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Insurtech Growth Consulting Services
Insurtechs utilize technology to innovate & transform insurance markets. A majority of the life and health insurtechs do not provide life or health insurance policies themselves; instead, they offer technology solutions that drive growth and efficiency.
Hardware, software and analytics are utilized by insurance carriers, other insurtechs and brokers to support underwriting, advertising, distribution, pricing and claims processing endeavors.
A number of Insurtech companies improve operations. As an example, our client Snapsheet, brings virtual appraisal technology and claim management software to clients around the world.
In a survey by Bain, they found 386 tech providers offering 927 solutions along the insurance value chain. Most of these firms offer marketing and distribution platforms and simplified customer interfaces (60%), and some sell hardware/software for streamlining claims processing (40%). Additionally, about 20% of surveyed companies provide analytics for product development and pricing.
SaaS + Tech Shows
We've learned a lot and are sharing with you insights into how these founders grew their companies - first customers, product development, building teams and so much more.
SaaS Founder ShowFascinating conversations with SaaS founders sharing their challenges, big wins, best moments & insights while scaling their software start-up.
Watch The ShowTech Founder ShowBleeding-edge tech and device founders share their stories of invention, growth and overcoming challenges on the tech founder show.
Watch The ShowInsurtech Resources
After years of growth, the US insurtech market faces a sharp decline in valuations.
The insurtech space is changing fast–here's how to keep pace
The global insurtech market size is predicted to garner a revenue of $57,934.0 million in the 2021–2028 timeframe, growing from $7,841.0 million in 2020, at a healthy CAGR of 29.1%.
Lucky for the carriers, many of the upstarts are actually supporting them, rather than trying to displace them.
One quick call and we'll share our approach - no pressure.
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