THE BRIEF
“ ALLOWING POLICYHOLDERS TO CAPTURE REAL-TIME DATA OF AN ACCIDENT USING MOBILE DEVICES AND SENDING THEM ACROSS TO THE INSURER OVER THE CLOUD ”
BY THE NUMBERS
We asked you : What do you think of the new FCA pricing regulations ?
ASHISH DESHMUKH Head of Banking and Financial Services , Newgen Software �
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46 % Necessary
42 % Bad
“ COLOCATION CAN BE AN ATTRACTIVE SOLUTION ; PROVIDING THE EXTRA CAPACITY REQUIRED , WHILE ALSO ENABLING INSURTECHS TO BENEFIT FROM FAST , SECURE AND DIRECT CONNECTIONS TO CLOUD SERVICE PROVIDERS ”
MARK WHITE Senior Manager – Financial Markets and Fintech , Telehouse Europe �
13 % Good
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“ THROUGH THE RICH INTEL PROVIDED BY SOCIAL MEDIA AND TELEMATICS , INSURERS ARE ABLE TO BUILD 360-DEGREE VIEWS OF CONSUMERS AND USE REAL- TIME MONITORING TO TRACK THEIR HABITS ”
LORENZO GRAFF CEO and Co-Founder , Bsurance �
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VCS TO BACK INSURTECH IN 2022 Global VC investment in insurtech grew from US $ 1.8bn in 2016 to US $ 10.5bn in the first three quarters of 2021 alone , so 2022 will be a big year for the space
INSURTECH RECORD GROWTH The Insurtech market is estimated to grow by US $ 33.73bn from 2020 to 2025 , and the market ' s growth is anticipated to accelerate at a CAGR of 45.29 %
EMBEDDED INSURANCE BOOM The growing use of API and automation software , compounded by the availability of open consumer data , shows that embedded insurance products will become imperative to the insurance industry
14 March 2022