Insurance, Insurtech, Startup


Karl Heinz Passler


I am honored to be chosen as a Co-Author of The InsurTECH Book. My contribution ‘What Real InsurTech Startups Do Differently’ is part of the first chapter: What is InsurTech? This fundamental section brings together the expected multiplicity of views and engaging conversations exploring what InsurTech is, for whom, by whom and why.

What Real InsurTech Startups Do

In my article, I ask to not put 1,200+ InsurTech startups into the same basket, but to segment them into “InsurTechs” and “Real InsurTechs”. I see two distinct groups: the first is looking at the industry as it is. These newcomers include startups improving the Customer Experience (CX); those enabling incumbent insurance providers; and those becoming insurance carriers themselves.

The second group is those I consider to be challenging the current underlying assumptions and foundations of the insurance industry. I ask the reader to see “Real InsurTechs” as those avoiding historic data in favor of real-time and AI originated data; those adopting usage-based models; and those linking corporate earnings to settling claims.

These differing yet related and intertwined definitions share a common core in the belief that InsurTech is directly contributing to the reinvention of the way insurance business is imagined, funded, created, and done.

Check the summary of my article at Fintech Circle:

About the InsurTech Book

The INSURTECH Book is the Insurance Technology Handbook for Investors, Entrepreneurs, and FinTech Visionaries. The book is a ground-breaking guide to the disruptions, innovations, and opportunities that technology affords the insurance sector.

Order your Copy today

The INSURTECH Book (ISBN: 9781119362210) is co-edited by Sabine L. B Vanderlinden, Nicole Anderson, Shân M. Millie and Susanne Chishti and is to be published on 11th May 2018, priced £23.99/ US$32.50/ Euro 28.80.

Order here:

Thanks to the Co-Authors and Editors at Wiley

THX Co-Editors Sabine VanderLinden Shân Millie Nicole Anderson, and Editor in Chief Susanne Chishti. You guys are a great team!