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InsurTech Global

InsurTech Global

InsurTech Global is a platform of software solutions for the global insurance and reinsurance industries. The STOCHAc platform is a complete disruptor in the field of Stochastic Simulation.

FinTech Startups

Vouch Insurtech Pte. Ltd.

Vouch Insurtech Pte. Ltd.

Insbee is P2P insurance platform for the motor industry. The platform improves risk segmentation for insurers and lower distribution cost which helps to drive down insurance premium for responsible drivers in the long run.

FinTech Startups

The Four Ps of InsurTech

The Four Ps of InsurTech

My answer to the question: “Should I invest in this InsurTech?” The insurance sector, which is considered to be fairly traditional and resistant to change, is currently being overtaken by a macro trend of digital transformation. This is causing institutions with hundreds of years of tradition to rethink their insurance business models by identifying modules within their own value chain that need to be transformed or reinvented with the help of technology and data usage. InsurTech represents a macro trend destined to take on an ever-growing relevance in a world which tends toward hyperconnectivity and the infiltration of technology into all aspects of society. The insurance business will become more InsurTech-oriented, and technology will have a decisive role in reaching strategic goals. This applies to insurance companies, reinsurers, intermediaries and newcomers. During 2015, InsurTech startups received around $2.5 billion in funding, according to LTP.

Insights

Insurtech Report

Insurtech Report (Open Access Content)

Proprietary Research

101 InsurTech Startups Revolutionizing the $4.5-Trillion-Dollar Insurance Industry

101 InsurTech Startups Revolutionizing the $4.5-Trillion-Dollar Insurance Industry

The young, but extremely vibrant history of InsurTech proves it to be one of the most electric industries to follow in 2017 and beyond. An ever-expanding list of outstanding InsurTech startups is already shaking up the $4.5-trillion-dollar industry by leveraging technological capabilities. The use of disruptive technologies like big data, Internet of Things (IoT), mobile technology, AI, social network and blockchain are gaining momentum and InsurTech firms are looking for a scope to capitalize it.

Insights

Barriers and Drivers of InsurTech Adoption

Barriers and Drivers of InsurTech Adoption

Even though lending and payments startups have been the hottest over the course of the FinTech revolution in terms of the number of companies that raised funds, we have been predicting that InsurTech is becoming a hot topic and sector for bright entrepreneurs to develop disruptive solutions. Investors also have been paying attention to the sector, as the insurance industry is the biggest industry in the US with net premiums of $1.1 trillion in 2014. There is already a range of InsurTech companies paving their way to a trillion-dollar industry, and HealthTech is an important sector to follow as it may completely change the way we look at health insurance in the near future.

Insights

10 Reasons Why InsurTech Is Going to Be Important

10 Reasons Why InsurTech Is Going to Be Important

Technology spending in the global insurance industry is estimated to be around $189 billion. By 2019, the spending industry is expected to reach $205 billion. The IT spending ratio of insurance companies as a percentage of premiums has not changed to a great extent. Insurance companies currently spend about 3.8% of their direct written premium on information technology. The average spending by insurance companies has comparatively reduced in the last four years. There are around 700–800 InsurTech firms globally which are addressing the requirements of the $4.5-trillion insurance industry but the state of InsurTech is at a stage of infancy. New exciting business models to take over the insurance industry such as microinsurance and pay-as-you-go insurance have emerged. What will truly change the nature of the industry is the shift from complex, long-term insurance products to the fractions of insurance for a particular moment, time and miles count. The new opportunities are tied to mobile devices and time-efficiency. 

Insights

5 Cs of Opportunity in InsurTech

5 Cs of Opportunity in InsurTech

Insurance globally is an industry with scale, with USD 4.1 trillion dollars of premium written in 2015 alone.  It is also an industry on the cusp of change – attracting investor interest in record numbers with investments totaling USD 1.4 billion on InsurTech firms in just the first three-quarters of 2016.

Insights

Can Asia Become the Global InsurTech Hub?

Can Asia Become the Global InsurTech Hub?

In 2015, investors around the world poured $2.6 billion into InsurTech. There are already over 1,300 startups from across the world focusing on the insurance industry – one of the most massive and complex ecosystems with large and powerful corporate players already taking steps towards riding the wave of disruption.

Insights

How AI Can Be Applied to InsurTech

How AI Can Be Applied to InsurTech

AI has recently been one of the most debatable topics as the community of professionals across industries have mixed feelings on the outcomes of AI for humans. Nonetheless, there are very successful AI companies applying the power of machines and there are investors supporting them.

Insights

MetLife Launches “Collab”: The InsurTech Accelerator

MetLife Launches “Collab”: The InsurTech Accelerator

US$100,000 contract for winning startup to implement their solution

Insights

Neosurance Ramps up After the MEDICI Top 21 – Insurtech

Neosurance Ramps up After the MEDICI Top 21 – Insurtech

Starting from today, a low-cost injury coverage with a daily allowance in case of accident plus medical assistance is available via smartphone. This has been made possible by the recent partnership established between an important international insurance group and the Italian startup Neosurance – winner of the Insurance IoT Newcomer Award in London and the MEDICI Top 21 InsurTech Award. More details about the partnership and the price of the insurance policies will be revealed shortly.

Insights

The Future of Insurance Is InsurTech

The Future of Insurance Is InsurTech

The insurance sector has entered a phase of profound transformation. Numerous InsurTech startups have popped up to challenge the traditional model by generating more than 16 billion dollars in the last year from insurance companies.

Insights

Interview With Matteo Carbone, Judge of MEDICI Top 21- Insurtech

Interview With Matteo Carbone, Judge of MEDICI Top 21- Insurtech

LTP recently had the pleasure of interviewing Matteo Carbone, one of the judges of MEDICI Top 21 – InsurTech. Matteo works in Bain Financial Services and has spent most of his time advising many primary players in the Italian market. He is an expert on key issues and emerging trends in insurance and wealth management sector. He has wide experience with major international insurance groups.

Insights

InsurTech Startups Leveraging Technology to Transform the Car Insurance Industry

InsurTech Startups Leveraging Technology to Transform the Car Insurance Industry

Everyone needs insurance, so it shouldn’t be complicated or tricky. That’s why across the globe, entrepreneurs are rising to meet the challenge of making it affordable and simple for all. To alleviate the difficulties and excessive expenses surrounding car insurance, many InsurTech companies offered solutions to lower costs through the use of data collection by telematics or providing comparison services to help clients find the cheapest options available to them. InsurTech startups are revolutionizing the way insurance companies are run by creating a new level of transparency between industry and client.

Insights

The Largest Insurers Are Building Incumbents to Ride the InsurTech Wave

The Largest Insurers Are Building Incumbents to Ride the InsurTech Wave

InsurTech has a relatively young, but quite a colorful history. There are already at least 80 hot InsurTech startups shaking up the trillion-dollar industry. The insurance industry is one of the most massive and complex ecosystems with large and powerful corporate players. In fact, it is the biggest industry in the US with net premiums of $1.1 trillion in 2014. Insurance carriers and related activities contributed $421.4 billion, or 2.5% of the United States’ gross domestic product in 2013.

Insights

5 InsurTech Trends That Will Keep You Ahead of the Curve

5 InsurTech Trends That Will Keep You Ahead of the Curve

The insurance industry is a conservative one. Conservative being code for “outdated” and not serving the agents and brokers at all. Most agencies are built on paper-and-ink processes or siloed computer systems that have trouble keeping up with the way consumers want to do business today.

Insights

InsurTech Product getmeIns™ Expands With Innovation and Intelligence to Fight Fraud

InsurTech Product getmeIns™ Expands With Innovation and Intelligence to Fight Fraud

In the wake of headline-catching hacking cases and reports of millions of dollars lost to fraudsters, businesses and consumers turn to innovative technology to protect their assets. Those who want to stay ahead of the fray are turning to intelligence powerhouse getmeIns™.

Insights

MEDICI top 21 InsurTech

MEDICI top 21 InsurTech

People

13 InsurTech Accelerators & Incubators Supercharging the Evolution of the Insurance Industry

13 InsurTech Accelerators & Incubators Supercharging the Evolution of the Insurance Industry

The young, but extremely vibrant history of InsurTech proves it to be one of the most electric industries to follow in 2017 and beyond. An ever-expanding list of outstanding InsurTech startups is already shaking up the $4.5-trillion-dollar industry by leveraging technological capabilities. The use of disruptive technologies like big data, Internet of Things (IoT), mobile technology, AI, social network, and blockchain are gaining momentum and InsurTech firms are looking for a scope to capitalize it.

Insights

Scouting for the Top 21 InsurTech Startups in the World: The Hunt Starts on MEDICI

Scouting for the Top 21 InsurTech Startups in the World: The Hunt Starts on MEDICI

The disruptive power of technology in the insurance industry A relatively young, but extremely vibrant history of InsurTech proves it to be one of the most electric industries to follow in 2016 and beyond. At least 80 amazing InsurTech startups are already shaking up the $4.5-trillion-dollar industry by leveraging technological capabilities. The use of disruptive technologies like big data, Internet of Things (IoT), mobile technology, AI, social network and blockchain are gaining momentum and InsurTech firms are looking for a scope to capitalize it.

Insights

How One Company Is Empowering Brokers and Insurers in the Face of InsurTech Rivalry

How One Company Is Empowering Brokers and Insurers in the Face of InsurTech Rivalry

The relatively young but quite vibrant history of InsurTech proves that the industry has a lot of potential in causing significant transformation in the insurance business. Since 2013, insurance technology has been actively taking off and creating its own niche in the market. The use of disruptive technologies like big data, Internet of Things (IoT), mobile technology, AI, social network and blockchain are gaining momentum – and InsurTech firms are looking for a scope to capitalize it.

Insights

International InsurTech-Focused Accelerator Programs Aimed to Find the Uber of Insurance

International InsurTech-Focused Accelerator Programs Aimed to Find the Uber of Insurance

InsurTech has a relatively young, but quite a vibrant history. There are already at least 80 hot InsurTech startups shaking up the trillion-dollar industry. It is needless to say that the insurance industry is one of the most massive and complex ecosystems with large and powerful corporate players already taking steps towards riding the wave of disruption. In fact, it is the biggest industry in the US with net premiums of $1.1 trillion in 2014. Insurance carriers and related activities contributed $421.4 billion, or 2.5% of the United States’ gross domestic product in 2013.

Insights

Value chain for Insurtech Segment

Value chain for Insurtech Segment (Value Chain)

The value chain provides a brief overview of multiple startups providing service in various categories within the Insurtech segment. 

Proprietary Research

MEDICI Top 21 – InsurTech: Announcing the 21 Leaders Among the 480 Identified Players

MEDICI Top 21 – InsurTech: Announcing the 21 Leaders Among the 480 Identified Players

Throughout the three years of dedicated ongoing research in the InsurTech space, the LTP team has explored, defined and shaped the global InsurTech startup ecosystem unlike anyone else. Eventually, LTP established the foundation to build MEDICI – the ultimate FinTech platform for collaborative innovation. We have written about and covered a wide spectrum of startups in our articles on LTP, and our global team has extensive experience interacting with startups and exchanging ideas on a daily basis.

Insights

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