InsurTech weekly 442 ?? The climate game-changer in insurance
Florian Graillot
Investor @ astorya.vc (insurance & emerging risks ; Seed ; Europe)
Hi All,
First, let me welcome people who recently joined InsurTech Weekly.
This makes us among the fastest growing InsurTech newsletters. Thanks a lot for your support and obviously, keep spreading the word.
In addition, you might have missed my latest essay on the data challenge in insurance . It connects the dots between three articles dealing with that topic through different lens.
And as usual, you'll find below 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.
-InsurTech weekly-
1?? Opportunities at the crossroads of InsurTech & ClimateTech
Extreme weather events are becoming more frequent. As a result, insured losses are growing at a rate of 5-6% annually, which are flowing through into home-premium hikes in the mid double digits. (...) Adapting consumer homes could be a critical solution to address 1) better consumer access with lower premiums, 2) improved insurer profitability, and 3) lower reliance on governmental funding for high-frequency low-loss events. One study found that basic flood resilience improvements could result in >50% reduction in hazard risk premiums.
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2?? Is there still room for B2C FinTech ?
The consumer Fintech space is crowded. There's a Neobank in every primary color. BNPL, trading apps, and now savings apps exist for every audience. There's a Neobank for doctors, movie production studios, and even sports teams. New propositions get ever more niche, suggesting innovation is tapped out. I don't think it is. Mainstream consumer Fintech is reaching maturity. It has to diversify to grow, and most user growth is behind it. Just about every good idea and 1000s of bad ones got funded in the 2021 cycle. But here's the twist.
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3?? The state of Quantum Computing
The quantum computing field is advancing rapidly with important breakthroughs in quantum hardware and software rendering it an increasingly strategic asset for organizational infrastructures who consider investing in it. The report offers insights on how quantum-focused firms can bridge the existing divide between the pace and direction of quantum technological development, and the immediate requirements from cust
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< Read last week release I
-My latest podcast (for French ?????speakers)-
I explore the data challenge in insurance by connecting three articles which share different perspectives on that same topic. In addition, I share my own view on that opportunity for both incumbents and startups !
?? Archives ?of InsurTech Weekly
Fascinating read! Addressing climate change is paramount for insurers, and leveraging technology to navigate these challenges is crucial. Looking forward to seeing how innovation continues to reshape the industry. ????
Industry Executive - Microsoft Financial Services Industry
9 个月Thank-you Florian your Insurtech weekly - As we saw with the first annual results of the bank-insurers their insurance results side has been degraded by the increasing number of natural disaster - This recurring point becomes a societal and economic issue
Great insights into the intersection of InsurTech and ClimateTech! The potential of technology to address climate change risks in the insurance industry is promising.
Adapting to climate change is crucial for insurers, and technology plays a vital role in addressing these risks. Interesting read!
I help B2B founders in Southeast Asia ? 3x Exit Founder ? Grew last company to $5m+ ARR ? 15+ years of growth leadership ?? Book a free growth consultation with me.
9 个月Great insights! It's crucial for insurers to leverage technology for addressing climate change risks.