Techstars Insurtech Digest - Issue #79 is out 🔎 Solving the insurtech puzzle, Amazon to offer insurance to UK businesses and more

There are vast, unique and valuable ideas circling the market which are digitally transforming the industry and bringing the (re)insurance sector into the future. This article examines the recent explosion in technology and access to data that has resulted in the emergence of the insurtech market.

In the future, we expect insurance to be transformed significantly over the next decade amid changes in society, demographics and customer demand. In this whitepaper we seek to explore what insurers need to prepare for in response to these changes and offer a roadmap for IT planning and development in large insurance markets such as Japan.

In just a few years, Hedvig, a licensed full stack insurance carrier, has become a kind of a cult brand among the younger generation in the Nordics. 40% of Hedvig’s policy growth is currently organic and predominantly attributed to word-of-mouth, thanks to the company’s reputation for stellar service and ultra-fast claims handling.