InsurTech weekly 441 ?? Will GAFAM ever succeed in insurance?

Hi All,

Following Amazon's decision to shut down its insurance initiative in the UK, a lot has been said.

But did you give it a try?

I did it for you and went through Amazon Insurance's UX. And you might be surprised by the output.

At least it's worth a look to assess what this termination means for the future of insurance innovation.

On a separate note, we shared our summary of how InsurTech startups did last year across Europe. This is based on every investment round announced in that space.

And below, you'll find the three most engaging articles shared this week. They are about InsurTech trends, FinTech comparables and adjacent Tech worth a look.

-Thanks for your support-

On March 20th-21th InsurTech Insights is gathering the InsurTech industry in London.

Let's meet there and discuss the state of InsurTech, what it takes for startups to raise money in the current environment and challenges incumbents still need to tackle.

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-InsurTech weekly-

1?? The benefits of Embedded Insurance

For centuries, the rules of the insurance business were set in stone. Insurers develop sophisticated products that protect customers from unfavorable events, and insurance agents help customers navigate the complexities of the market. In recent years, insurance agents have become more digital, and a growing share of insurance products are being sold online. This is forcing insurers to transform themselves by investing in digital technologies, becoming more customer-centric, and hiring fresh talent to meet the needs of an increasingly digital marketplace.

>> Read more

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2?? Challenges Banking-as-a-Service still needs to tackle

Every company became a Fintech company, but not every partner bank was fully ready for the consequences. In the past week, Blueridge Bank received its second OCC enforcement in 18 months, and Choice Financial received a cease and desist from the FDIC. This could impact Fintech companies like Mercury and Current.

>> Read more

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3?? What could we expect next in self-driving cars

In 2023, it almost felt as if the promise of robotaxis was soon to be fulfilled. Hailing a robotaxi had briefly become the new trendy thing to do in San Francisco, as simple and everyday as ordering a delivery via app. However, that dream crashed and burned in October, when a serious accident in downtown San Francisco involving a vehicle belonging to Cruise, one of the leading US robotaxi companies, ignited distrust, casting a long shadow over the technology’s future.?

>> Read more

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< Read last week release I

-My latest podcast (for French ?????speakers)-

I have a look back at InsurTech deals announced this month, deep diving into the three biggest of them.

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