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.
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
Announcing NAILBA ID Twenty Awards
Nominations Due By October 4, 2019
NAILBA Announces New Awards for Independent Distribution Seeking Nominations for 20 industry innovators and trailblazers! Honoring Independent Distribution’s most courageous innovators and visionaries, NAILBA is seeking nominations from the industry for twenty insurance professionals who have made important contributions to the insurance profession. Anyone from the industry is eligible, from business leaders to techies, to marketeers and operations gurus within BGAs, Carriers, and vendor companies that support independent distribution. Winners will be honored at NAILBA38 Annual Conference in Dallas. NOMINATION FORM ONLINE AT NAILBA
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.
INSURETECH CONNECT 2019
Register Today for a Discounted Rate at the World’s Largest Insurtech Event!
InsureTech Connect 2019
MGM Grand, Las Vegas
Top Life Insurance Speakers with over 7,000 attendees and600+ CEOs across the insurance industry. At ITC2019, you have unparalleled access to the top innovators of insurtech.
Get a discounted rate from the InsurTech Express partner registration link: REGISTER HERE