Top Insurtech Trends 2017

1. Angel Gutiérrez Borjabad
Head of everis NEXT
Visión Global del
Panorama INSURTECH

2. Two main strategic innovation challenges
ACCELERATE
INNOVATION
UNDERSTAND
STATE OF THE ART
C-LEVEL
BUY-IN

3. Analyzing & Tracking Global Innovation Ecosystem
"everis has created the biggest B2B ICT startup database in the world“
Salim Ismail© Copyright 2016 - everis
4k
236k
27k
Jun
2014
Jan
2014
Oct
2014
1M
Jan
2016
500k
Jan
2015
Apr
2016
1.5M

6. Axa Opensurance - “El Insurtech en cifras”

7. One of the most unique attributes of InsurTech is its
ability to harness technology from other industries

9. Investment Boom in Insurtech
Blockchain
$993M
AI
$6,5B
Drones + VR
$3.2B
Insurtech
$4.2B
Source: everis.NEXT.com
Funding
2014 – Q2 2016
Fintech
$24B
Total VC-Backed
$302B

10. Insurtech deals from 2010 to the present
75%
2%
1%
14%
8%
Source: everis.NEXT.com

11. Insurtech US deals from 2015 to 2016
Silicon
Valley
36%
Boston
12%
New York
20%
Source: everis.NEXT.com

12. Insurtech Exits: IPO or M&A (2010-2016)
SquareTrade
$1,400M
The Climate
Corporation
$1,100M
EagelView
$650M
Extend
Health
$435M
Liazon
$215M
Quinstreet
$674M
Guidewire
$636M
iSelect
$452M
Trupanion
$266M
Connecture
$167M
M&A
$3,8 Billion
IPO
$2,2 Billion
Source: everis.NEXT.com

13. 2016
Insurtech
mega-rounds
activity

14. $727.5M in 6 Rounds from 17 Investors
$400M, Feb 2016

15. $295M in 4 Rounds from 16 Investors
$160M, May 2016

16. $80M in 1 Round from 6 Investors
$80M, April 2016

17. $205.5M in 6 Rounds from 9 Investors
$50M, Sep 2016

18. $40M, Sep 2016
$40M in 1 Round from 3 Investors

19. $33.5M in 2 Rounds from 9 Investors
$28M, Sep 2016

21. Accelerator & Seed
Venture Capital
and
Private Equity
Alternative Investors
Corporate
Venture Capital
Investor Ecosystem & Accelerators. Abundance

23. Vertical Specific Corporate VCs
AIG
Allianz
American Family Ventures
American International
Group
Aviva
AXA Strategic Ventures
China Life Insurance
ERGO
Generali
GSK Venture Fund
Hartford
MassMutual Ventures
Munich RE
New York Life Insurance
Northwestern Mutual Capital
Novartis
Ping An Ventures
Rider Insurance
Swiss Re VC
Transamerica Ventures
Travelers
USAA
XL Catlin- XL Innovative
Zurich Venture Capital
Source: everis.NEXT.com

24. Tech Giants Analysis
Source: everis.NEXT.com

25. Zhong An - $8B valuation. Founded in 2013

26. Alphabet´s Investments in Insurtech
Offering homeowners and
renters insurance powered
by artificial intelligence and
behavioral economics.
Google Venture
participated in a $34M
Series B
December 2016
Provides an employer-
sponsored health
insurance platform.
Google Venture led a
$81M funding round
October 2015
A health insurance
company that employs
technology, design, and
data to humanize health
care.
Google Capital made a
$32.5M investment.
September 2015
A comprehensive HR,
payroll, and benefits
service enabling
businesses to set up and
run payroll from any web-
enabled device.
Google Capital made a
$60M investment
September 2015
Provides an automated
crop insurance program
for farmers based on
actual versus expected
weather data.
Google Venture made a
$42M Series B
February 2011
Acquired by Monsanto in
2013.
Gusto
(ZenPayroll)
Source: everis.NEXT.com

31. © Copyright 2016 - everis

32. © Copyright 2016 - everis

33. TOP 4
INSURTECH
TRENDS
2017

34. TOP 4
INSURTECH
TRENDS
2017
Collaboration
Between Legacy
Firms and
Insurtech
Emergence of
Blockchain as a
Key Driver
Micro-Insurance
to Handle
Usage-Based
Needs
New Devices and
Channels
1 2
3 4
© Copyright 2016 - everis

35. TOP 4
INSURTECH
TRENDS
2017
Collaboration
Between Legacy
Firms and
Insurtech
Emergence of
Blockchain as a
Key Driver
Micro-Insurance
to Handle
Usage-Based
Needs
New Devices and
Channels
1 2
3 4
© Copyright 2016 - everis

40. TOP 4
INSURTECH
TRENDS
2017
Collaboration
Between Legacy
Firms and
Insurtech
Emergence of
Blockchain as a
Key Driver
Micro-Insurance
to Handle
Usage-Based
Needs
New Devices and
Channels
1 2
3 4
© Copyright 2016 - everis

41. Total Global Funding now tops $1,5 Billion
$93M
2009-2013
$1,416M
2014 –2016
Blockchain/Bitcoin startups
Source: everis.NEXT.com

42. Smart Investors: bets & follow-ons
Source: everis.NEXT.com

43. September 15, 2015:
 Barclays
 BBVA
 Commonwealth Bank
 Credit Suisse
 Goldman Sachs
 J.P. Morgan
 Royal Bank of Scotland
 State Street
 UBS.
September 29, 2015:
 Bank of America
 BNY Mellon
 Citi
 Commerzbank
 Deutsche Bank
 HSBC
 Mitsubishi Financial Group
 Morgan Stanley
 National Australia Bank
 Royal Bank of Canada
 Skandinaviska Banken
 Société Générale
 Toronto-Dominion Bank
October 28, 2015:
 Mizuho Bank
 Nordea
 UniCredit.
November 19, 2015:
 BNP Paribas
 Wells Fargo
 ING
 Macquarie Group
 Canadian Imperial Bank
December 17, 2015:
 BMO Financial Group
 Danske Bank
 Intesa Sanpaolo
 Natixis
 Nomura
 Northern Trust
 OP Financial Group
 Banco Santander
 Scotiabank
 Sumitomo Mitsui
 U.S. Bancorp
 Westpac Banking
+40 of the world´s leading banks
+13 +12+5+3+9

44. open source project

45. Blockchain Insurance Industry Initiative
B3i

47. TOP 4
INSURTECH
TRENDS
2017
Collaboration
Between Legacy
Firms and
Insurtech
Emergence of
Blockchain as a
Key Driver
Micro-Insurance
to Handle
Usage-Based
Needs
New Devices and
Channels
1 2
3 4
© Copyright 2016 - everis

49. an Uber killer…… an AirB&B killer
Reinventing the sharing economy by combining the power of blockchain,
open-source development, platform cooperativism, and a decentralized
‘swarm’ organizational model open to all.
Christopher David

50. TOP 4
INSURTECH
TRENDS
2017
Collaboration
Between Legacy
Firms and
Insurtech
Emergence of
Blockchain as a
Key Driver
Micro-Insurance
to Handle
Usage-Based
Needs
New Devices and
Channels
1 2
3 4
© Copyright 2016 - everis

53. © Copyright 2016 - everis

54. TOP 4
INSURTECH
TRENDS
2017
Collaboration
Between Legacy
Firms and
Insurtech
Emergence of
Blockchain as a
Key Driver
Micro-Insurance
to Handle
Usage-Based
Needs
New Devices and
Channels
1 2
3 4
© Copyright 2016 - everis

55. It definitely
looks like
2017 will be the year
of INSURTECH!