The insurance industry has undergone dramatic changes in recent years driven by increased use of digital channels and shifting customer expectations. InsurTech (insurance technology) companies have been at the forefront of tackling those challenges with the sector predicted to grow at a CAGR of 46%, to reach a market size of $114bn by 2030.
As such, the process to identify the 100 InsurTech innovation leaders this year was more competitive than ever. A panel of analysts and industry experts voted from a longlist of over 1,800 companies produced by FinTech Global. The finalists were recognised for their innovative use of technology to solve a significant industry problem, or to generate efficiency improvements across the insurance value chain.
FinTech Global director Richard Sachar said, “Faced with seismic shifts in consumer behaviour, the so-called “race to digitalise” and challenging market conditions, insurers have their work cut out for them. The InsurTech100 lists helps senior insurance executives in the industry filter through the noise in the market by highlighting the tech companies transforming sectors such as underwriting, pricing, distribution and data & analytics.”
Check out page 29 for an ad describing our placement and proposal automation functions, and pages 95-97 for a detailed profile, CEO interview and thought leadership article.
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