What are mobile app trends in 2022? ?? New digital assets insurance products, How IoT data is changing legacy industries 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
OneInfinity is an insurtech offering designed for digital asset trading platforms, custodians, asset managers and tech providers. With the rapid and mass adoption of digital assets, the global market value of digital assets surged to a record high of?$3trillion by the end of 2021. To ensure the community’s sustainable growth, a key strategic priority shared by?Web3?builders, operators, participants and policy makers is to build a compliant and secure Web3 ecosystem by establishing and adopting best practice in risk management. However, lack of insurance capacity has not only put Web3 practitioners at greater risk, but also hampered institutional investors’ participation. One of the key reasons for the lack of insurance capacity globally is the scarcity of data and expertise to underwrite risks related to digital assets.
Must-read insurtech stories
With sensors now embedded in pretty much every device and product, even the most unassuming enterprises have access to exponential data.
Unboxed, a sneaker-focused app dedicated to organizing the world’s sneaker collections, has entered a new partnership with Assurely, an InsurTech company specializing in innovative insurance solutions. Together, the two companies have launched a new solution to insure Unboxed users’ sneaker collections.
Digit Insurance became the first Indian insurtech startup to turn a unicorn in 2021. Founder Kamesh Goyal the company’s growth journey.
Insurtech Reports and Studies
Mobile app growth continued to accelerate globally in 2021. After a year of industry changes and pandemic shake-ups, the app ecosystem saw growth in installs and sessions industrywide, with the fintech, e-commerce and gaming verticals emerging as standouts and seeing their highest in-app revenue months on record in 2021, according to Adjust data.
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@albertogaruccio 8 insurtech M&A deals from 2022 - Digital Insurance https://t.co/R6KQsGRbbE
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Investment and Startup Use Cases
Surance.io has recently completed a round of financing from Tech Mahindra that acquired 25% equity of the start-up with an option to invest in additional 20%. The initial investment is at the amount of US$ 4 million which will support the global expansion of the strong player in the InsurTech industry.
Insoore plans to develop AI projects in damage detection, engage new talent and expand globally
EvolutionIQ actively monitors every open claim to guide frontline operators to those that require more attention, new actions, or complex decision-making. Insurance carriers and third party administrators using EvolutionIQ report increased claim capacity and lower claim cost. Those using the software for over a year saw loss ratio reductions of up to 3.3 percent and claim flow-through reductions of up to 45 percent directly attributable to EvolutionIQ.
Insurtech Digest Back Issues
Distracted driving , insurance for mobile money customers and more. Look at these and other news in our digest.
NFTs Can Unlock Scarcity and Authenticity, Insurtech funding rounds in March ‘22 and more. This week we have 12 resources you shouldn’t miss!
2022 Worldwide Embedded Insurance, the Future of Insurtech and more! A new perspective on an old-established industry.
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