The insurance industry is undergoing transformative change in the digital age. At the Digital Finance World 2019 in Frankfurt we discussed how InsurTech startups are revolutionizing the sector with innovative ideas and customer-focused solutions.

Most insurance companies have recognized the value of collaborating with InsurTech startups. However, from the perspective of incumbents, the sheer number of startups can be overwhelming—at first glance, they all seem alike. The real challenge lies in distinguishing genuine InsurTech innovators from those merely riding the digitalization wave. How can insurers identify true InsurTech pioneers and avoid wasting resources on pretenders?

The insurance industry is facing unprecedented challenges. Declining premiums, shrinking profits, and eroding policyholder satisfaction signal the urgent need for change. While digitalization offers incremental improvements, it is InsurTech that holds the key to true transformation. Understanding the difference is critical—don’t confuse the two.

The insurance industry is home to over 1,000 startups seeking capital. Yet, many InsurTech startups aren’t aware of the different types of capital required to not just survive but thrive. So, what types of capital are essential for their success? Let’s break it down.

Discover how insurers can revolutionize their business through strategic partnerships with innovative InsurTech startups. This comprehensive guide provides three proven steps to unlock the full potential. Including insights from Baloise Group's successful innovation journey. Held at the Connected Insurance Europe 2019 in Amsterdam.

Let’s face it – motor insurance isn’t exactly the most thrilling topic. Moreover, the similarity of insurance products often sparks a price war among competitors, leading to diminishing customer loyalty and rising acquisition costs. But in today’s world, where consumers crave personalized and memorable experiences, even motor insurance can be transformed into something exciting.

New startups are reshaping the insurance industry. InsurTechs tackle pain points with tech-driven solutions, some incrementally, others with bold moves. Drawing on insights from my chapter in The InsurTechBook, I’ll examine what the key differences are, and wich ones have the potential to deeply change the industry.