Life insurance

Today, when life insurtechs start fundraising, VCs ask them about their loss ratios—an impact of the insurtech 1.0 market crashes. But this question signals that venture capitalists still have a nascent understanding of the overall insurtech ecosystem and the various business models within.

Hi.Q Inc. filed for Chapter 7 liquidation listing estimated assets of no more than $10 million and estimated liabilities of at least $100 million, according to a bankruptcy petition filed Wednesday in Delaware.

Bitcoin-denominated life insurer argues against perceptions of volatility, saying it aims to serve only previous crypto investors who are beginning to think about long-term coverage and investment.

He shares how new technologies like machine learning and AI are shaking up the industry and the role of insurance agents.

In other news: Nationwide launches digital platform Pet HealthZone and Bain Capital Insurance closes its 1.15B inaugural private equity fund.

Life insurers are among Japan's biggest institutional investors, with a combined portfolio of about 380 trillion yen ($2.7 trillion), according to the association.

In other news: Embroker names new CEO and Swiss Re announced global head of property and casualty solutions.

Both transactions are at an early stage and may not lead to a sale, said the people, who asked for anonymity to discuss the private information.

The chief information and operations officer said the company is working to give customers "seamless pickups" from voice to app to website.

Mike Sha, CEO of SigFig writes that agents will need to go beyond insurance to offer more advice on every phase of the financial journey.

Bestow, Thrivent and Pacific Life all made the list of most-liked carriers in this sector.

There were more than 30 funding events in the insurtech sector between June 1 and June 30, 2023, according to a review by Digital Insurance.

Baldwin Risk Partners has launched "Centers of Excellence"

Sessions held throughout Dig-In 2023 with panelists from insurers such as New York Life, Arch Insurance and CSAA Insurance Group discussed the importance of technology in insurance and how to use data effectively.

The top five insurance companies had an average market share of 6.08% as of Q1 2023.

New loan acquisitions fell to their lowest level since 2020, but companies also grew shares of residential securities noticeably over the past three years, S&P Global Market Intelligence said.

Alison Borenstein, director of data science, Assurance IQ, shares three valuable lessons after years of building machine learning technology for agents.

There are other less obvious ways underwriters can use the technology, but one area is field underwriting.

Customers of the John Hancock Vitality program who own the Oura Ring will receive personalized health data and rewards for healthy habits.

Former RGA and startup executive joined Legal & General America in 2021.