The insurance industry has experienced a technology revolution over the past decade. Emerging capabilities such as telematics, artificial intelligence, big data, aerial imaging, and claims automation have become more prevalent as insurers have doubled down on using technology for optimization of both cost and processes.
Despite the market uncertainty created by COVID-19, insurtech startups have continued to focus on helping move the insurance industry forward. Various trends have been shaping the industry, such as mortality awareness, customers demand for digital services, new insurance categories, shifting of workforce paradigms and many others.
Global InsurTech funding reaches an emphatic record; the first half of 2021 already exceeds the full year of 2020 funding, with InsurTechs raising $7.4 billion.
Geographic diversity among global InsurTechs continues to grow, with InsurTechs from 35 distinct countries securing investments, compared with 26 countries in Q1 2021.
A 7% increase from the prior quarter, InsurTechs driving efficiency in insurance distribution continues to be a major priority for investors. This quarter, 55% of deals involved start-ups focused on distribution (i.e., digital brokers, MGAs and lead generation). In addition, 10 of the 15 InsurTechs that raised mega-rounds recently focused on improving insurance distribution, with varying approaches.
These are only several indicators to the transition the market is taking in adopting technology for insurance purposes. From digital onboarding, AI based claims, data extrapolation and legacy systems. The insurance landscape is gaining traction where it comes to the opportunities for better, accurate, tailored insurance.
1 day course.
An Introduction to InsurTech Sector
Redefining the Insurance Industry
Insurance for Non Insurers
Covid-19 Impact
Case Studies
The Future of InsurTech
This is an essential course for all individuals responsible for innovation and insurance value proposition, or those interested to stay current and improve their understanding of the opportunities and trends in the insurance industry.
Insurance value proposition can be bundled to many other customer facing engagements, and shouldn’t be focused only for the traditional insurance industry. If your firm has a strong client base, this course will unveil the opportunities for insurance engagement with them. Creation of novel value proposition and revenue steam, while increasing loyalty and innovative positioning.
prohaszka.aron@bib-edu.hu
prohaszka.aron@bib-edu.hu
Semmi baj, gondolkozz rajta, de jelezd nekünk az alábbi gombon, hogy érdeklődsz és mi szólunk az indulás előtt hátha meggondoltad magad.
Semmi baj, gondolkozz rajta, de jelezd nekünk az alábbi gombon, hogy érdeklődsz és mi szólunk az indulás előtt hátha meggondoltad magad.
Semmi baj, gondolkozz rajta, de jelezd nekünk az alábbi gombon, hogy érdeklődsz és mi szólunk az indulás előtt hátha meggondoltad magad.