InsurTech Innovation Is a Key to the Future. Our report shows that there is a great diversity of InsurTech business models in France in 2018. This year’s report draws on research insights from two primary sources “ surveys and interviews with traditional insurance firms and InsurTech firms. Future business roles for the ecosystem players, World Insurtech Report 2019, Capgemini and Efma, October 2019 Collaboration is key One of the main topics covered in the report is the need for incumbents to collaborate with other industry players, and most particularly insurtechs. The World Insurance Report 2018 from Capgemini and Efma highlights the need for insurers to have digital agility, cater to customer demands and create future-ready operating models to stay ahead of BigTech competition. This report is intended to be a resource for industry participants, policymakers, and regulators interested in understanding more about the tech-driven changes taking place in today’s insurance sector. World InsurTech Report 2018: Collaborative approach between incumbent insurers and InsurTechs gains traction As new competition looms and tech investment reaches new highs, collaboration is the key to unlocking enhanced customer experience Paris, October 2, 2018 – The insurance technology (InsurTech) sector is booming and Our report sheds light on the great diversity of InsurTech business models in France in 2018. Our landmark 2018 report introducing the InsurTech Impact 25 – 25 emerging technology-led businesses well-placed to have an impact on the industry in 2018. 4 PwC Global InsurTech Report – 2017 In 2016, the insurance sector was in the midst of the FinTech revolution, with InsurTech disruption on the mind of 74% of insurers. No longer banking industry disruptors, BigTechs and challenger banks have opened a Pandora’s box of sky-high customer expectations. Life & Health InsurTech has attracted more than $5 billion in funding over the last five years, 20% more than P&C over the … Le premier rapport World InsurTech Report (WITR) 2018 de Capgemini et Efma explore la manière dont les sociétés InsurTech redéfinissent le secteur de l’assurance avec de nouveaux modèles économiques perturbants et des offres innovantes et personnalisées. The report also reveals major coverage disparities for each business model category, with some drawing a dense crowd of InsurTechs, while others have only attracted one or two InsurTechs. An icon of the world globe, indicating different international options." Finally, the report shows that there is currently a Revenue in the insurtech market is expected to reach $10.1 billion by 2025, growing at a CAGR of 10.8% during the period 2020–2025. The global InsurTech market revenue is valued at $532.7 million in 2018 and is expected to reach $1,119.8 million by 2023, growing at a CAGR of 16.0% during the forecast period 2018-2023. 3.2 The objective of this report is to help actuaries, risk professionals and other stakeholders Today, while most respondents still see business as being at risk, InsurTech is becoming more widely understood and accepted. in 2018 were those “beyond insurance” 61% *going forwards in this report, ‘applicants’ will refer to the 226 startups who were taken through to the final stages of Startupbootcamp InsurTech’s application process Published on Oct 1, 2018 View video on The World InsurTech Report 2018 key findings and hear about the changing forces in the insurance industry and the … analysis of the InsurTech ecosystem, including profiling more than 100 InsurTech platforms operating around the world. Business-as-usual within the insurance industry is coming to an end. This year’s report draws on research insights from two primary sources – surveys and interviews with traditional insurance firms and InsurTech firms. By continuing to navigate on this website, you accept the use of cookies. InsurTech investment doubled between 2017 and 2018. The World InsurTech Report (WITR) 2018 covers all three broad insurance segments: life, non-life, and health insurance. February 23, 2018 Chris Sandilands. World Insurance Report 2018 Section 1: Non-Cash Markets and Trends 02 In the context of this report, “InsurTech” refers to technology-based capabilities that have specific application in insurance, whereas “InsurTech firms” refer to firms with offerings based on InsurTech capabilities, that are … The World InsurTech Report 2018 (WITR) covers all three broad insurance segments: life, non-life, and health insurance. The World InsurTech Report 2019 defines the competencies of Inventive Insurers as follows – Capable of making business processes more intelligent, efficient, and effective using AI, automation, and analytics. 3.1 The “Risk Management in a Digital World” Working Party was formed in response to the ever-increasing influence that the digital world is having on the insurance sector, commonly referred to as “InsurTech”. Publish date: Date icon October 3, 2018. S&P Global Market Intelligence’s 2018 US Insurtech Market Report projects that U.S. private auto insurance premiums written via the direct-to-consumer channel will exceed $90 billion by 2022. There is no doubt that M&A, fundraising and partnership activity unfolding at present will continue to thrive as players compete for a piece of this pie in an increasingly digital world. World InsurTech Report 2018, Report methodology. Authors: DIETMAR KOTTMANN, Partner, Germany In this edition of our quarterly InsurTech report, we take a break from a Property and Casualty (P&C) insurance focus to take a deeper look into the Life & Health insurance sector. More than $8.5bn was raised by InsurTech companies globally between 2014 and 2018, with 599 deals completed during the period. World InsurTech Report 2018. The World InsurTech Report (WITR) 2018 covers all three broad insurance segments: life, non-life, and health insurance. Capgemini World Insurtech Report 2018. The number of transactions peaked at 151 in 2016, with over $1.4bn raised by InsurTech companies that year. No longer is the impact of InsurTech disruption in question. This report reveals major coverage differences between business model categories, with some drawing a dense crowd of InsurTechs, while others have only attracted one or two InsurTechs. Read the report for detailed profiles of these 25 InsurTechs and in-depth analysis of the InsurTech landscape in February 2018. The World InsurTech Report (WITR) 2019 covers all three broad insurance segments: life, non-life, and health insurance. The World InsurTech Report (WITR) 2018 covers all three broad insurance segments: life, non-life, and health insurance. This year’s report draws on research insights from two primary sources – surveys and interviews with traditional insurance firms and InsurTech firms. Creating new scalable products with shorter development cycles. But banks can still thrive by transforming into inventive banks. Oliver Wyman will once again be the presenting sponsor for InsureTech Connect, the world's largest insurtech gathering where entrepreneurs, investors, insurance executives, and risk managers meet to solve cutting-edge problems in the insurance sector. Visit the post for more. The report includes: https://worldinsurtechreport.com/resources/world-insurance-report-2018 This year’s report draws on research insights from two primary sources – surveys and interviews with traditional insurance firms and InsurTech firms. Get a glimpse of what the inaugural World InsurTech Report 2018 reveals on the changing forces in the insurance industry and the best path forward for … The World Retail Banking Report from Capgemini Financial Services and Efma Visit site The World InsurTech Report (WITR) 2018 covers all three broad insurance segments: life, non-life, and health insurance. This time I've extended the list from 20 to 25, and there are four new entries - comparison site Everquote, health insurance platform Health Sherpa, SME-focused Insureon (all from the US), and UK on-demand car insurance startup Cuvva. InsureTech Connect 2020 will take place September 21-23 at the MGM Grand Las Vegas. World InsurTech Report 2018: Identifying Frontrunners of the Future World Insurance Report 2017: Navigating the Insurance Conundrum What You Need to Know about Insurance, Gen Y and the Internet of Things World Insurance Report 2015: Profiling the Insurer of the Future Paris, October 2, 2018 – The insurance technology (InsurTech) sector is booming and facilitating a new era of collaboration between challengers and insurance industry incumbents, according to the inaugural edition of the World InsurTech Report published today from Capgemini. This year's report draws on research insights from two primary sources - surveys and interviews with traditional insurance firms and InsurTech firms. The debate is over. The Digital Insurer reviews Capgemini’s Report on WORLD FINTECH REPORT 2018. This is a preview of the Business Insider Intelligence Insurtech 2.0 premium research report. The industry appears to have collectively agreed that InsurTech firms and innovation are here to stay. Gaining a better understanding of InsurTech has Links to original report also provided. The report also examines startup funding trends and identifies other business lines that could be ripe for insurtech disruption. InsurTech Impact 25 2018. Here's the ranking of the world's highest-traffic insurtech companies, updated for March.