My Insurtech Notes-AMA

46 Pages·2017·5.9 MB·English

My Insurtech Notes
Made with for AMA
Shefi Ben-Hutta
Coverager
Jan. 25, 2018
My Insurtech Notes
I. Definition
II. Why insurtech?
III. What’s happening?
IV. Macro Level
V. Two Truths & One Lie
VI. Observations
VII. The Case for Microinsurance
2
AMA Risk & Insurance Council
I. What is Insurtech?
= a mindset, an approach,
a way of dealing with something.
…& most battles are won in the mind.
3
AMA Risk & Insurance Council
II. Why Insurtech?
…because perception is king (ppl. hate insurance)
AND there’s no monopoly on insurance
4
AMA Risk & Insurance Council
II. Why Insurtech?
1. Many Players, Few Leaders
5
AMA Risk & Insurance Council
II. Why Insurtech?
2. Old Industry
73
The Average of insurers in the US is years-old.
Based on a sample of 237 insurers.
71
In Europe… .
Based on a sample of 150 insurers.
6
AMA Risk & Insurance Council
II. Why Insurtech?
3. Heightened Interest from Investors
7
AMA Risk & Insurance Council
II. Why Insurtech?
3. Heightened Interest from Investors, con’t
8
AMA Risk & Insurance Council
III. What is happening?
1. New Entrants
9
AMA Risk & Insurance Council
III. What is happening?
2. Innovation Across the Value Chain
10