Insurtech

Top Ten Fintech Predictions for 2017

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The following are my top ten Fintech predictions for the coming year. While 2016 has been a momentous period in Fintech innovation there is more to come. 10 – Sensors Internet of Things (IoT), Wearables, Smart Home and Connected Car will bring massive change to… Read More

Rapid Growth: Paris Fintech Forum Jumps in Size for 2017 Event

Paris France Champs Elysee Europe

For its first edition, the Paris Fintech Forum gathered over 100 speakers and attracted 850 participants. This year, the event promises to be even more successful as it is stepping up with more than 200 speakers from over 30 countries. Organizers are estimating over 1500… Read More

China: WeiyangX Fintech Review

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Shanghai Launches New Regulatory Rules for Online Micro-Lending On 30th December 2016, Shanghai Municipal Financial Service Office published its first local regulatory rules for online micro-lending. According to this regulation, natural persons may borrow up to ¥200,000, while upper limit for lending to a legal… Read More

Crowdfunding & Fintech Predictions for 2017

Fortune Cookie Golden Investments Ahead Future

Last year due to time constraints I was unable to publish my list of Crowdfunding/Fintech predictions for 2016. This year I am back once again, for better or worse, peering deep into my crystal ball with a list of prognostications for the coming year. The… Read More

China: WeiyangX Fintech Review

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Suning.com Receives Authorization from CBRC to Set Up a New Private Bank On the 21st December, Suning.com, one of China’s leading e-commerce platforms, announced it had received authorization from the CBRC (China Banking Regulatory Commission) to set up a new private bank, named Suning Bank…. Read More

Lemonade to Expand into 46 States as Insurtech Company Gears Up to Challenge National Insurance Companies

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Insurtech firm Lemonade launched in September as a “full stack insurance carrier” in the state of New York. Today, Lemonade is preparing to offer insurance to 97% of US citizens by filing for licenses in 46 states and the District of Columbia to offer homeowners/renters insurance…. Read More

China: WeiyangX Fintech Review

Lufax

PPmoney Secures a ¥375 Million B Round Funding & Announces Strategy of Group Operation. On December 12th, online wealth management platform PPmoney secured ¥375 million in B round funding. Investors included Ants Capital, Yang Jianxin (actual controller of KJT.com) and Yuetai holding group. Meanwhile, PPmoney… Read More

Insurtech: One, Inc Raises $20 Million Series B as AXA & MassMutual Jump Aboard

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All in one cloud platform for insurance One, Inc., has raised $20 million from two very large insurance companies.  AXA Strategic Ventures (ASV), the VC fund backed by AXA, and MassMutual Ventures, the venture firm offshoot of Massachusetts Mutual Life. Earlier investor H&Q Asia Pacific also… Read More

Insurtech Company Lemonade Raises $34 Million. California Next on the List to Offer Insurance

Lemon and Knife

Insurtech company Lemonade has closed a $34 million Series B funding round. The investment was led by General Catalyst and included the participation of GV (aka Google Ventures), Tusk Ventures and Thrive Capital. Existing investors Aleph, Sequoia, and XL Innovate also participated in the round…. Read More

Stockholm Set to Open Fintech Hub

Flag of Sweden

The Stockholm Fintech Hub, an independent, not-for-profit hub, is set to launch in the first quarter of 2017. The hub’s mission is to accelerate and promote the development of Sweden’s fintech, insurtech, and regtech startups. It was created by Matthew Argent, Partner BLC Advisors, KPMG,… Read More

IATAI Enterprises OnePocket Takes Flight: Secure Mobile Payment

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The fintech and insurtech company IATAI Enterprises (IATAI) launched OnePocket, a frictionless and secure mobile payment method that allows customers to use Visa Checkout and in-store. The payment method was unveiled at Money20/20. Visa Checkout is an online checkout service that allows customers to make purchases from their smartphone, tablet,… Read More

Baker & McKenzie Release Asian InsurTech Report: Orienteering a Regulations Labyrinth

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Insurance companies in Asia are facing a “labyrinth” of regulations as they increase investment in the insurtech space, particularly in areas such as telematics, biometrics and big data, according to The Insurtech Revolution: Regulatory Updates and Innovative Evolution in the Insurance Sector, a new guide… Read More

Report: Blockchain to Help Consumers Save Billions of Dollars

Blockchain

Capgemini is out with a report on Blockchain that predicts consumers are poised to save “$16 billion dollars” on banking and insurance fees. Their premise is that “smart-contracts” for retail and investment banking, alongside insurance, will eliminate the need for paper-based documentation saving everyone time and… Read More

CEO Matt Miller Comments on Embroker Insurance Platform Launch

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Embroker, a modern business insurance platform designed to improve how companies of all sizes buy and manage insurance coverage, announced the public launch of its technology platform. The system allows businesses to digitize existing policies and data, analyze, compare, buy new coverages, and file and… Read More