Insurtech Insights

In partnership with Prudential Hong Kong, we are delighted to announce the winners and runners-up of the Prudential Tech Showcase, which took place at Insurtech Insights Asia 2024. The jury, composed of association heads and insurance executives, were searching for technology-powered companies that are addressing significant challenges, have built outstanding solutions, are seeing strong traction in the market, and are fundamentally transforming insurance for good. A huge round of applause for: Spectrum.Life Health View Bioanalytic Limited Negawatt Utility Ltd. YoujiVest Technology AusMed Global Eazy Digital Leapstack Inc. Qantev Nanoinsure Technology Group YAS MixCare Health Tungsten Automation We look forward to seeing what you can all achieve over the coming decades, and to meeting again in 2025. #insurtechinsights #prudentialhongkong #insurtech #insurance #technology

In our latest Thought Leadership article, James B., VP of Solutions Engineering at Virtuoso QA, says: "The most seductive element of AI is its promise to autonomously automate repetitive tasks, but its potential reach extends well beyond this to encompass many high-skilled roles that involve structured processes." Read more: https://lnkd.in/e3M9_Gaq #insurtechinsights #insurtech #insurance #businessstrategy

bolttech has announced that Dragon Fund, by Liquidity and MUFG, is leading bolttech’s Series C funding round alongside investors Baillie Gifford, Generali – through Lion River, the Group’s company dedicated to Private Equity, and others, which is expected to total more than US$100 million. Rob Schimek, Group Chief Executive Officer, bolttech, said, “This latest round of funding is an endorsement of our value proposition and marks another significant milestone for bolttech. The funding also demonstrates our relentless pursuit of innovation and excellence as we enable the insurance industry." Also quoted in this article: Ridhi Chaudhary, CIO of Dragon Fund, Hendrik Borginon, Investment Manager, Baillie Gifford and Aakash Tulsani, Managing Director at Dragon Fund. Read the full story here: https://lnkd.in/eyVZbYgA #insurtechinsights #insurance #insurtech #funding #investment

Global professional services firm Aon has announced a significant enhancement to its Climate Risk Monitor solution, integrating advanced flood risk capabilities through a new partnership with flood risk expert Fathom. Harry Vardigans, Head of Insurance at Fathom, echoed this sentiment “Integrating Fathom’s high-resolution flood risk data into Climate Risk Monitor provides Aon’s clients with robust tools to assess and manage flood exposure globally, creating stronger risk strategies in an era of increasing climate volatility.” Also quoted in the story is Liz Henderson, Aon’s Global Head of Climate Risk Advisory. Read the full story here: https://lnkd.in/dHgcrGE8 #insurtechinsights #insurance #insurtech #partnerships

Earnix, a leading provider of AI-powered insurance solutions, has partnered with Tokio Marine North America Services (TMNAS) to create a centralised data repository. “Insurers want to—and must—innovate. The key when choosing new solutions is to select those that address the operation as a whole,” said Robert Pick, EVP & CIO at TMNAS. “Tokio Marine North America Services has long embraced cutting-edge technology and approaches on behalf of its customers,” said Robin Gilthorpe, CEO at Earnix. Read the full story here: https://lnkd.in/eHaKgtRN #insurtechinsights #insurance #insurtech #partnerships #data

Tokio Marine Kiln, a leading international insurer, has unveiled a groundbreaking report highlighting the critical role insurance can play in driving growth in the global FemHealth sector, which is projected to expand from £28 billion to £103 billion by 2030. Kirsten Shastri FCII, Head of Life Sciences at TMK, emphasised the urgency of addressing these challenges “FemHealth is an exciting and fast-growing sector that needs our knowledge and expertise to thrive, and insurance must keep pace with innovation. TMK is committed to working with our industry partners to highlight these issues and bridge the knowledge gap around women’s health." Read the full story here: https://lnkd.in/dwBytMbE #insurtechinsights #insurance #insurtech #partnership

Cytora, a leading digital risk processing platform, has partnered with global catastrophe risk modeling and solutions company Moody's RMS. Richard Hartley, CEO and co-Founder of Cytora, said: “Natural and manmade catastrophes, influenced by a changing climate, are bringing a huge range of difficult challenges to the insurance industry that are only going to grow." Michael Richitelli, Managing Director – Global Insurance Sales at Moodys, said, “The changing catastrophe risk landscape means it’s more important than ever for insurers to accurately assess the impact of catastrophe risk as part of the risk selection and pricing process." Read the full story here: https://lnkd.in/gRZHdgmp #insurtechinsights #partnerships #climatechange #moodys

Zurich Resilience Solutions, the commercial risk advisory unit of Zurich Insurance Group, has launched Climate Spotlight, a state-of-the-art digital solution designed to help businesses and public entities tackle climate risks. Zurich‘s commitment to supporting customers in navigating climate risks reflects its broader mission of promoting resilience and sustainability on a global scale. Through Climate Spotlight, the company aims to bridge the gap between risk assessment and actionable strategies, helping businesses build a stronger foundation for a climate-conscious future. Read the full story here: https://lnkd.in/diB4QDWz #insurtechinsights #insurance #insurtech #climate

POLL ❌ ✔️ With just days left till the EOY, and the start of 2025, which trend has driven the most progress across the insurance industry in 2024 - and what have insurers and service providers learned from it? Add your thoughts to the comments below. #insurtechinsights #insurance #endofyear #trends #drivingchange

Blink Parametric, a leading provider of parametric insurance solutions, has partnered with Zurich Insurance Indonesia to launch "FlyEasy," a real-time flight delay coverage solution. “This latest Zurich Indonesia integration coincides directly with our strategic move to further expand and support our business development and partner activities across the APAC region,” said Richard Pollard, Director of Strategic Accounts, Blink Parametric. sukma darman, Head of Digital, Zurich Indonesia commented, saying: “Blink Parametric have helped us to achieve successful travel insurance integrations for the Asia Pacific region throughout this year, including delivery of innovative real-time assistance for our valued customers when they need us.” Read the full story here: https://lnkd.in/gd-HSn8n #insurtechinsights #partnerships #insurtech #parametric #zurich