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What Are InsurTech Startups? by Karl Heinz Passler

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Over 1,000 InsurTech startups are leading the overdue change in the insurance industry. Insurance innovators within the established risk carriers are actively working to continue what entrepreneurs and their investors have begun. But to have an even greater impact on the insurance industry, we need more decision makers and people who understand what InsurTech startups are about. So what exactly are InsurTech startups?

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What Are InsurTech Startups? by Karl Heinz Passler

  1. 1. http://karlheinzpassler.com© 2019 All Rights Reserved, by Karl Heinz Passler WHAT ARE INSURTECH STARTUPS? http://karlheinzpassler.com© March 2019 All Rights Reserved by Karl Heinz Passler
  2. 2. http://karlheinzpassler.com© 2019 All Rights Reserved by Karl Heinz Passler Karl Heinz Passler • Startup Scout & Product Manager • Top 10 Global InsurTech Influencer • Co-Author of The InsurTECH Book >> karlheinzpassler.com InsurTech ThoughtLeader ©2019AllRightsReservedbyKarlHeinzPassler Stay up to date, sign up to the mailing list:
  3. 3. http://karlheinzpassler.com© 2019 All Rights Reserved by Karl Heinz Passler This Is For Insurance Innovators Scouts, Mentors and Coaches • In traditional insurance corporations • In Accelerators and Incubators Investors and Analysts • Engaging with InsurTech Startups Entrepreneurs • Changing the status of insurance ©2019AllRightsReservedbyKarlHeinzPassler
  4. 4. http://karlheinzpassler.com© 2019 All Rights Reserved, by Karl Heinz Passler WHAT ARE INSURTECH STARTUPS? http://karlheinzpassler.com© 2019 All Rights Reserved by Karl Heinz Passler Hint: Merge InsurTech and startups.
  5. 5. http://karlheinzpassler.com© 2019 All Rights Reserved by Karl Heinz Passler Let Us Beginn with Characterizing InsurTech
  6. 6. http://karlheinzpassler.com© 2019 All Rights Reserved by Karl Heinz Passler InsurTech is the intersection of two distinct domains Insur Tech Traditional Insurance Innovation & Technology
  7. 7. http://karlheinzpassler.com© 2019 All Rights Reserved by Karl Heinz Passler 1st Domain Traditional Insurance Insur Tech Traditional Insurance Innovation & Technology
  8. 8. http://karlheinzpassler.com© 2019 All Rights Reserved by Karl Heinz Passler Insur Tech Traditional Insurance Innovation & Technology
  9. 9. http://karlheinzpassler.com© 2019 All Rights Reserved by Karl Heinz Passler 2nd Domain Innovation & Technology Insur Tech Traditional Insurance Innovation & Technology
  10. 10. http://karlheinzpassler.com© 2019 All Rights Reserved by Karl Heinz Passler Insur Tech Traditional Insurance Innovation & Technology
  11. 11. http://karlheinzpassler.com© 2019 All Rights Reserved by Karl Heinz Passler InsurTech is what happens at the intersection of traditional insurance and business innovation paired with new technology. Insur Tech Traditional Insurance Innovation & Technology
  12. 12. http://karlheinzpassler.com© 2019 All Rights Reserved by Karl Heinz Passler Let Us Add a 3rd Domain Scalable Startups
  13. 13. http://karlheinzpassler.com© 2019 All Rights Reserved by Karl Heinz Passler Traditional Insurance Innovation & Technology Scalable Startups Let Us Add a 3rd Domain Scalable Startups
  14. 14. http://karlheinzpassler.com© 2019 All Rights Reserved by Karl Heinz Passler A Startup is a • new venture • satisfy a market need • with new offering • most likely to fail Traditional Insurance Innovation & Technology Scalable Startups
  15. 15. http://karlheinzpassler.com© 2019 All Rights Reserved by Karl Heinz Passler Scalable Startups • grow customer base • grow operations • grow profits Traditional Insurance Innovation & Technology Scalable Startups
  16. 16. http://karlheinzpassler.com© 2019 All Rights Reserved by Karl Heinz Passler Traditional Insurance Innovation & Technology Scalable Startups
  17. 17. http://karlheinzpassler.com© 2019 All Rights Reserved by Karl Heinz Passler InsurTech Startups Traditional Insurance Innovation & Technology Scalable Startups Insurtech Startups Are the Result When Three Business Areas Converge • Traditional insurance practice • Business innovation & new technologies • Scalable startups
  18. 18. http://karlheinzpassler.com© 2019 All Rights Reserved by Karl Heinz Passler Examples of InsurTech Startups Feel free to share this quote by Karl Heinz Passler InsurTech Startups Traditional Insurance Innovation & Technology Scalable Startups
  19. 19. http://karlheinzpassler.com© 2019 All Rights Reserved by Karl Heinz Passler Karl Heinz Passler Thank you. Stay up to date and sign up to the mailing list: ©2019AllRightsReservedbyKarlHeinzPassler InsurTech ThoughtLeader >> karlheinzpassler.com

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