Insurtech

A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.

Application of the InsurTech in the Insurance Industry

Application of the InsurTech in the Insurance Industry

It is significant to underline that the insurance space is too big to permit developing a model capable of fitting each of the organizations considered. To be specific, the value proposition, the market, and the structure of revenues and costs remain intrinsic aspects of every organization. Insurance and insurtech firms obtain several points in common….

The global InsurTech market to be worth $10.14bn by 2025

The global InsurTech market to be worth $10.14bn by 2025

The ‘Research And Markets’ report suggested that the growth can be attributed to the fact that the insurance industry, which had global premiums exceeding $4.9tn in 2017, has begun to modernize. “Although late, the industry now appears to be at a key inflection point with many experts viewing the digitization of insurance as the next…

France-based health InsurTech Alan closes €50m Series C

France-based health InsurTech Alan closes €50m Series C

French startup Alan has raised a $54.4 million (€50 million) Series C funding round. The new round was led by Singapore-based investor Temasek, with previous Alan backer Index Ventures also contributing. With the close of the round, Alan has raised a total of €125m in equity. The InsurTech’s former funding round was a €40m Series B in…

Indonesian InsurTech Qoala raises $13.5M to grow its insurance platform

Indonesian InsurTech Qoala raises $13.5M to grow its insurance platform

Online lending firms might be beginning to feel the heat of the coronavirus pandemic in Southeast Asia, but investors’ faith in digital insurance startups remains unflinching in the region. Jakarta-based Qoala has raised $13.5 million in its Series A financing round, the one-year-old startup said Tuesday. Centauri Fund, a joint venture between funds from South…

InsurTech Getsafe is thriving thanks to Coronavirus and launched a new accident insurance product

InsurTech Getsafe is thriving thanks to Coronavirus and launched a new accident insurance product

The German startup has essentially created a smartphone app where customers can buy a policy, make a claim, or otherwise manage their coverage. The new digital accident insurance product is poised to pave the way for Getsafe to be able to offer life insurance. The company hailed the latest step in its product suite that…

InsurTech Growth in India

InsurTech Growth in India

The Indian InsurTech space witnessed rapid growth in 2018 after receiving total funding of approximately USD 378 million across 17 deals to emerge as the third best-funded FinTech segment. As of February 2019, 142 InsurTech startups were operating in India. Amongst these, the top 10 InsurTech start-ups by their amount of funding have received an…

Future Trends in Insurtech

Future Trends in Insurtech

The development of technology has immensely improved the ecosystem for the insurance industry. Insurtech is extending a bright new horizon. Insurtech refers to insurers using technology to make it easier for their clients to prefer the correct product and settle their claims while also improving the insurer’s distribution capability, risk assessment, and pricing. The Insurance…

Fintech propositions in insurance

Fintech propositions in insurance

Insurtechs have started offering innovative and better services for both retail and SME customers from distribution through to servicing. Focus areas within the insurance On-demand insurance Specialized insurance covering risks based on specific activities at certain times. Insurance coverage dashboard Apps that provide analysis of existing coverages and advice on the purchase. Digital distribution platforms…

Insurtech in India

Insurtech in India

Apart from traditional segments like payments, lending, and fund management, India offers good potential in many other segments. One such key segment obtains insurance where InsurTech startups can have a deeper impact and possibilities to disrupt the market. India is attractive from an InsurTech perspective due to the size of its significantly underinsured population. According…

Insurance and Technology: Insurtech

Insurance and Technology: Insurtech

PriceWaterhouseCoopers describes insurtech as the insurance-specific branch of fintech initiatives. Specific, insurtech startups are actively leveraging on technology for providing innovative value propositions to their target markets,

  • 1
  • 2