What is Insurtech?
Insurtech refers to the use of technology innovations designed to squeeze out savings and efficiency from the current insurance industry model. Insurtech is a combination of words “insurance” and “technology,” inspired by the term fintech.
Source is Investopedia.com.
InsurTech Express focuses on insurance technology for Life Insurance, Annuities, and related lines of business such as Long Term Care Insurance. The objective is to be a technology and process improvement resource for the industry to benefit carriers, distributors, and solution providers.
NAILBA 38 Annual Meeting Coming Soon
November 7-9, 2019
The NAILBA Annual Meeting is the largest gathering of independent life brokerage agencies. From member agency principals and staff, to insurance and financial carrier executives, and senior leadership teams from more than 100+ sponsors and exhibitors who provide BGA technologies and services, NAILBA’s Annual Meeting is where the brokerage industry meets. It is where relationships are built. It is where business gets done!
This year’s Keynote Speakers include Jim Kelly, Legendary NFL Quarterback and Cancer Survivor; General John F. Kelly, USMC Retired, Former White House Chief of Staff and Secretary of Homeland Security; and Kevin Pollack, Award Winning Actor, Impressionist & Comedian.
No-Code Application Startup Unqork Raises $80 Million Dollars
Unqork, a no-code application platform that helps enterprises build software faster and with lower costs than traditional approaches, has secured $80 Million in Series B financing to expand its operations into additional markets, verticals, and growing its engineering team. The growth equity investment round was led by CapitalG of Google parent company Alphabet. As part of the new investment, Unqork will be expanding operations into additional markets, verticals, and growing its engineering team.
Founded in 2017 Gary Hoberman, the New York City-based Unqork is a cloud-based no-code enterprise application development platform that combines the simplicity of a no-code interface with the functionality and power of enterprise-grade software. Unqork’s clients include John Hancock, Goldman Sachs, Careerwise, and Liberty Mutual and many others.
Prudential to buy Seattle-area insurance tech startup Assurance for $2.35B
Prudential Financial agreed to acquire Seattle-area startup Assurance IQ for $2.35 billion, the companies announced Thursday, September 5th. The acquisition will fold a tech-focused insurance seller into the financial services giant, allowing Prudential to reach more customers online.
Based in Bellevue, Wash., Assurance sells a variety of insurance policies over the internet. Beyond the upfront $2.35 billion, Prudential agreed to pay an additional $1.15 billion in cash and equity if Assurance meets certain growth objectives. READ MORE AT GEEKWIRE
InsurTech Express is now a Member of the LexisNexis Insurance Alliance Program
We are happy to announce that InsurTech Express is now a member of the LexisNexis® Insurance Alliance Program for Industry Organizations. Working together, LexisNexis Risk Solutions and InsurTech Express will bring valuable thought leadership and industry best practice to the Life market, driving innovation and cost efficiencies.