The Theme last week was blockchain still alive in InsurTech.
A late Merry Christmas and an early happy New Year to dear readers of DailyFintech!
At the end of the year, we bring you the theme for this week: Insurtech Retrospect, a review for 2018. This is a tough year for investors and startups. The shadow of trade conflict between US & China and economic volatility have grave effects on business. How is InsurTech coping with that?
For more about the Front Page Weekly CXO Briefing, please click here.
Incumbents embracing InsurTech is a common theme in our posts. This time, it’s about customer engagement.
Story 1: Digital Insurance’s top 10 stories of the year
Extract, read more on Digital Insurance:
“What a wild year for insurance — or insurtech — or whatever you want to call it! 2018 will surely be remembered as a banner year for the industry’s transformation agenda. Carriers big and small, across lines of business, rolled out all sorts of next-generation technologies with the aim of getting the best ever-exclusive customer experience. And money flowed into insurtech, with more than 15 investment rounds of more than $40 million dollars going to some leading startups.”
Lots of stories happened in InsurTech community in USA this year. You can see Uber and Amazon are mentioned, and old school incumbents like Travelers embracing digitalization as well.
Story 2: Top 100 Insurtech: Quarter four update
Extract, read more on Insurance Post:
“It’s time for the final 2018 update on the Insurtech 100, the global index compiled for Post by Tällt Ventures. Here founder and CEO Matt Connolly rounds up the latest investment and partnership news.”
You can find most of the financing records of the year of InsurTech startups in this article, as well as partnerships, product launches, expansions, even personnel changes.
Story 3: Quarterly InsurTech Briefing Q3 2018
Extract, read more on Willis Towers Watson:
“In this edition of the Quarterly InsurTech Briefing, we look at event-based, or “parametric,” insurance offerings and ask ourselves whether event-driven cover is just a niche product or a Trojan horse that can simplify and fundamentally change the industry.”
Wills Towers’ 46-page quarterly briefing includes an industry theme for 2018Q3, startup profiles, transaction spotlight, thought leaderships and data center.
InsurTech has delivered a relatively better performance in 2018 than other sectors in technology and Internet industry. At least that’s the case in China. When economy goes down, people are more inclined to put money in insurance.
Zarc Gin is an analyst for Warp Speed Fintech, a Fintech, especially InsurTech-focused Venture Capital based in China.
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