The Briefing on global InsurTech innovation

The latest news, trends and data on InsurTech innovation from around the world

In Data:
InsurTech News in Numbers

10m

Wearable devices in use in the UK in 2016

million

Predicted number of UK wearable device users by 2020

47%

Turkey has seen a 47% increase in FinTech investment since 2016

$697m

InsurTech funding volume of $697 million in Q4 2017

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36%

InsurTech funding volume increased 36% year-over-year in 2017, according to Willis Towers Watson, demonstrating that technology driven innovation remains a core focus area for (re)insurance companies

The Key moments in InsurTech this quarter

Anorak & TrueLayer apply PSD2 for life insurance

London-based InsurTech start-up, Anorak, has partnered with financial API provider, TrueLayer, to enable one of the first applications of PSD2 rules in the life insurance market.

Anorak will use financial data made available via PSD2 to predict the cover needed by individual customers and match them to the best policy.

Aviva to offer digital GP service with NHG

Aviva has partnered with digital health company Now Healthcare Group (NHG) to give its large corporate health insurance customers access to more than 1,000 general practitioners (GPs).

Both companies will offer a mobile app, dubbed Aviva Digital GP, which will allow users to book video consultations with GP, get remote diagnoses, and obtain advice on simpler medical queries.

MetLife collaborates with MIT to develop ‘disruptive’ InsurTech

MetLife has signed a multi-year collaboration with the Massachusetts Institute of Technology (MIT) to identify and develop disruptive platforms for the insurance industry.

The agreement makes MetLife a consortium lab member of the MIT Media Lab, which has 26 research labs and nearly 450 active projects.

InsurTech in Action

The latest companies to use InsurTech to...

Zipari introduces new mobile app for health insurers

Zipari, a technology startup that develops products for health insurance carriers, has introduced a new mobile app for its health insurance members.

The new app, available to health insurance carriers and their members, is designed to help health insurers to boost member retention and increase member satisfaction.

John Hancock to implement single, integrated digital platform

John Hancock, a division of Canada-based Manulife Financial, has rolled out a four-year project to deploy a single, integrated platform to offer its life and annuity customers with a holistic and digital experience.

In order to execute this plan, the insurer has teamed up with Indian IT major Infosys.