new life insurance startup looking to bring policy enrollment as easy as picking up a mobile phone, has launched in its first market — California. Read more: www.techcrunch.com

Traditional insurers forced to innovate in 2017 by Insurtech

Traditional insurance companies are forced to innovate because the smaller and more nimble insurtech companies had reached the tipping point in 2016. Read more: fintechnews.sg

Insurers buy cover against tech revolution

The insurance industry is not renowned as a beacon of forward thinking. Even some of its executives admit that it is dominated by outdated technology. Read more: www.thetimes.co.uk

Guide to China’s InsurTech regulations

Insurance companies in Asia are facing a labyrinth of regulations as they invest in the insurtech space, particularly in areas such as telematics, biometrics, and big data. Read more: www.chinabusinessreview.com

Japanese insurance firm replaces 34 staff with AI

Fukoku Mutual Life Insurance is laying off the employees and replacing them with an artificial intelligence (AI) system that can calculate insurance payouts. Read more: www.bbc.co.uk

Three reasons insurance is changed forever

We are entering a new era for global insurers, one where business interruption claims are no longer confined to a limited geography. Read more: insurancethoughtleadership.com

Insurers tap cyber security ratings to limit liabilities

New breed of startups aims to assess strength of companies’ defences against hackers. Read more: fintechranking.com

InsurTech startup Lemonade touts 3 seconds claims payment

Lemonade has staked a claim on a “new world record” as its artificial intelligence allowed the InsurTech firm the ability to pay a claim in just 3 seconds. Read more: www.crowdfundinsider.com

US Treasury insurance advisors to discuss blockchain

An advisory council to the US Treasury Department focused on the insurance market will discuss blockchain tech at a meeting later this week. Read more: www.coindesk.com