• Augmented, the new AI?

    Posted in InsurTech blog, MicroInsurance blog, Sharing economy on Jun 16, 2019


    Is Artificial Intelligence (AI) taking over everything? Do we have to fear or welcome this new AI tech? Is the reality that AI Augmentation more deliverable and welcoming?

  • Lessons from Amazon

    Posted in InsurTech blog, MicroInsurance blog on Jun 15, 2019


    In the USA and China an increasing number of tech companies are bringing more in house. Is this the lesson for Insurance? In-source not Outsource? Is this a path for a digital insurer.

  • Hurricane Season & Global Warming

    Posted in MicroInsurance blog on Jun 07, 2019


    June is the start of the hurricane season, the world is warming up and yet it is predicted as a 'normal' season. Also what are these stripes all about....?

  • Community Insurance

    Posted in Global Network Blog, MicroInsurance blog, Sharing economy on May 29, 2019


    The first methods of providing a form of insurance can be found in Chinese and Babylonian history from the 3rd and 2nd millennia BC. Chinese merchants traveling treacherous river rapids would redistribute their wares across many vessels to limit the loss due to any single vessel's capsizing. The Babylonians developed a system where a merchant received a loan to fund his shipment, he would pay the lender an additional sum in exchange for the lender's guarantee to cancel the loan should the shipment be stolen or lost at sea. These were systems built around communities sharing in hazardous activities. The idea of insurance and community support seems to be lost to the current insurance industry.......

  • Just in time?

    Posted in InsurTech blog, MicroInsurance blog on Apr 09, 2019


    When the produce being transported is fruit and vegetables, any disruption in the supply chain can lead to substantial losses because they are perishable goods. In these situations how can businesses know what decisions to make and how to deal with these issues? Real time tracking of supply chain is an answer.

  • Blockchain or Hashgraph?

    Posted in InsurTech blog, MicroInsurance blog on Mar 29, 2019


    Distributed ledger space is a huge talking point for insurance – smart contracts, security, cost reduction, trust – it all points to a move on to this tech. BUT blockchains come with limitations by design . In today's world SPEED is king and the slowness of blockchain is huge barrier. Even in the slow paced world of insurance its too slow really - how many applications are there that run on a database that can just do 5 transactions per second? None, I think. Hence blockchains have been all talk, to-date. Is there an alternative? Swirlds anyone?

  • Insurance innovation

    Posted in InsurTech blog, MicroInsurance blog on Mar 22, 2019


    Why should the insurance industry care about innovation? Their products are about claims, how can you stop those with innovation? they are part of the product, right? Well no, typically the insurance industry, as all businesses, cares about all its costs, the complete business model. Claims are part of these costs - in some cases the smaller part of the complete costs! Innovation should be focused on all areas of their business model.

  • Hurricane Insurance

    Posted in Blog, MicroInsurance blog on Feb 12, 2019


    The Atlantic coast hurricane season lasts from June through November, with the likelihood of storms peaking from August to October. The East Coast and Gulf Coast are most at risk, though damage from wind and rain can extend well inland. Make sure you read your insurance policy carefully to learn what it does and does not cover, and contact your local agent with questions or to discuss your insurance needs. This is really important.

  • Insurance, Blockchain & Oracles

    Posted in InsurTech blog, MicroInsurance blog on Feb 11, 2019


    Here at Microinsurance we continue to explore blockchain, the world of “a smart contracts”. It is our current belief that ‘smart contracts’ will be the core insurance uses-case for blockchain. The use of these contracts are now linked to the rise of blockchain and a change in technology and process that is still very young.

  • Micro Insurance by STP

    Posted in MicroInsurance blog, Sharing economy on Feb 06, 2019


    We prefer a wider more inclusive definition of Micro Insurance, one that allows products to be developed, sold globally, works in the new sharing economy and includes solutions for many of the issues surrounding selling, distributing and managing micro insurance policies and schemes. Products that cover all populations based on their specific needs.