Global News

1 USA

APL invests in FINEOS platform to streamline legacy systems

American Public Life Insurance Company will apply FINEOS's new technology to eight lines of business. APL, a leading provider of supplemental worksite benefits, is hoping the move will streamline the customer experience and enhance core services that have previously been reliant on manual legacy systems for its quoting, rating and underwriting processes. 2 AFRICA

Vaai.co launches on-demand cover

The new, disruptive insurtech Vaai.co launched a new, costeffective on-demand range of products that could help provide insurance for an estimated 70% of uninsured drivers in South Africa. Poverty is often a factor in drivers being uninsured, but the on-demand policies allow customers to cover themselves on a much cheaper, pay-asyou-go system.

GERMANY

Berlin-based N26 launches insurance products

N26, the German neobank, has announced it will launch a range of insurance products. The startup, which was founded in 2013, says its first insurance product is a smartphone cover plan for its German customers. But the neobank plans to extend the range as soon as it can, with the products all accessible via N26’s mobile app and website.

SWITZERLAND

Zurich accelerates claims resolution with unique AI solution

Swiss insurer Zurich, in collaboration with Sprout.ai, has announced the development of a new AI solution for streamlining claims settlement. Described as possessing the equivalent of 100 years’ worth of claims handler experience, the AI has a reading speed of 10,000 words per microsecond and an average accuracy rating of 98%.

5 SWEDEN

Safeture partners with Insured Nomads

The IT digital solutions company, Safeture, has partnered with Insured Nomads to create cover for remote workers. Reports suggest this move is just the start of a new wave in ‘new normal’ insurtech services