Weekly News Highlights – 1 April 2021
Stay up to date with the latest news from fintech! This week, we bring you updates and developments on SEC’s fresh inquiries on SPACs, mergers and acquisitions of insurtech companies, partnerships and supports, Visa’s acceptance of crypto purchases, new legislative proposition for Open Banking, potential losses for banking, and the opportunity that arise with […]
Insurers, Fintech, TechFin …
by Zao Wu, Analyst at Celent Alliances the name of the game Ten days. That’s how long it took for Ant Financial to get over 10 million customers for its P2P insurance product, covering critical illnesses, last October. The numbers far surpassed their own, otherwise lofty goals of reaching 3.3 million customers in three months. Not to […]
McKinsey: insurance beyond digital
The consulting giant has turned its hand to the insurance sector to assess the current and potential impact of fintech disruption in their report: “Insurance beyond digital: The rise of ecosystems and platforms“. It highlights the lessons that can be learnt from comparative sectors on revamping their business models and tracks the potential journey from […]
Research At A Glance: Week 49
Diversity & Inclusion in Tech: A Practical Guide for Entrepreneurs by Atomico This report serves as a pragmatic and actionable guide for the tech, promoting diversity and inclusion. In five parts, it describes the process of changing behaviours and attitudes towards diversity and inclusion, prompting the type of questions companies should be asking to respond to […]
‘Smart Money’ proof of concept trial completed by Australian governmental agency
Australia’s largest bank, Commonwealth Bank of Australia (CBA), and the Commonwealth Scientific and Industrial Research Organisation (CSIRO) have released the findings of their blockchain trial in the ‘Making Money Smart’ report. The prototype blockchain app was trialled on 10 participants and carers across the National Disability Insurance Scheme (NDIS), which highlighted potential use cases for expansion. […]
Overview of smart contract developments in insurance provision
The use of smart contracts has the potential to significantly reduce the waiting time, associated costs and element of human error in the processing of insurance claims. The theory being that self-executing contracts can handle and process real-time information and automate payouts far more efficiently. So where and how are smart contracts being utilised? When […]
Week 19: Research At A Glance
A focused guide on B2B fintech, how the Internet of Things can play a key role in insurance, and a concise introduction to cryptocurrencies all feature in this week’s research haul along with an insight into the US state of Georgia’s lucrative fintech environment. Payments B2B Fintech: Payments, supply chain finance & e-invoicing guide 2018 […]
Open Insurance’: a new mindset for the Insurance sector
By Maarten Bakker, Sector Lead Insurance at Innopay The Insurance sector evolves at a more leisurely pace than many industries, but according to Maarten Bakker, organisations which are slow to develop open strategies will soon find themselves marginalised. We are experiencing exponential growth in the amount of digital transactions and customer data, and this is fundamentally changing […]
The wolf at the door: Accenture on insurance
What threats will the Dutch insurance market face in coming years? We spoke with Rutger Hagendoorn and Jurgen Wildvank from Accenture about the domestic insurance market, threats from abroad, and the need for multi-skilled talent. The Dutch insurance is fairly well-advanced in digital transformation compared with other countries, and the market is relatively stable. While […]
ADS & VIVAT announce a joint ‘Insurance Lab’
Amsterdam Data Science (ADS) opens its 7th joint lab, this time with insurer VIVAT. The lab’s goal is to conduct research for the insurance sector on the application of advanced techniques in fields such as: AI, computer science and mathematics. The focus of the joint ADS & VIVAT lab will be on learning algorithms, fraud […]