insurance

  • DropIn brings drone-based video streaming to insurance biz

    DropIn, an LA-based startup wants to change the way the insurance companies process claims with two-way video claims processing and drone-based appraisals. The company, which launched in 2015, provides on-demand live video streaming services to help insurance companies improve the claims and underwriting process. The solution relies on a drone equipped with a camera or a smartphone… Read More

  • The case of alpha business models and beta technology Crunch Network

    The case of alpha business models and beta technology

    Allstate is on a mission to vertically develop its telematics expertise and find new sources of revenue across different sectors by launching a new standalone unit called Arity (dedicated to data collection and analytics). It’s no surprise that Allstate’s own brands, such as Esurance and Answer Financial, are clients. It’s a start on the path to the unknown. Read More

  • NextHealth raises $8.5M from Norwest to drive down medical costs

    NextHealth raises $8.5M from Norwest to drive down medical costs

    One of the few remaining universal truths is that healthcare costs are too high. Insurance companies are bucking under the pressure from the Affordable Care Act (ACA), and they are willing to try almost anything if it means reducing costs. With a shiny $8.5 million Series A from Norwest Venture Partners, NextHealth will be making that exact promise of reducing healthcare costs to U.S. Read More

  • Quilt launches to blanket a generation with a new kind of insurance policy

    Quilt launches to blanket a generation with a new kind of insurance policy

    A new company, Quilt is launching in the U.S. and setting its sight on fixing the incredibly, painfully, broken experience of getting insured in America. For consumers new options for insurance can’t come fast enough. A recent exposé by 60 Minutes of the life insurance business found that several firms are failing to pay out to beneficiaries of policy holders. And that’s… Read More

  • Insurance is ready for an upgrade Crunch Network

    Insurance is ready for an upgrade

    Insurance may be widely perceived as a sleepy backwater when it comes to innovation in technology, but that’s about to change. Whether the transformations to come — which we expect to impact the industry on a number of different fronts — end up bolstering a particular insurer’s future or undermining it depends on whether they seize the opportunity to reinvent their… Read More

  • Liability in the coming age of autonomous autos

    Liability in the coming age of autonomous autos

    While we are many years away from an autonomous utopia, where cars pick us up and drive us where we need to go without a human at the wheel, we are seeing the first steps toward self-driving cars. Volvo, Honda, Audi, Tesla—pretty much every auto manufacturer, plus Google and probably Apple—is incorporating advanced driver assistance systems (ADAS) into cars we can buy right… Read More

  • Insurance firm China Life puts $600M into Didi Chuxing months after backing Uber

    Insurance firm China Life puts $600M into Didi Chuxing months after backing Uber

    Can’t beat ’em, join ’em. That appears to be the motto of China Life, Asia Pacific highest valued insurance firm, after it backed Chinese taxi app Didi Chuxing barely months after investing in its fierce rival Uber China. Read More

  • Why the recent hype about insurance tech will be just the beginning Crunch Network

    Why the recent hype about insurance tech will be just the beginning

    For those who follow technological innovation, it can often seem like certain areas of investor enthusiasm come out of nowhere — suddenly and with huge momentum. The wave analogy is often used, and not incorrectly — fevered investment propels increasing interest and drives new opportunistic entrepreneurs into a specific industry area, building until it inevitably crashes as… Read More

  • Can startups disrupt the $20 billion cyber insurance market? Crunch Network

    Can startups disrupt the $20 billion cyber insurance market?

    Over the past few years, cyber insurance markets have been growing at between 25-50 percent CAGR each year. According to The Betterley Report 2015, annual policy premiums are approaching $2.75 billion. The ecosystem of insurance underwriters, intermediaries/brokers, analysts/management consultants and compilers of insurance market information is evolving rapidly, trying to make the most of… Read More

  • Insurance brokerage is broken Crunch Network

    Insurance brokerage is broken

    While many factors are driving the tipping point in the online distribution of insurance, the thread that ties it all together is simple: changing demographics. Insurance companies cannot expect to sell the same way to a cohort with fundamentally different purchasing habits and expectations. Players that can find new ways to sell insurance products — to new audiences that are used to… Read More

  • With $25.5M in new funding, Trov launches on-demand insurance for individual items

    With $25.5M in new funding, Trov launches on-demand insurance for individual items

    Insurance isn’t necessarily an inviting word, especially for millennials. Not only do young people have fewer items to insure, but the process of getting insurance for those items is entirely foreign to folks who order their cars, food, cleaning services and more from an iPhone app. That’s where Trov comes in. Trov is an on-demand insurance platform that lets users buy insurance… Read More

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