The Future of Small Business Insurance, Could my car be hacked? The Rise of Personalized Insurance in a Data-Driven Era and more
A new perspective on an old-established industry. Find latest report, news and information about startups and innovations in the insurance industry, with a focus on best #insurtech initiatives and venture capital investments.
The Future of Small Business Insurance
Small business insurance has been one of the most talked about areas of insurance over the past five years. While talk has been high, action has been low from most incumbent insurers. The key drivers for an increase in the likelihood of purchasing business insurance are a desire to avoid future losses that the business experienced due to the pandemic (50%); financial vulnerability (46%); and an increased awareness of the risks that the business is facing (39%).
MUST READ STORIES
Could my car be hacked?
Connected cars offer great advantages, but they also present challenges. Cybersecurity is one of the biggest concerns for manufacturers, regulators, drivers, and other agents, who are working together to protect people and vehicles. Read more.
3 InsurTech platforms disrupting the insurance industry in UAE
The InsurTech market is booming in the UAE. Many companies and startups are getting into the insurance space using technology.
Revolutionizing Risk: The Rise of Personalized Insurance in a Data-Driven Era
Explore how personalized insurance is transforming the industry by leveraging advanced technologies and data analytics to tailor coverage to individual needs. Read more.
INSURTECH REPORTS
NTT DATA's Insurtech Global Outlook 2024 Report
In 2023, Insurtech funding experienced a second consecutive year of decline from the peak in 2021. This is not necessarily a negative signal. In fact, the industry is looking for new highs to face specific challenges in three different periods or waves.
领英推荐
INSURTECH ROUNDS
Brazilian insurtech Akad raises $22.5M in Series A
Recently authorized to operate in the personal insurance space by Susep, Akad will use the funds to offer more robust solutions for its insurance brokers and partners. Read more.
Oka Secures $10M Investment
Oka, a carbon insurance company, raised $10M in funding. The company aims to use the funds to support its risk-based capital requirements and operational growth. Read more.
Sydney start-up Honey Insurance lands blockbuster $108m US investment
Home insurance disruptor Honey Insurance has landed the third-largest ever series A funding round for an Australian tech company – $108 million – after nabbing market share from less innovative incumbents by using artificial intelligence and smart home sensors to bring down premiums. Read more.
INSURTECH DIGEST BACK ISSUES
How agents and brokers are using insurtech
Insurtech Digest Issue #181 is out! 3 life insurance underwriting predictions, a complete guide to insurtech and more
Which insurance giants have the most AI innovation?
Insurtech Digest Issue #180 is out! Insurance Growth Report 2024, Insurance copilots could aid in underwriting, claims and more
5 key generative AI use cases in insurance distribution
Insurtech Digest Issue #179 is out! Opportunities for Multimodal Mobility Insurance, Social Media Transforming Insurance and more
Get the best of insurtech in your inbox
Hey there, hope you find this digest inspiring! So please, share on your social and tell your fellow insurtech enthusiast friends to subscribe here. ? Feel free to connect with me and keep in touch for any support concerning your startup or impact projects.
Have a nice day!
Alberto
Love this initiative! To truly spotlight your members' unique journeys, consider leveraging personalized storytelling through interactive content formats like live Q&A sessions or member takeovers on social media platforms, enhancing engagement and fostering a stronger community connection.
Impressive insights! To truly stand out, consider leveraging predictive analytics for designing hyper-personalized insurance products, and explore strategic partnerships with tech companies to enhance your value proposition for SMEs.
| Expert- Consultant| MC Consultants| ??Insurance Elephant??|Insurance Advocate
7 个月Surveys are useful to gauge sentiment but output may be biased by the form of the survey inquiries (not to say the cited survey suffers from the concern), but some fundamental macro concerns are understated for SME insurance in the US: >>Availability of cover (contraction of policy benefits) >>Cost of cover >>Climate-affected perils and markets being abandoned >>Growth of exposure to losses that are not direct physical losses, e.g., cyber schemes, cost of adaptation to climate-based physical risks, reputational losses, AI-based liability >>Downstream effects of rising reinsurance costs and reduction of reinsurance availability These macro factors may lie outside of the SMEs focus and become issues brokers and carriers must do well at anticipating for their clients. Thanks for another fine issue, Alberto Garuccio, and for the tag.
Supplier Management Manager da empresa Mercedes-Benz do Brasil, ExO Foundations by OpenExO, Engaged Doer by Purpose Alliance & Startup / Singularity University Community / American Society for Quality Member
7 个月Tks for the contribution and mention dear Alberto Garuccio !??????
Founder @ Agiliux | Transforming Commercial Insurance | Insurance Technology
7 个月Lot of great stuff at one place, Tx ??