Tagged: insurance

January 5, 2017 @ 9:36 am By JD Alois  |  

Disruptive insurance platform Lemonade is pointing to its ability to pay customer claims really fast. How fast – you ask? Lemonade has staked a claim on a “new world record” as its artificial intelligence allowed the Insurtech firm the ability to pay a claim in… Read More

January 3, 2017 @ 7:46 am By Jessica Pham  |  

The World Bank established the Financial Sector Development Project to support Myanmar’s SMEs — the latest sign of progress in the country’s economy.  The five-year project includes $100 million in credit, which will be used to allow SMEs increased access to financial services.  The project will… Read More

December 22, 2016 @ 9:00 am By JD Alois  |  

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

November 23, 2016 @ 4:12 pm By JD Alois  |  

Coverage in minutes. No trip to the doctor necessary. Incredible pricing. This is what most people want to hear when they are considering purchasing life insurance. Online lender SoFi is doing just this but they are targeting the healthiest demographic among us – the Millennials…. Read More

October 20, 2016 @ 4:26 am By Erin Hobey  |  

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

October 7, 2016 @ 1:04 pm By JD Alois  |  

The company that wants to fix everything that is wrong about  traditional insurance, Lemonade, has only recently launched. The Fintech / Insurtech platform, which has been anticipated for many months now, finally announced its availability in the state of New York at the end of… Read More

September 21, 2016 @ 7:00 am By JD Alois  |  

The much anticipated Fintech firm Lemonade has officially launched in the state of New York. Lemonade has positioned its platform in a David vs. Goliath battle to challenge antediluvian insurance incumbents by providing a far better service at a superior price. Lemonade has been licensed… Read More

September 13, 2016 @ 11:20 pm By WeiyangX  |  

Qudian.com announced to exit from campus installment market in which it used to be the leader, and turned their focus on consumer finance. Qudian.com (previously named Qufenqi.com) announced this week that they would exit from the campus installment loan market, and made consumer finance for… Read More

July 16, 2016 @ 1:43 pm By JD Alois  |  

Timothy Li of Kuber Financial and Tang Loaec of P2PConnect have joined together to create a new “P2P insurance JV” designed to bring “risk sharing” to American users. This is according to information provided by Li stating the pair decided to form a joint venture to… Read More

June 7, 2016 @ 3:00 pm By JD Alois  |  

Eureeca is the very first investment crowdfunding platform to set up shop in the Middle East. The home office in Dubai has been complimented with offices in both London and Kuala Lumpur.  Eureeca is a truly global platform seeking to help smaller companies raise capital in… Read More

May 24, 2016 @ 9:46 am By Samantha Hurst  |  

Global insurance provider, American International Group, Inc. (NYSE: AIG), has announced the launch of a new insurance vehicle, Crowdfunding Fidelity, which was developed specifically to protect investors on equity crowdfunding platforms against issuer fraud. The launch of AIG’s new insurance comes just a little over a week after Title III… Read More

May 17, 2016 @ 2:18 pm By JD Alois  |  

The company that wants to upend the insurance industry, Lemonade, has announced its Board of Directors and shareholders has approved a decision to become a Certified B-Corporation. These for-profit companies are certified by the non-profit B Lab and must meet high standards of social and… Read More

March 1, 2016 @ 8:03 am By JD Alois  |  

In July 2014, the Financial Conduct Authority published the results of the general insurance add-ons market study which showed that competition was not working well for many consumers. In June 2015, the regulator proposed a number of options for publishing product information, including: claims ratio… Read More

February 24, 2016 @ 12:09 pm By JD Alois  |  

Lemonade has hired Professor Dan Ariely as Chief Behavioral Officer.  Ariely is a heavy-hitter when it comes to Behavioral Economics.  His bio lists his current status as a professor of Psychology and Behavioral Economics at Duke University. But a recent Tweet by Dan is telling… Read More

February 9, 2016 @ 2:40 pm By JD Alois  |  

Lemonade, a peer to peer insurance platform that seeks to address the profound shortcomings of the multi-trillion dollar insurance industry now has some prominent names backing the young company.  Announced today, Lemonade has now received the support of “top tier” global reinsurance partners including Berkshire… Read More

January 14, 2016 @ 9:00 am By Erin Hobey  |  

Revolution Ventures led a $15 million Series B funding round for PolicyGenius today;  funding will be utilized by PolicyGenius to reshape the direct-to-consumer insurance industry. Launched in July 2014, PolicyGenius facilitates the insurance discovery and purchase process for life, long-term disability, renters, and pet insurance. The company… Read More

December 22, 2015 @ 9:22 am By Erin Hobey  |  

15.5% of digitally active consumers currently use financial technology products Payment services are the most popular product offering Users are younger, wealthier and increasingly urban With 29.1%, Hong Kong has the highest rate of FinTech use of all surveyed markets  “Higher-income individuals are some of the… Read More

November 24, 2015 @ 7:23 am By JD Alois  |  

The Financial Conduct Authority has launched another “call for inputs” as it digs into the retail insurance industry and the use of data to drive decisions. Interested participants have until January 8th to submit comments with a feedback statement expected in mid-2016.  The FCA notes… Read More

November 3, 2015 @ 10:57 am By JD Alois  |  

ArchOver, a peer to peer lending platform, has enlisted Coface, a leader in credit insurance, to protect lenders from potential default on business loans. The new partnership is said to provide future protection of up to £100 million. The new arrangement will enable ArchOver to… Read More

October 13, 2015 @ 5:12 pm By Therese Torris  |  

Particeep a provider of white label solutions for crowdfunding platforms had joined forces with insurance group Axa to offer a plug-and-play insurance service to cover investors’ and lenders’ risk. French consumers are notably risk-averse. They save a lot and like to invest their savings in… Read More