10 reasons to love your Insurtech startup

10 reasons to love your Insurtech startup

Are you about to invest in an Insurtech startup? Working with one? Or founding one? How do you know if you're likely to be successful (= make money?)

We are still in the hype stage of Insurtech startups. There have been no major failures.

But statistically most startups will fail.

So what should we look for to have confidence that the early excitement we feel is supported by evidence that we are in for a long and fruitful relationship?

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Investors at Instech London - Angels Den

Investors at Instech London - Angels Den

In my last post, "Where money meets Insurtech. How our startups are being funded", I explained how on 20 March we’d turned the tables at the Instech London events and invited some professional investors to make their pitch to our 200 strong audience in the Steelyard, almost half from the startup or innovation world. I provided some background context to the options for raising early stage funds and introduced our nine investors. Over the next couple of weeks there will be a chance to hear what the investors had to say, and how they fit into the overall investment scene.

Where money meets Insurtech. How our startups are being funded.

Where money meets Insurtech. How our startups are being funded.

Our members have heard from over forty startups at our Instech London evenings in the last couple of years but we haven't talked much about funding. So for the most recent on the 20 March we turned the tables and invited a selection of nine professional leading Insurtech investors to give their pitch to the audience about what they could offer to startups, and lessons for other investors.

What next in cyber analytics for insurers?

What next in cyber analytics for insurers?

You can’t touch, feel or see it but one thing that is certain is cyber risk for insurers is increasing in scale and complexity. It’s also one of the few areas offering premium growth, and potentially high returns so it was no surprise that there were a lot more suits in the audience at the Cyber Analytics Instech London meetup on 20 February

Man and machine: how Palantir is winning in the analytics wars

Man and machine: how Palantir is winning in the analytics wars

These days building great technology on it's own is not enough. One of possibly the most successful analytics companies in recent years has taken lessons from the world of chess to create a winning combination of analyst and technology. Whilst not every start up can expect to be valued at close to $20bn, or establish $100m contracts with it's clients, there are lessons to be learnt from how Palantir uses it's "forward deployed engineers".

The data monster coming over the hill in 2018

The data monster coming over the hill in 2018

Data breaches are becoming increasingly common place, but to date fines have been relatively minor. The Global Data Protection Regulations which come into force in 2018 may well change this, with significantly greater penalties for misuse of data, whether intentional or just careless. The cap on fines has been raised and individual's are being given far great rights. This could create a major challenge, but also opportunity for cyber insurers.

House fires have halved in last 20 years, but rate of fatalities has stayed the same

House fires have halved in last 20 years, but rate of fatalities has stayed the same

Despite all the technical advances that have lead to major reductions in house fires, once these do occur the likelihood of someone dying in a fire is the same as it was 20 years ago. This article explores why this is, and suggests that the answer to creating a greater awareness of the risks of fire may be as much about how good the technology looks, as it is about what it does