InsurTech promise for microinsurance – rising to the regulatory challenge

Digital technologies are rapidly changing the insurance landscape worldwide. In Africa currently, mobile insurance is prevalent, but other digital technologies are on the rise too,  helping to provide a large number of households with coverage for the very first time.

Microinsurance is InsurTech and there is more to come

For many years the FinTech buzz was primarily focused on banking. Last year that all changed when 2015 was labelled the year of InsurTech. Last year InsurTech start-up funding exceeded $2.5 billion. This trend continued in the first quarter of 2016, with 45 InsurTech deals generating over $650 million, according to CB Insights data. 
 
It’s hard to say exactly how many InsurTech companies exist today, but some trackers report well over 500. This includes innovations ranging from product development to distribution to claims, and everything in between.

Unicorns, zombie insurers and microinsurance: A bright new future awaits

“Zombie banks, #blockchain, #fintech, #financialinclusion & singularity uni. All happening at Davos” is what I tweeted as commentary on a BizNews.com interview with Stephen van Coller, CEO of Barclays Capital, at the recent World Economic Forum in Davos, Switzerland.

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