Investing in InsurTech – Fad or Long-term Value
<Recap From The Event>
We hosted close to 100 people for a Sold Out panel on Investing in InsurTech on August 22. Influencers from Carriers/Brokers such as AXA, AIG, Swiss Re, Munich Re and InsurTech startups such as Black Bear Life, Livegenic, and Promptous and investors from Tribeca Capital, Guardian Life and KiwiTech attended the event from the greater NY region and beyond.
Video and pictures from the event below:
Video: Panel on Youtube
Photos: Flickr Event Album
Until 2016, InsurTech was not on the map. That trend quickly changed as investments in InsurTech and enabling insurance startups raised over $2.7B in 2017 (FinTech Global). While this number pales in comparison to the almost $40B invested in FinTech in 2017 (FinTech Global), it shows there is a large amount of activity. Global insurers and reinsurers are waking up to a changing world and a changing demographic where the value of their data and the stores of their capital are no longer a differentiator. The rise of millennial insurance buyers and digital economy is forcing insurers to start transformations, buy new technologies, or bet on their future with some InsurTech investments. This panel discussion will review the current market for investing in InsurTech. Further, it will discuss whether the change in the attitude towards investing in InsurTech startups just short-term fad or the path forward to evolve the insurance industry fundamentally. Join our panelists from a diverse set of Venture Capital and Insurance-based Corporate Venture Capital groups to discuss the trends and more importantly, the staying power of InsurTech investing.
- 6:00 pm Registration & Networking
- 6:30 pm Panel Discussion
- 7:30 pm Networking & Refershments
Investor responsible for early-stage and M&A deals for SwissRe. Steven has held roles in private equity and investment banking at Citi, J.P. Morgan, and RSC Capital.
Board observer at ACV Auctions and Domio. Former investment banker at Lazard and Ops director at Social Innovation Fund.
Investor responsible for sourcing early-stage technology for Guardian. Adam has held roles in corporate finance and leveraged finance at Houlihan Lokey and CIBC.
Innovator responsible for leading digital transformation and fostering new insurance businesses enabled by next-gen technology and models. Former head of innovation at RGAx and founder of August Era VC Fund.
Startup advisor with a track record helping startups go from Seed Stage to Series A. David leads innovation programs for the Silicon Valley Insurance Accelerator (SVIA) and has mentored and advised more than a dozen InsurTech startups.
About InsurTech NY
InsurTechNY’s mission is to bring together carriers, brokers, startups, and investors to help accelerate digital transformation of the Insurance industry in greater New York region. We do this by facilitating new relationships and sharing insights from influencers within the industry. Please visit our website, www.InsurTechNY.com for more details.