In recent years, InsurTech has acted as an increasingly disruptive influence in the insurance sector, using technology and innovation to improve the efficiency of existing transactions and processes and to enhance customer experience.
Tractable, an insurtech start-up that specialises in computer vision, has completed an $8m Series A funding round, led by Ignition Partners, Zetta Venture Partners, and a host of insurance industry leaders.
Singapore Life announced that it has been approved as a fully licensed direct life insurer by the Monetary Authority of Singapore, making it the first local insurer to be licensed in almost fifty years.
Disruptive technology applied to the insurance industry is finding its way into the mainstream of a previously traditional business.
Thanks to Sure, an on-demand personal insurance app, consumers can buy insurance for their smartphones … on their smartphones. The insurtech startup based in New York and Los Angeles has raised $8 million and introduced its latest product: Smartphone Protection.
The Financial Conduct Authority (FCA) has unveiled the list of firms that were successful in their applications for the second cohort of its regulatory sandbox. Five of the 24 firms that are ready to begin testing shortly are doing projects focused on the insurance sector.