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Global Insurance Report
Executive Summary
Industry Overview
Incumbents
InsurTech
Outlook
2
3
US and Americas
Europe
Asia-Pacific
4
5
HSBC Insurance
Old Mutual International
Amazon
Alphabet
Apple
7
Founded
Market Cap
Investors
Largest shareholders:
8
Actuarial Models
and Product
Design
•
•
•
•
•
Marketing,
Distribution, and
Channel Management
•
•
•
•
•
•Front Office
Product Design
Underwriting New
Policies
•
•
•
•
•
Policy Acquisition and
Servicing
•
•
•
•
•
Policy
Administration
Claims Servicing and
Payout
•
•
•
•
•Claims
Management
9
PRODUCT
DESIGN
Pentation
Analytics
Getsafe
massUp Zebra
Cape Analytics Health IQ
Proformex Clark
FRONTOFFICE
UNDERWRITING
POLICY
ACQUISITION&
SERVICING
CLAIMS
SERVICING&
PAYOUT
Shift Technology ONE
Enablers, Distributors Full Carriers
Augmentative innovators
Disruptive innovators
10
Insurtech categories and classifications
11
Insurtech Categories and Classifications — Examples
Insurtech
Firm Type
Product/Services Offered Example
12
CAGR
(2014-2018)
869
2,688
1,682
2,212
4,100
Insurtech Annual Finding (US$ million), global, 2014-18
47.4%
Insurtech startups – company profiles
Name
Country
Founded
Website
Funding Stage
Total Funding
Investors
Insurance Sector
13
Name
Country
Founded
Website
Funding Stage
Total Funding
Investors
Insurance Sector
Name
Country
Founded
Website
Funding Stage
Total Funding
Investors
Insurance Sector
Name
Country
Founded
Website
Funding Stage
Total Funding
Investors
Insurance Sector
14
Industry adoption
Market strength
Transitory Necessary
Experimental Threatening
NExTTFRAMEWORK
Necessary
Smartphone usage-based insurance (UBI):
15
Geospatial analytics:
Virtual auto claims
Robotics process automation (RPA):
Experimental
Embedded home insurance:
Cyber risk analytics
16
Commercial data augmentation
Commercial auto telematics
Commercial data automation
Smart home sensors:
Threatening
Transitory
Conversational AI:
Insurtech-as-a-service
17
•
•
•
•
•
•
18

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MindWorks Ventures: Global Insurance Report 2019