InsurTech Outlook: Moving from Infrastructure Investment to Value
Insurers have frequently taken a piecemeal approach to technology modernization, transforming system by system, function by function, and app by app
InsurTech
17 posts
InsurTech refers to technological innovations that are created and implemented to improve the efficiency of the insurance industry. InsurTech powers the creation, distribution, and administration of the insurance business. Insurtech is a combination of the words “insurance” and “technology,” inspired by the term fintech.
Insurtechs target primarily pure risk insurance, where they have developed access points to the value chain based on innovation. Technologies such as telematics and the Internet of Things have enabled new product development in motor, home, and health that drive customer engagement and retention.
Examples of Insurtech Solving Traditional Insurance Challenges: Claims management, Underwriting automation, Smart contracts, Fraud & risk prevention, Customer identification verification.
Insurtech is the term given to companies and products that are using technology to innovate within the insurance industry. It comes from joining ‘insurance’ and ‘technology’, much like the word ‘fintech’. In fact, some people would describe insurtech as a subset of fintech.
InsurTech Valuations Becomes Realistic, Startups Looking for M&A Opportunities
Insurtech companies have been among the biggest victims of the public market sell-off, especially those that went public in 2021
10 Biggest InsurTech Funding Rounds in 9M 2022
Big funding rounds in InsurTech Sector seemed to slow down, as only one U.S.-based startup saw a round of more than a $250 mn
How Blockchain and Smart Contracts Transforms Insurance and InsurTech?
Smart contracts for digital insurers are getting a lot of attention these days. They offer a faster, safer, and less expensive way to provide cover
6 Steps How to Create Value in Insurance and Build a Long-Term Success?
Early adopters of ecosystems in insurance demonstrate how to create near-term value and build a foundation for long-term success
How Can Insurers Create Powerful Customer Experiences?
Insurance customers, agents, and brokers have come to expect a certain type of experience based on daily interactions with modern technology platforms
Insurance Brokers & InsurTechs Must Stop Expecting Customers to Сheck for Inefficiencies
Insurance Brokers need to stop expecting customers to pick up the cheque for their inefficiencies” is a statement I’ve found myself making more and more in recent months
InsurTech Market Will Reach of $165 bn in 2032. The Key Growth Drivers
Insurtech market is forecasted to reach a net worth of US$ 165.4 Bn in 2032 from a mere market value of US$ 12.5 Bn in 2021
How InsurTech Can Help Insurers Optimize Pet Insurance Industry?
A recent survey pet insurance buyers in the UK about their feelings on pet insurance pricing, availability, products and service offering
InsurTech Sector Overview 2022: Global Investment Recovers
Investment in the insurtech space in the second-quarter of 2022 increased by 8.3% from the opening quarter of the year to $2.41 billion
How InsurTechs & Tech-Driven Innovation Changing the Insurance Industry?
Tech-driven innovation is reshaping the insurance industry: telematics, artificial intelligence, machine learning transformed insurance area
How will Technology Impact Insurance? 16 New Technology Trend Evolution
The wellbeing trends primarily address insurers that offer health and life insurance products. It is key for them to understand that, with new technologies in digital
InsurTech Market Outlook: $165 bn by 2032, CAGR of 26%
The insurtech market is forecasted to reach a net worth of US$ 165 Bn in 2032 from a mere market value of US$ 12.5 Bn in 2021
100 InsurTech Startups List that Transforming the Global Insurance Industry
The new InsurTech100 list recognizes the world’s innovative technology providers that address the digital transformation in insurance
InsurTech`s evolution and investment landscape. Categories startups & VCs
InsurTech Startups are developing new approaches to traditional activities, such as underwriting and claims management. Categories startups
Investment in InsurTech. TOP 10 Startups by the most venture capital
Insurtechs are the driving force of this evolution. Venture capital investment has grown faster than the more mature private-equity or funding
InsurTechs Need to Keep Pace with the Demand Through Sustainable Unit Economics
Insurtech companies need to keep pace with the demand they have created through sustainable unit economics and wise risk management.
