Insurance and Technology
Given the rate at which Covid-19 is permeating the country and considering the impact of lockdown on the economy, many people have been hit by the double whammy of disease and dearth of funds. Combine this with the low penetration of health insurance in India and it has created a gap that insurers are rushing…
Insurance firms have come up with a standard health insurance plan — Arogya Sanjeevani — that caters to all quality healthcare needs of an individual and family. For first-time buyers of health insurance, the plan is a boon since the product is the same, regardless of the insurance company offering it. The current health insurance…
Neptune Flood, the first AI driven flood insurance company, has entered into strategic underwriting partnerships, doubling its capacity at Lloyd’s.
The prospects for insurtech this year were bright. In February, financial services-based VC firm Anthemis announced that it was launching a new, $90 million fund focused on “fast-growing insurance technology startups.”
In a first, the Maharashtra government has capped the cost of medical treatment in private hospitals for people who are not covered under insurance.
The Insurance Regulatory and Development Authority of India (IRDAI) has permitted insurers to collect health insurance premium in instalments.
South Asia, one of the world’s most populous regions, is also affected by the COVID-19 pandemic. Both Karachi and Mumbai, among the world’s most densely populated cities, where we live and work, are being overwhelmed by cases. While the death rate in these places may not be as alarming as in Europe and the U.S.,…
Cowbell Cyber, a startup insurtech using artificial intelligence (AI)-powered cyber insurance for small to mid-sized businesses (SMBs), has added social engineering coverage to its Cowbell Prime 100 cyber insurance product.
Lloyd’s has selected 12 insurtech startups to participate in its innovation accelerator, Lloyd’s Lab. The 12 teams were chosen out of more than 190 applications, received from across the world.
After a 39-day lockdown, what will be the shape of things to come? How should one strike a balance between ensuring livelihoods, minimising strife, and maintaining social distancing? In a discussion moderated by G. Ananthakrishnan, Reetika Khera, and Giridhar R. Babu examine the options. Edited excerpts:With less than a fortnight left for the lockdown to…
OneDegree, the Hong Kong-based insurance technology startup, launched its first product today, a line of medical plans for pets called Pawfect Care. The company will introduce other products, including cyber insurance and medical coverage for humans, all available completely online, over the next 12 months. Founded in 2016, OneDegree raised $30 million in Series A…
