Life/Health Insurance

Health insurance plays a critical role in safeguarding individuals and families from the financial burdens of medical expenses, offering essential coverage and peace of mind during times of illness or injury. Traditionally, the industry relied on complex and rigid models, often burdened by lengthy paperwork, slow claims processing, and fragmented communication. However, the health insurance market is projected to reach a remarkable $2.38tn in gross written premiums by 2024, according to Statista. This comes amidst a significant shift towards digital platforms and telemedicine services.

Trupanion, Inc., a leading global provider of medical insurance for cats and dogs, has announced the official launch of its high-quality pet insurance product in Germany and Switzerland.

MSIG Asia, a leading general insurance provider, has announced a new regional collaboration with Serenity Health Partners to transform the health insurance landscape.

Thatch, a health benefits startup, has raised $38m in a Series A funding round led by Index Ventures and General Catalyst.

Hakbah, a Saudi-based FinTech platform focusing on digital savings, has announced a new partnership with Tawuniya to revolutionise the savings experience for Saudi citizens.

GoHealth, Inc., a leading health insurance marketplace, has entered into an agreement to acquire e-TeleQuote Insurance, a prominent Medicare insurance provider.

Solace, a digital health platform, has announced that it has raised $14m in its Series A funding round.

BuddyID® has announced a strategic partnership with Pets Best to simplify the process of securing pet insurance. 

In clinical trials, where innovation often hinges on participant involvement, many studies are facing challenges in attracting and retaining enough participants. One key factor behind this difficulty is the trial's communication process. The traditional methods often leave patients frustrated, causing dropout rates to soar. However, a shift is underway, driven by artificial intelligence (AI) and automation, as customer experience automation company Ushur explains.

As H2 of 2024 is now fully upon us, the InsurTech sector is set to face new tests and set its sights on new opportunities. With regulatory tests on the horizon, and a notable shift towards digital solutions looking set to take the sector by storm, H2 looks set to be seismic for the space.