November 24, 2016
PUBLISHED BY Elena Mesropyan
SOURCE Let's Talk Payments
The young, but extremely vibrant history of InsurTech proves it to be one of the most electric industries to follow in 2017 and beyond. An ever-expanding list of outstanding InsurTech startups is already shaking up the $4.5-trillion-dollar industry by leveraging technological capabilities. The use of disruptive technologies like big data, Internet of Things (IoT), mobile technology, AI, social network and blockchain are gaining momentum and InsurTech firms are looking for a scope to capitalize it. This is happening on a global scale with companies far and wide contributing. Take Asia for example, where many different start ups are making big waves in the industry. This has been well documented on Insurance Post.
The rapid growth of InsurTech startups, interest from VC firms and the corporate world served as a sign that the ecosystem has a tremendous potential and requires action to leverage those opportunities. In response to the flourishing startup environment, opportunistic minds have built InsurTech-focused accelerators to nourish the next big idea and the next Uber of insurance.
Meanwhile, hundreds of InsurTech startups around the world prove that the insurance industry cannot move forward without complete revamp of traditional models of delivering insurance products. In various ways, the startup community is reimagining insurance, bringing advanced technologies to the biggest industries around the world.
The following list of 101 InsurTech companies is certainly not exhaustive but contains some of the most interesting examples of forward-thinking insurance solutions providers that target various members of the industry with tech-powered offerings.
RiskMatch is an insurance platform that delivers Web-based solutions for insurance intermediaries and underwriting partners throughout the US. The company’s patented platform provides an array of portfolio management and placement solutions, analytics, internal and external benchmarking capabilities, and information management services designed to enhance performance, reduce costs, facilitate growth and improve client service.
See the full list here.