Understanding the Impact of Inflation on Insurers, Healthcare costs and Real Estate Trends Insurers face a perplexing challenge when forecasting the future – navigating the impact of inflation. Fulfilling the promise of rebuilding lives after a crisis hinges on understanding the cost of repairs. While many keep a watchful eye on the Consumer Price Index […]
Substantial analysis has been done on the timeline and actions that crashed Silicon Valley Bank (SVB). So we will skip the timeline and share our takeaway for insurers. First, Banking 101 – Banks safeguard customer money. Most money is held as demand deposits able to be withdrawn at any time. Banks leverage customer deposits to […]
InsurTech NY News: Is a Super Bowl Ad worth it? Subscribe to receive the InsurTech NY Newsletter monthly The Super Bowl is an excellent time for family and friends to bond over sports or maybe just an excuse to consume excessive amounts of snacks and yell at the TV (you choose). Beyond personal experience, it […]
In this issue of the InsurTech NY Newsletter (Insurance Southwest Moment? How to avoid it): Will Insurance Have its Southwest Moment? Read our Spotlight on the CEO and Presidents Panel at InsurTech Spring See upcoming InsurTech Community Events and Programs Follow the latest InsurTech East Coast Deals See open roles in the industry Subscribe to […]
InsurTech NY News: What Skyrocketing Loss Ratios Means for Collaboration in Insurance? In this issue of the InsurTech NY Newsletter (What Skyrocketing Loss Ratios Means for Collaboration in Insurance): How can you combat the macro trend of losses for your business? Read our Spotlight on the CEO and Presidents Panel at InsurTech Spring See upcoming InsurTech […]
InsurTech NY News: Top InsurTechs Rankings and Demo Day In this issue of the InsurTech NY Newsletter (Top InsurTechs Rankings and Demo Day): Read about some of the Top InsurTech companies and how to find the right partner among them See upcoming InsurTech Community Events and Programs Follow the latest InsurTech East Coast Deals See open […]
InsurTech NY News: The Start of our MGA Lab & ITC Highlights In this issue of the InsurTech NY Newsletter (The Start of our MGA Lab & ITC Highlights): Read about how to start an MGA Spotlight: the best of the Blues Bash Happy Hour at ITC Vegas See upcoming InsurTech Community Events and Programs […]
This article was originally published August 2022. For up to date industry information, including further on Startup carrier insurtech companies, click here. What’s the difference between a startup and a startup carrier? Simply put: distribution. Many people remark on the rapid growth of the InsurTech used-to-be Unicorns. And, they attribute that growth to being […]
Recent press on Digital MGAs has soured the mood for Venture Capitalists outside of the industry. Everyone is concerned about how the public markets will impact earlier stage funding rounds and the viability of the next crop of Digital MGAs. But the full story remains unwritten. “It is not in the stars to hold our […]
Talk of the town has been that the dynamics between venture capital and founders is changing. Gone are the days of grow premium at all costs. Now that actuarial science has caught up with high flying InsurTech IPOs, everyone is uncertain. Will startups be able to hit their milestones? Will VCs have enough capital to […]
For years, the promise of AI and intelligent automation solutions in Insurance has been just that – a promise with only select practical, material applications to point to. There were many interesting early applications, though some felt a bit like the “Not a Hot Dog” scene from Silicon Valley. Great concept, but limiting in how […]
With InsurTech funding reaching a new record in 2021, $15.4B (CB Insights), the sources of investment have diversified. One of the most important source so far is corporate venture capital (CVC) from insurers. Carriers have been LPs in venture funds since the inception of venture, but now there are more than 40 active CVCs. For […]
This article was release March, 2022. For more information on this year’s global insurtech competition, click here. On March 7th we asked a simple question: should insurers prioritize customer-first or digital-first initiatives? 650+ conference attendees joined us full day to discuss. Here is what our keynote speaker, Tom Troy, had to say: “I would have […]
Everyone always says our industry is a relationship business, and that means building a community is critical to your growth individually and for your business. But what does community really mean? For InsurTech NY, we think about community as the networks we build together, with colleagues and peers across and around the industry, to support […]
2021 InsurTech funding grew with a vengeance over 2020 levels, with more funding raised by Q2 than in the full prior year. One reading the data might assume finding capital got easier than ever. But digging deeper into the numbers, we see that a large proportion of that funding was in later-stage rounds for larger […]