While you were off changing the industry, you may have missed these important developments:

  • Urban Jungle raised £2.5 million (US$3.26 million) in seed funding to target “Generation Rent.” [AM Best]
  • Emerging markets and climate insurance focused insurtech start-up WorldCover has partnered with the world’s largest ILS fund manager Nephila Capital, who will now provide some of the firms reinsurance protection through its Lloyd’s syndicate 2357. [Artemis]
  • SkinVision, a smartphone-based service used for preventative skin health, and PatchAI, a virtual assistant used for collection and predictive analytics of real-world data from clinical trials, were announced as this year’s winners of RGAX’s 2019 Big Ideas Competition program. [Dig-In]
  • 14 ways insurance agencies can beat InsurTechs. [Property Casualty]
  • Fi Life, an insurance firm providing insurance services through its mobile and desktop program, has commenced operations in Malaysia. [Life Insurance International]
  • AkinovA, an electronic marketplace for the transfer and trading of re/insurance risks, has received the first insurance regulatory sandbox license from the Bermuda Monetary Authority. [Intelligent Insurer]
  • Insurtech Australia, the organization that fosters start-ups and innovation in the insurance sector, has appointed 20-year industry veteran Rita Yates as its chief executive. [iT Wire]
  • Investment in the insurtech sector reached record highs in Q1 2019, yet there is lack of obvious value in many of the newest insurtech offerings, according to a recent report. [Finextra]
  • South African AI-driven car insurance provider Naked has introduced a new feature that lets car buyers generate a proof of insurance certificate for their car financing company in a matter of minutes. [Disrupt]