Lloyd’s Lab announced the companies that join its ninth cohort in its ten-week program, from over 120 applications received. The selected teams won the adulation of an expert panel when presenting their ideas for insurance products and solutions for natural catastrophes, energy and construction. The selected solutions were geared towards new products that help the…
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Workers’ compensation (WC) claims can significantly dent a business’s productivity and margins. Out-of-work employees coerce company leaders to manage with inadequate workforces while training replacement staff and augmenting employee safety. The average cost for a WC claim is $41,003. A leading WC risk is ergonomics-based incidents, including manual material handling and repetitive upper extremity movements…
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Despite a challenging backdrop, large commercial (re)insurers realized approximately $200 billion in top-line growth over the last decade. The scale of growth provides optimism for this decade. Some estimates put top-line growth of up to $600 billion by 2030 through new customers (particularly in fast growth markets), a hardening market, well-targeted technology investments, strategic partnerships,…
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With a market cap of $2 billion, Lemonade had traded at about eight times its annual sales. Most traditional insurers, like Allstate and Travelers, trade at around one multiple of the year’s sales. The price-to-sales ratio for Lemonade is seemingly reasonable relative to its growth expectations. Since it went public a couple of years ago,…
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In Europe alone, marketplaces were worth a combined €685B. Fintech-enabled marketplaces have enterprise value/sales of 6.7x, compared to 5.3x and 4.6x for other marketplaces and financial services, respectively. Online marketplace sales accounted for a fifth of all consumer spending. Pairing financial services with online marketplaces is known to create outsized returns. Online marketplaces are now…
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This is my hundredth post since I started publishing on dailyfintech. And what better way to endorse the thriving insurtech space than to take a closer look at the top 100 globally that have raised capital, accelerated growth and impacted the digital transformation of the insurance industry. In sifting through various available top 100 lists…
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Last few months have seen private market investors pouring capital into promising insurtech startups, while the public markets sent the value of recently public insurtech companies lower and lower. The decline in the value of public insurtech unicorns has been an oft-repeating theme. Contrarily, global insurtech venture activity has been hitting new highs. In 2021,…
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Data ingestion from cars is gaining importance beyond shared mobility, where it was always recognized as significant. Fleet operators for car subscription companies, rentals, and commercial-fleets are leveraging data to reduce costs, increase revenues, and improve clients’ experience. They pull data from OEM telematics units found in most new cars, making vehicles digital-ready seamlessly. OEMs…
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