The document is a comprehensive guide to insurtech, detailing the transformation of the insurance industry through technology and startups. It highlights the rapid growth of insurtech companies, the threats they pose to traditional insurers, and the need for these incumbents to adapt. The guide also covers the business models, commercial drivers, and competitive landscape shaped by insurtech innovations.

2. InsurTech
InsurTech: A comprehensive guide
Asser El-Fouly
A senior telecoms executive and
technology professional

3. Asser El-Fouly
Senior Technology Executive
• 20 Years of versatile experience in
telecoms as an executive in the top
mobile operator worldwide
• A rich profile in technology spanning
technology operation and support as
well as business strategy
• Managed complex projects worth 100+
mEGP in different countries and variant
technology domains
• Graduate Degrees in
Electrical/Telecommunications
Engineering from Alexandria University –
Egypt & MBA from Maastricht school of
management-The Netherlands

4. • Introduction to InsurTech
• Overview on the insurance industry and its
digitization efforts
• Categories of InsurTech companies
• Insurtech Technology Enablers
• Insurtech Business model and key
commercial drivers
• The future of InsurTech
Topics

5. Prerequisites
• Basic or no prior Knowledge of the insurance
industry
• An interest in learning how Insurtech is shaping
the competitive landscape in the insurance
sector
• An interest in learning how to adopt new
technologies and methodologies in step-by-
step fashion

6. The objective of this course is to Acquire a full understanding of the InsurTech
landscape, its trends, technologies and business model and commercial drivers
MODULE 1

7. • What is InsurTech and what is the insurance market
landscape
Lesson 1:
Introduction to Insurtech 7

8. • For a long period, the insurance industry was left uninterrupted from the biggest
start up movements that transformed other businesses  this is not the case
anymore
• Over the course of the last 3 years , the number of startups in the insurance industry
has increased dramatically so that 90% of insurers say they fear to lose business as
investment in InsurTech increased 5 times .
Insurtech and its market landscape
Introduction to Insurtech 8
• In this lesson we’ll cover :
o Why insurance companies face threat from smaller startups
o How technology is transforming this heavily regulated data
driven industry
o Which InsurTech companies in particular are the major
disruptors

9. • This introduction would be a brief
focused look on how Insurtechs are
changing the north American insurance
sector.
• We’ve seen it many times in corporates
life cycle  how large companies are
displaced with smaller more nimble
startups that managed to address
unmet needs in the market
What is Insurtech and why is the insurance industry so
alerted
Introduction to Insurtech 9

10. Five stores that are getting destroyed by Amazon
Common headlines during the past decade

11. Insurance sector worried as InsurTech startups
cosy up to customers
Today's headlines

12. • The circumstances that paved the way for Insurtechs was that
the insurance companies were big, slow and too systemized to
adapt.
• Gartner, one of the worlds leading research firms reported that
88% of insurance business leaders consider that their
organizations are digitally beginners or intermediate.
Insurtech origins
Introduction to Insurtech 12
• So the scene is a slow moving incumbents
on one side and a fast moving, tech-driven
startups on the other side.

13. • Over the past 3 years, more than $3 Billion has been poured in the Insurtech startups.
• This influx of capital and startup talent has created even more competition threatening the
old largest incumbent insurance companies.
• Collectively, we call this startup talent “InsurTech.” As you may have guessed, “InsurTech” is
shorthand for “Insurance Tech.”
Insurtech origins
Introduction to Insurtech 13
• Simply :
o InsurTech is a new tradename for a growing
class of apps, software, and startups that have
reinvented a tired and lackluster insurance
industry
• Also can be defined as
o A set of innovative business models, platforms
that bring in a new customer experience by
applying innovative technologies in the
insurance world

14. • Insurtech investment has been
mounting since 2014
approaching 1.3 Billion in 2016
• According to Gartner, 2/3 of
insurance companies made
some sort of investment in
insurtech and are expected to
make a considerable
investment by end of 2018
Insurtech status
Introduction to Insurtech 14

15. • 5 competitive factors are the most significant factors impacting the insurance
sector as a whole :
Insurtech Dynamics
Introduction to Insurtech 15
Incumbent carriers are feeling the heat from more nimble, tech-focused startups
Legislation simply cannot keep pace, leaving startups to quickly fill the gaps
Big data continues to confound traditional insurers, empower new entrants
New entrants are joining forces to solve the cyber security puzzle
Traditional insurers, in an effort to close the gap, continue to gobble up talent
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