Source
Type
course
Created on
August 29 2021
Source
Module 1: InsurTech
- According to some recent calibrations, Gross Written Premium stood at an almost $5 trillion at the end of 2017. Gross Written Premium is essentially the amount of insurance written not including commissions and some costs. That premier is growing fastest in emerging markets.
- Another way to interpret this is that outside disruption was putting pressure, and has been putting pressure, on insurance incumbents. And insurance incumbents, by acquisition or by direct investment, have now joined the party.
- Executives at BIMA tell us that one major component that their offering is educating customers on how life insurance works, because many of them had simply never been exposed to it and faced a trust gap. Because they've never been exposed, they didn't think it worked. They needed to be shown by example.
- We also see that they are investing further along the life cycle of the company's target. Only 16 percent of investments were Seed or Angel stage, whereas 29 and 24 percent respectfully were Series A or Series B. It's not that surprising that incumbents are outsourcing technological development. Now, we can see that trend continuing the most recent time period, when 35 percent of targeted investments fell into the Series B classification. This is a pattern that we see in other industries historically where, independent disruptors, those who finance and carry out innovation are brought into the incumbents as the incumbents respond to the disruption.
Module 2: Real Estate Tech
- You could even suggest that firms like Airbnb are really real estate technologies and I wouldn't necessarily disagree with that. They would thus say, I would presume that the disruptive state is now upon us and we'll see much more of that in the present and going forward where there are fundamental shifts in how we conduct ourselves, where, and how we live in where and how we work.
