Nice article on the insurance wave! With 3 investments in Insurance (KNIP, Salviol and Komparu) we can concur with the potential this sector has and the potential in Data and Distribution!
TechCrunch, the technology news site, recently declared that Insurance is the Next Frontier for Fintech. But the $3 billion of investments made in financial technology in 2014, which included support for developments in lending, equity financing and digital payments, were mainly focused in the banking industry. Insurance innovation was under represented, so has its time now come? Despite generating insurance premiums of over $1.1 trillion during 2014 in the US alone, there are few examples of real breakout innovation in insurance. Technological developments such as drones, driverless cars and our increasing fascination with measuring our body’s performance with digital devices such as Fitbit, are all touted as future disruptors for insurers but there’s no threat of an Uber-like monster coming over the hill just yet.