ITDS Business Consultants

Distracted driving and major speeding violations are on the rise, and technology will play a key role in helping to keep drivers safe and shaping the auto insurance customer experience, according to a new report from LexisNexis Risk Solutions: bit.ly/2YioIR6

MassMutual-owned Haven Life is announcing the launch of Haven Secure, a new term life insurance product that can be purchased entirely online. Coverage mirrors insureds' monthly income or can match a large recurring expense (like a mortgage). Read more: bit.ly/2Q8UMCv

Washington, DC-based Till announced an $8 million Seed funding round. Founded in 2017, the startup is a team of 27 people and its flagship product is a Flexible Rent platform that allows renters to create a customized payment schedule. Read more: bit.ly/2Ye1ZWo

loyd’s Lab innovation accelerator programme has selected insurtech startup Thimble to develop pandemic business interruption insurance for small medium-sized businesses (SMBs). Read more: bit.ly/2FG3FBI

Prudential Life Assurance and The 1 partnered to create the country’s first lifestyle and health collaboration. The 1 is a loyalty platform based in Thailand, with over 17 million members. Want to know more? Read it here: bit.ly/2YfIQDm

Chubb announced the launch of Recover & Return Insurance, an insurance plan for businesses in Singapore. Businesses need to consider establishing risk mitigation plans to protect workforces when employees return to traditional workplaces. Read more at: bit.ly/31QdDI3

Cyberport houses over 30 InsurTech start-ups with great potential to create business value through digital transformation. It's the largest FinTech community in Hong Kong, boosting almost 400 FinTech companies that offer financial software and technology: bit.ly/2PRTc82

Uber upgrades insurance for drivers in the Netherlands by partnering with INSHUR. The aim is to meet the demands from drivers who want more choice of insurance products. Drivers will also get the chance to enroll in free training courses from LOI: bit.ly/3iu6fZE

Generali and Bupa partner to enhance essential employee wellbeing programmes. The initiative aims to provide employers access to the back-to-work support they need, with a specific focus on individual COVID-19 risk factors. Read more at: bit.ly/2DK5A74

Swiss Re and OneConnect join forces for an AI-based motor claims handling solution. The companies will roll out the Smart Claims Solution, combining OneConnect’s AI-technology and Swiss Re’s risk expertise and market know-how: bit.ly/2F2HQMn

Honcho is set to disrupt the way that employers offer employee benefits. The partnership with Personal Group’s Hapi will provide Hapi’s 475,000 users with access to Honcho’s motor insurance, enabling users to choose insurance providers in an easy way: bit.ly/2XB9mH4

The payments industry is rapidly innovating. So does Finland's largest FinTech start up, Enfuce. This disruptor in the payments industry has been accredited by the Finnish Financial Supervisory Authority as an authorised payment institution. A big step! enfuce.com

Amazon Pay, the payment arm of e-commerce giant Amazon, partnered with Acko General Insurance to launch a car and bike insurance. The insurance claims will involve zero paperwork, one-hour pick-up, three-day assured claim servicing, reported Livemint: bit.ly/309BbYS

Lemonade today launched pet insurance, marking its entry into a new vertical of insurance for the first time since it launched its renters/home owners insurance in 2016! Read more at: tcrn.ch/3faNOqL

TowerHouse launched a integrated home management platform, HomeEgg. The only free, all-in-one solution that helps homeowners effectively manage their home. For the first time, they can gain comprehensive financial visibility and control over their home: bit.ly/2ASqBLS

Atlanta-based FraudScope announced it has completed a $7M round of Series A financing. FraudScope is an AI-based platform that helps identify fraud, waste, and abuse in healthcare. The platform utilizes AI to conduct full investigations of suspect claims: bit.ly/2OjG7n9

Doctor On Demand, “the nation’s leading virtual care provider,” has secured $75 million in Series D financing led by General Atlantic, with participation from existing investors. This latest round brings the company’s total funding to ~$235 million! bit.ly/2Ce2p73

Riders Share, an award-winning startup and the largest peer-to-peer motorcycle sharing platform in the world, announced it has raised $2M. The capital will be used for the acceleration of product development and to scale up customer service/marketing: bwnews.pr/3gHqYYZ

ROCK Insurance announces new Covid-19 protection products for the travel industry; a business policy, as well as travel insurance that includes pre-departure cancellation if travellers test positive for Covid-19 and cannot travel. Read more: bit.ly/2ZeIaPQ

Rental e-scooters will become legal as part of a trial in the UK, in a bid to ease pressure on public transportation amid the coronavirus crisis. This means users are obligated to have insurance and a driving license. New opportunities for insurers! bit.ly/2BKd8q9