This week we have details on the InsTech live events and our next report release. Catch up on news from Zesty.ai, Slipcase and Hannover Re.
Jonathan Gonzalez, Co-founder and CEO of Raincoat, joined Matthew on the InsTech podcast to talk about how Hurricane Maria inspired him to launch the company, how to successfully collaborate with insurers, the indices used to measure perils, and how various data sources are handled.
Customers want a faster, more convenient way to have their claims paid. Our next report reviews how insurers are carrying out remote claims and the opportunities emerging from these new technologies. We have identified 40 companies that are offering solutions. All InsTech reports will continue to be free to InsTech members for 2022. We are offering an early bird discount price to non-members who register their interest before 14 April.
It’s back to our roots for this event. Matthew, Robin and the InsTech team will introduce some new finds and catch up with some old friends including Open, bolttech, Insurwave, INSTANDA, Kita, Claims Carbon, Upsurance, DA-X and Kayna. Free to members.
The platform, hr | equarium, was launched in 2019 and is used by more than 700 clients from over 100 countries. It is now openly accessible supporting Hannover Re’s role as a promoter of innovation and partnerships between insurers and insurtechs.
Zesty.ai has secured $10 million in venture debt from the US-based fintech company, Brex. This will help Zesty.ai expand its offering into real estate. This comes a week after Founder and CEO Attila Toth spoke to the California Senate explaining that the tools used by the insurance industry to understand recent weather phenomeno are outdated and put homes in California at risk of becoming uninsurable. Toth urges the senate to support insurers that target risk reduction efforts in high-risk regions by using new technologies and incorporating the extra information it provides into their underwriting and rating plans.
CAPE Analytics’ property intelligence will be integrated with Cypress’s property and casualty insurance to enable it to streamline the underwriting and renewal process, support new business quoting, and mitigate various risks. More information about what CAPE Analytics do and how is below.
Slipcase users can now get a personalised dashboard, upgraded company pages, and dedicated sections for major events. You can read more about Slipcase from its Founder and CEO, Alex Hearn, on Episode 179 of the InsTech Podcast and look out for a digital event with Alex coming soon.
Verisk used its earthquake model for Japan which incorporates Japan’s Headquarters for Earthquake Research Promotion’s (HERP’s) view of seismic hazards and Verisk’s own insights. The M7.3 earthquake is expected to cost insurers between $2 billion and $4 billion. Of that, between $400 million and $820 million can be attributed to commercial and industrial properties.
This partnership will see ICE’s policy and claims insurance software combined with RighIndem’s reporting platform. This will enable a more efficient claims process by reducing lifecycles and spending, as well as improving customer experience with the aim to retain loyal customers.