Insurtech is in the crossroads of technology and the traditional insurance industry. The insurtech sector has seen significant growth in recent years, with global investment in insurtech startups reaching $14.5 billion in 2020.
Most important categories in Insurtech
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Embedded Insurance: Embedded insurance refers to the integration of insurance products into other products and services. Some of the biggest players in this category include Trov (USA), Hippo (USA), and Lemonade (USA).
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Insurance Management: Technology companies in this category provide solutions for managing insurance policies and claims. Some of the biggest startups in this category include PolicyPal (Singapore), Akur8 (USA), and Everledger (UK).
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Insurtech for Health: Companies in this category focus on providing technology-driven solutions for the health insurance industry. Some of the biggest startups include Oscar Health (USA), Alan (France), and Cigna (USA).
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Insurtech for P&C: Technology companies in this category provide solutions for property and casualty insurance. Some of the biggest startups include Metromile (USA), Hippo (USA), and Lemonade (USA).
Insurtech investors
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Accel: Accel is a venture capital firm that invests in technology startups, including insurtech. The firm has a portfolio of over 200 companies and is known for its focus on early-stage investments.
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Alibaba Group: Alibaba Group is a multinational conglomerate that invests in a wide range of technology startups, including insurtech. The firm has a portfolio of over 100 companies and is known for its strong presence in the Asian market.
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Khosla Ventures: Khosla Ventures is a venture capital firm that invests in technology startups, including insurtech. The firm has a portfolio of over 50 companies and is known for its focus on innovation in the energy and technology sectors.
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Lux Capital: Lux Capital is a venture capital firm that invests in technology startups, with a focus on insurtech. The firm has a portfolio of over 50 companies and is known for its focus on science and technology innovation.