Would the insurance industry benefit from Web3 adoption? Are fintechs and insurtechs bad at PR? Why talent shortages persist in 2023 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.

Discover the dashboard on insurance protection gap for natural catastrophes by Eiopa European Commission

The first European dashboard depicts the insurance protection gap for natural catastrophes. The aim of the dashboard is to present the drivers of a climate-related insurance protection gap in order to identify measures that will help in decreasing society’s losses in the event of natural catastrophes.

The dashboard brings together data on economic and insured losses, risk estimations as well as insurance coverage from 30 European countries. It presents the data in four different views:

• Current view. Using modelling data, this view indicates the current protection gap according to a particular peril (e.g. flood, earthquake).
• Historical view. Using data of insurance coverage and economic losses from 1980 to 2021, this view presents a historical protection gap according to a particular peril.
• Country view. This view presents additional information of the current protection and historical protection gaps for each country.
• Country insurance view. This view presents information on how natural catastrophes are covered by country.

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MUST READ STORIES

Are fintechs and insurtechs bad at PR?

In the early days of a business, growing awareness and trust are vital endeavours. So why do so many fledgling fintechs seem to struggle with PR??Read more.

Would the insurance industry benefit from Web3 adoption?

Due to the complexity of the insurance industry, the adoption of new technologies has been slow. This is a paradox, since insurance is one of the business application areas where the introduction of new technologies, especially the ones related to Web3, offers big potential.?Read more.

Why talent shortages persist?in 2023 despite labor markets showing greater stability:

Effective leaders have moved beyond what many called the great resignation and quiet quitting to address deeper challenges.

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INSURTECH REPORTS

2022 FinTech Almanac by FT Partners

Report Features:

• 2022 and historical FinTech financing and M&A volume and deal count statistics
• Largest FinTech financings and M&A transactions in 2022
• Most active FinTech investors including strategic investor participation
• Breakdowns by geography and deal type
• FinTech sector and sub-sector highlights
• Updated "History of FinTech"

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INSURTECH ROUNDS

Guardz emerges from stealth with $10M for SMB security and cyber insurance to protect against attack-as-a-service breaches

Small and medium businesses have become a big target for malicious hackers in recent years, accounting for billions of dollars in losses.?Read more.

Habitto raises USD 3.9m in pre-A financing round

Habitto, a mobile bancassurance platform, is looking to take on the financial anxiety that the Japanese face about their future. The mobile offering connects savings, investment and life insurance products supported by digitally enabled financial advisors.?Read more.

Insurtech Startup Propeller Bonds Raises $6.4M in Seed Funding

This round of funding will enable the company to accelerate growth and further its mission of transforming the surety industry. The company will use the funds to invest in people, finish its development roadmap, expand its product base, and drastically increase marketing and sales efforts to add agents to the Propeller ecosystem. To date, Propeller has signed on over 2,100 insurance agencies nationwide and continues to receive rapid adoption among the agent and broker community. Propeller offers agents and brokers a white-labeled URL that houses nearly 7,000 surety bond obligations and allows both agents and customers to quote, pay, and receive their bonds within minutes. Beyond this, Propeller offers underwriting expertise via proprietary programs, making the solution a “bolt-on” surety department for many agents and brokers, as well as for carriers who partner with Propeller.

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INSURTECH DIGEST BACK ISSUES

Where insurtech’s going and why it's ripe for expansion. Insurtech Digest Issue #137 is out! Top trends shaping Insurance, InsurTech investment report for Q4 2022 and?more

Do you know top 6 ways claims have already transformed? Insurtech Digest Issue #136 is out! 10 Promising DeFi Use Cases, Insurance Technology Trends, Insurtech M&A and?more

?How insurers can win the race to AI maturity? Insurtech Digest Issue #135 is out! Is WEB3 an opportunity for insurers? Top InsurTech Leaders 2022 and?more

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Have a nice day!

Alberto