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Assaf Wand, co-founder and CEO of Hippo Insurance companies have long avoided disruption, but fintech players are coming on strong – and investors are taking notice. A conversation with Assaf Wand, co-founder and CEO of Hippo. The CEO of fast-growing Hippo Insurance Services wants to change how Americans buy homeowners insurance, figuring it takes as much time and energy to tackle a big problem as it does a small one, so he might as well go big. About Hippo Since 2005, Hippo Insurance has leveraged and married modern insurance practices with modern technology, offering smarter products to meet modern demands.…

The full report is available through the PitchBook Platform. This emerging tech research report includes a comprehensive segmentation of insurtech, along with market maps, business model descriptions, industry drivers, KPIs, notable VC deals and exits, key investors, and incumbents. We also provide proprietary analysis of opportunities and risks, in addition to our own outlook of each segment. Coverage includes property & casualty, health & life, commercial, distribution & intermediation, underwriting, and administration & claims. Click here to download

From dematerialization to personalization and experience and beyond, here are the top 10 digital trends for insurance. The insurance sector is one of the most important and diverse productive sectors of the world economic system. It’s a strategic sector, one that has many points of contact with the public and with individual health, a side that, as is evident, has jumped to the center of public debate, especially given the difficulties facing many parts of the world in the wake of the pandemic. But that’s not all. We are talking about a sector that has seen its processes and dynamics…

Insurers could distribute coverage through technology firms that adopt the managing general agent model, a Montreal expert for a venture capital fund observes. “Some technology startups are adopting the MGA model to partner with a carrier or reinsurer to distribute their product,” said Laviva Mazhar, investment associate at Luge Capital. “Some tech-driven MGAs are partnering with brokers to give those brokers access to faster policy distribution. We are seeing that in life and health. I could see that on the property and casualty side as well, with products that might not be easy to underwrite or deploy fast enough in an…

AmTrust leverages the Bold Penguin Terminal to strengthen digital binding capabilities for agents COLUMBUS, Ohio, Jan. 11, 2021 /PRNewswire/ — Bold Penguin, a rapidly growing insurance technology provider, announces today an expansion of its partnership with top small business insurance provider AmTrust. AmTrust joins a growing list of carriers on the platform that offer an embedded, fully digital quoting experience in workers’ compensation coverage for small businesses. AmTrust, a leader in digital innovation, who joined forces with Bold Penguin in Q2 2020, has expanded its in-app binding capabilities on the Bold Penguin Terminal. The company will leverage Bold Penguin’s newly…

Experts are predicting carriers’ struggles to innovate, and keep up with other carriers, will change the trajectory of dealmaking and valuations. For most leading carriers, the push to leverage efficiencies offered by new technologies has become increasingly urgent, as have the variety and efficacy of those new technologies. Rapid innovation has been hard to achieve, however, and the pace of digital transformation has been slow and reactive. As executives have embarked on the journey, they have found a number of challenges that they first have to surmount in order to make meaningful progress. Whether it’s a skills gap affecting their…

Insurtech is a merging of ‘insurance’ and ‘tech’ and a relatively new concept, but when was the term coined? You would be hard-pressed to pinpoint this to a specific place and time as, much like the process of evolution, the emergence and rise of insurtech has been gradual, but the term has been in use for around a decade. Similarly to fintech – new technology that seeks to improve and automate the use of financial services – insurtech essentially leverages technology to improve efficiency and drive advancement within the insurance industry. So what prompted the insurtech revolution?  Will Insurtech Disrupt…

As the CEO of Insurtech Australia since May 2019 – and one of the organization founders – Rita Yates is extremely apt to identify which areas of the insurance industry benefitted most from integrating insurtech solutions in 2020. In Australia, Insurtech is a rapidly evolving space, particularly with the virtual shake-up that occurred as a result of remote working requirements brought about by the pandemic. 2020 has seen insurtech continue to grow in Australia as company resources are increasingly focused on digital transformation. “There are two segments that stand out for me.” She shares, “The first is the claims process,…

The insurtech sector raised $1.9 billion in VC funding during Q3 2020, a 69% increase over Q2 and its biggest quarterly total since Q4 2017. Health and life insurtech companies continued to drive a significant share of deal value, accounting for roughly half of the total invested capital. Several startups hit unicorn status as the pandemic accelerated a shift to digital insurance sales, according to our Q3 installment of Emerging Tech Research on the insurtech sector. Yet 2020 is on pace to fall well below 2019’s dealmaking activity, and deal sizes have decreased markedly. Other takeaways from the report: Late-stage…

Individuals Recognized for Driving Change through Collaboration, Sustainability & Inclusion, and Global Ecosystem-Building ACORD, the global standards-setting body for the insurance industry, today announced its annual InsurTech Leaders list. This year’s leaders are presented in conjunction with Alchemy Crew, whose co-founder & CEO Sabine VanderLinden has herself been a perennial member of ACORD’s list. Every year, ACORD evaluates vision, execution, and outcomes to identify the leaders with the greatest current and future ability to change the industry through InsurTech. The 2020 list is expanded to recognize leaders who are driving change in three key focus areas: collaboration, sustainability & inclusion,…