Axa has launched AXA Health Solutions, a one-stop service for Italian patients to access quality health services, which is available for an annual subscription fee. It includes features such as 24/7 medical video-consultation, remote prescription orders, and home delivery of medicines.
European insurer Allianz SE is increasing the size of its tech investment fund to 1 billion euros, making it one of the largest corporate-backed venture funds in Europe. The new funds will target startups where Allianz sees some future cross-selling or use case.
DBS Hong Kong is offering customers in Hong Kong a cyber insurance product, CyberOne, underwritten by Chubb Insurance. The product provides comprehensive coverage for cyber risks, including online privacy invasion, identity theft, and access to specialists via a 24-hour hotline.
QBE is providing compulsory third party (CTP) cover for the first open-traffic driverless vehicle trial in Australia. QBE says the trial will provide insights on the rapidly evolving technology, which will require the industry to reconsider the way insurance is provided.
According to AXA Global Parametric, speed in claims processing is one of the main benefits of parametric insurance compared to traditional forms of insurance. Another major benefit is that it can fill in current insurance market gaps.
SCOR Global Life has teamed up with wearable technology company Garmin Health to improve its underwriting. Garmin Health will support SCOR Global Life’s Biological Age Model (BAM) to integrate more bio-metric data into its algorithm and offer underwriting insights.
UnitedHealthcare announced it will increase the amount of data collected from digital devices as a tool for managing chronic illnesses. The data is used to generate holistic health profiles, which is then used to recommend personalized support for the participating patients.
Starr Insurance has launched a Facebook Messenger-based chatbot in Hong Kong to sell single trip and annual travel insurance. The AI-enabled chatbot asks a series of questions to customize a travel insurance plan which the customer pays for with a credit card, all without leaving the chat.
According to a study by Forrester, 73% of insurers believe they are going through a period of digital transformation. The findings suggest that insurers are aiming to mirror disruptors’ “customer obsession” as people change the way they shop, travel, and manage their finances.
The Government of UK has selected InsurTech Floow to guide on its new UPLIFT project. Through this collaboration, the government wants to understand risk and the role of telematics in making insurance simple and transparent for motorists.
Ping An Insurance (Group) Co., China’s largest insurer by market value, is gearing up for an initial public offering of its OneConnect unit that could value the financial management portal at about $8 billion.
Zurich Insurance Group has acquired InsurTech firm Sea Pine Technologies which has built digital applications for marketing vehicle protection products. Through the acquisition, Zurich aims to expand its offerings in the automotive industry and accelerate its delivery of innovative solutions.