Insurtech Provides Help for Hurricane Dorian
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Major weather events such as hurricanes are also major events for insurers and their customers. Technology can help out with that.
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Fintech News Stories
Insurtech Firms to Keep an Eye On
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Insurance technology (or insurtech to those in the know) continues to be hot; more than $3 billion in funding was poured into the sector in 2018, and that figure in 2019 is expected to be even higher. In our travels to and fro in recent weeks, we have been fortunate enough to meet with and discover a number of interesting – and very diverse – firms in this space.
Read MoreTesla Looks to Conquer Insurtech
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Last week, we covered how Elon Musk has set his sights on dominating the rideshare industry with his army of robot-powered cars. Well, now his flagship company aims to disrupt the insurance industry as well. Musk said during a Tesla earnings call recently that the company plans to create its own insurance product and launch it within a month.
Read MoreHow Do You Insure an Autonomous Vehicle?
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Technology and data have allowed insurers to be much more predictive and accurate when it comes to calculating risk and measuring trends. Usually this has to do with analyzing the behavior of people, but in a world where automation continues to play a bigger role in everyday life, even more questions have to be answered.
Read MoreAnthemis Dishes on Insurtech
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We liked this so-called “Anthemis takeover” of the 11:FS podcast (by Anthemis personnel including Ruth Foxe Blader, Matthew Jones, and Sophie Winwood) to discuss how the well regarded London-based VC looks at insurtech investments. The overarching point: Insurance companies are “special animals.”
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