This year insurance companies, witnessing tremendous changes taking place in the banking sector, intensified research and collaborations with startups in the sector.
By Roger Peverelli and Reggy de Feniks
Roger and Reggy are the founders of Digital Insurance Agenda and DIA Barcelona and the authors of the worldwide bestseller ‘Reinventing Financial Services’.
Winning insurtechs are those that tap into the key challenges insurance carriers are facing. In this post the second of seven different flavours of winners in fintech insurance: Insurtechs that drive dramatic cost savings. (more…)
By Jay Farber for Techcrunch.com
Venture capital-backed insurance success stories have risen at a regular drumbeat over the last few years: 2011 brought the billion-dollar Esurance acquisition, 2012 brought the wildly successful Guidewire IPO, 2013 brought the large Climate Corporation acquisition and 2014-2015 brought Zenefits to prominence. (more…)
By Jonathan Shieber, for techcrunch,
The insurance industry as it currently exists is, by all accounts, terrible. (more…)
By Connie Loizos for Techcrunch.com
Zendrive, a startup that uses smartphone sensors to measure drivers’ behavior, has raised $13.5 million in Series A funding led by Sherpa Capital, with participation from Nyca Partners, Thomvest Ventures, and earlier backers First Round Capital, BMW i Ventures, Fontinalis Partners. Tad Montross, who’s the chairman and CEO of General Re Corporation, also joined the round. (more…)
By Sarah Perez for Techcrunch.com,
Austin-based The Zebra, a startup that’s something of a “Kayak for auto insurance,” has been working to bring the process of shopping for insurance online, where consumers can more transparently compare quotes and understand how insurance companies determine rates. Now the company has raised an additional $17 million in Series A funding led by Ballast Point Ventures. (more…)
By Steve O’Hear for Techcrunch.com,
Like Knip, FinanceFox is another startup founded in Switzerland that is moving the insurance brokerage process online. Its mobile app lets you manage of all your existing insurance and get advice regarding gaps in your coverage or ways to save money on your insurance requirements going forward. (more…)
Successful insurtechs tap into the key challenges insurers are facing. A sneak peek at the seven different flavours of winners in fintech insurance. Insurtechs that accelerate the digital transformation of the industry. (more…)