Digital Insurance

Coronavirus spurring big claims volume in life insurance

Insurers are looking at more than $7 billion in claims, says Aite Group.

Posted: Apr 30, 2020

Insurtech startup funding lowest since 2018 amid coronavirus

Three-quarters of a billion dollars were invested in startups in the first quarter of 2020, less than half the amount from the final quarter of 2019.

Posted: Apr 30, 2020

Meet the insurtech: Covered by Sage

Company is focused on accessibility and efficiency for retail agents and brokers.

Posted: Apr 29, 2020

Data may imply coronavirus auto-premium reductions were premature

Amid record low travel and vehicle miles traveled, speeding and crashes in cities around the United States have increased.

Posted: Apr 28, 2020

Oscar Health lays off 5% of staff

Laid-off staff will receive severance and health care coverage, and layoffs won’t affect customer-facing roles.

Posted: Apr 27, 2020

The Dig In Podcast 003: Speeding up insurance digitalization post-COVID

With insurers rapidly deploying digital capabilities in order to service socially distancing customers, Jamie Yoder of Snapsheet thinks these habits could stick and become status quo going forward.

Posted: Apr 27, 2020

On the front lines of coronavirus care, a payment crisis escalates

Like other businesses, hospitals have been forced to make instant emergency changes because of the coronavirus. But many hospitals are concurrently getting a rush of demand for service with an unclear revenue stream.

Posted: Apr 26, 2020

Meet the insurtech: Honk

Counting Farmers among its clients, company’s platform provides touchless claims and roadside assistance.

Posted: Apr 24, 2020

Cashfree delivers more payment tools for India's insurance industry

Business payments gateway Cashfree has established new features for its insurance, web aggregator and broker clients in India to streamline policy premium collection, claim settlement and payouts to agents and hospitals.

Posted: Apr 22, 2020

Warmest oceans on record adds to hurricanes, wildfires risks

(Bloomberg) -- The world’s seas are simmering, with record high temperatures spurring worry among forecasters that the global warming effect may generate a chaotic year of extreme weather ahead.

Posted: Apr 22, 2020

Coronavirus already impacting insurers' IT budgets

Early research from Celent quantifies initial reactions

Posted: Apr 22, 2020

The Dig In Podcast 002: How insurtech unicorn Hippo is responding to virus crisis

Rick McCathron, chief insurance officer of the digital home insurance carrier Hippo, talks rapidly ramping up work-at-home and virtualizing home inspections as the coronavirus fallout spread.

Posted: Apr 21, 2020

Coronavirus pours gas on the tech revolution

Changes that would have occurred over the course of years are happening in weeks.

Posted: Apr 20, 2020

Insurers shouldn't be forced into coronavirus relief

When the government instead purports to rewrite the terms of policies already in force, serious problems arise.

Posted: Apr 20, 2020

Top insurtech funding rounds of Q1 2020

Believe it or not, there was a time before coronavirus, and some insurtechs were able to land more cash.

Posted: Apr 20, 2020

Allianz CEO says virus hit insurers like ‘meteorite’

The German government has unveiled a plan to backstop losses at commercial credit insurers to keep trade flowing and prevent bankruptcies.

Posted: Apr 16, 2020

Parsyl launches parametric cargo insurance

Insurtech's new suite is being used by Ascot Insurance.

Posted: Apr 16, 2020

How Argo Group planned for COVID-19

The crisis taught us a lot about what we can plan for, how digital can change the trajectory of our business lines, and how at the heart of digital solutions will always be a dedicated workforce.

Posted: Apr 15, 2020

How The Principal is handling coronavirus

Previous digital investments are paying off, says divisional CIO Kara Hoogensen

Posted: Apr 14, 2020

An ancient computer language is slowing America’s giant stimulus

This is slowing the government’s effort to get billions of dollars in stimulus checks to millions of newly unemployed citizens.

Posted: Apr 13, 2020

Will coronavirus crisis boost telematics and UBI?

More workers will be home-based either permanently or part-time in the post-COVID-19 era.

Posted: Apr 13, 2020

The Dig In Podcast 001: Don Civgin of Allstate on giving back in coronavirus era

Learn how data informed Allstate's decision to rebate auto insurance customers as COVID-19 kept cars off the road.

Posted: Apr 13, 2020

Insurtechs Kin, Cape Analytics partner up

Home insurance carrier will leverage Cape's geospatial data.

Posted: Apr 09, 2020

Battles continue over businesses' coronavirus claims

A dozen business owners -- including celebrity chefs, Native American casino operators, restaurant chains, a scuba-diving shop and a movie theater operator -- have sued insurers for refusing to honor policies.

Posted: Apr 08, 2020

Insurance scenario planning for the day after coronavirus

Insurers who cling to the business structures and systems of The Before Times may not be able to adapt.

Posted: Apr 07, 2020