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You'll have heard about fintechs disrupting the financial services industry. Well, insurance has a name for its disrupters too - say hello to insurtech.
"Nobody likes insurance."
We disagree. New entrants are using technology to build richer, contextual insurance products to better serve customers in brilliant and innovative ways, making insurtech one of the most fascinating and fastest growing industries on the planet.
Analysts predict that the insurtech industry will be worth $119bn by 2027.
11:FS Ventures Director, Insurance, John Bean explains what insurtech actually is, how it works, the problems it's solving and the size of the opportunity to businesses.
Want to learn more about insurtech? Check out our Insurtech Insider podcast: smarturl.it/insurtechinsider
On 11:FS Explores we explain FS without the BS. Make sure you check out the full playlist to learn more about topics such as Open Banking, crypto, BaaS and loads more.
#Insurtech #Insurance #Fintech
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