InsurTech Amplified’s Post

Ready to launch your P&C insurance startup? Our latest blog post dives into the operational preparedness and technology decisions that new insurers need to make after securing capital and regulatory approval. From selecting a Policy Administration System to designing a seamless claims experience, each step is crucial for building a solid foundation. Check out the 3rd installment of our WaterStreet Startup Series and learn how to navigate technology choices, claims protocols, and more: https://hubs.li/Q02RWxsP0 #InsuranceStartups #Insurtech #PolicyAdministration #ClaimsManagement #WaterStreetSeries #OperationalExcellence

"Companies should fail for the right reasons." "Traditional insurance companies really didn’t understand startups." Navigating the world of startup insurance can be daunting, but it's essential for protecting your company's future. This guide from SVB breaks down the key types of insurance every founder should consider, ensuring you’re covered from day one. A must-read for any startup leader! #StartupInsurance #FounderEssentials #RiskManagement #StartupProtection

Ready to launch your P&C insurance startup? Navigating the regulatory maze can be daunting, but we're here to help! In the second installment of our WaterStreet Startup Series, we break down the regulatory approval process—one of the most critical steps to get your new company up and running. From UCAA applications to governance requirements, we've got you covered. Dive into our latest post and learn how to set your startup up for success. Read the full blog post: https://hubs.ly/Q02RWl1Y0 #InsuranceStartups #RegulatoryApproval #WaterStreetStartupSeries

From AllTopStartups: Leveraging Data Analytics in Insurance Agency Management ------------------------------- In today’s changing and competitive insurance industry, keeping up requires more than traditional management techniques. The shift to digitalizing business processes has brought in tools and approaches focusing on data… The post Leveraging Data Analytics in Insurance Agency Management appeared first on AllTopStartups . #entrepreneur #startups #learnbusiness #techstartups #marketingtips #emailmarketing #businesstools #marketingstrategy #businessowner #startupbusiness #startuplife

💰 Berlin InsurTech INSRD Raises €500k to Revolutionize Business Insurance Key Takeaways: Problem: Fast-growing companies struggle with outdated insurance that doesn't adapt to their evolving risk profiles. Traditional brokers often fall short in addressing these needs. Solution: INSRD, a Berlin-based insurtech startup, offers a data-driven approach to commercial insurance. Their "Protect & Connect" platform: Combines expert advice with complementary risk solutions and active risk monitoring. Leverages AI and automation to keep insurance programs current and identify new risks. Facilitates seamless collaboration between clients, advisors, and insurers. Focus on Emerging Industries: INSRD caters to dynamic companies in sectors like AI, Creator Economy, and Robotics. Experienced Team: The founders bring decades of experience in insurance and tech startups. Industry Impact: INSRD aims to bridge the gap between static insurance products and the dynamic needs of innovative businesses. Their focus on adaptive risk solutions and data-driven coverage accuracy positions them as a strong player in the evolving commercial insurance landscape. #InsurTech #BusinessInsurance #BerlinStartup #AI #DataDriven #RiskManagement #EmergingIndustries #TechStartup #INSRD

🚀 Is an insurtech start-up born to fail? I beg to differ. Despite the frequent news of successful companies facing trouble and the lack of trust in the space, I believe the future is bright. How can you build a successful insurtech? I've worked for 25 years in insurance, both in corporate and start-up environments. I advise start-ups in the insurtech field and can often predict which companies will soar and which will end up in insolvency. 🧠 Here are 5 lessons I’ve learned to help you when starting an insurtech: 👉 Define the customer problem to solve. Precisely. A customer problem, not your company’s problems. The fact that you are far from end customers is not their problem. It is yours. The fact that the end customer cannot buy relevant, embedded insurance at the point of sale is a customer problem. 🎯 👉 Think about why the product you offer makes a difference. Will you offer Cool Homeowners insurance, Cool Motor, Cool IoT, and Supercool Cyber Insurance? What difference do you make compared to traditional companies? The “Cool” factor plays little importance for the end customer. 🤔 👉 Focus: probably the most important lesson. You might have a house full of geniuses. But even with the most talented team, you need focus. You can expand across geographies after proving product-market fit, but make sure you know what you are doing. Diversity across all dimensions will lead to chaos in implementation. 🔍 👉 Team and skills: complementary skills are key. A great team of technologists without the “boring” side of insurance will create a “cool” but unusable product. Likewise, insurance experts without technology would rather flip papers. 🛠️ 👉 Culture, culture, and culture: You need a diversity of skills and opinions. You need people who respect each other’s experience. Traditional knowledge is as valuable as technology, and neither works without the other. 🌐 Don’t get discouraged by news of companies becoming insolvent. Innovation will continue, and the sector needs it. Just be ruthless in challenging your own beliefs. Together, we can make insurance great! 🏆 #Insurtech #Innovation #Leadership ——————————— 🎤 I write about leadership, wellness, and the role of insurance in changing the world. Sometimes, I write just for fun! 🔔 Ring the bell on my profile 🔝 Follow me

🚀 INSRD Ignites: €500k Pre-Seed Sparks Transformation in Business Insurance! Berlin-based insurtech startup INSRD has just closed an impressive €500k pre-seed round from a group of ecosystem angel investors, including key figures like Alexander Grimm, formerly of insurtech champion Getsafe, Florian Huber, and Daniel W. Dippold of EWOR, alongside tech executives and venture capitalists. Why INSRD? 🛡️ INSRD is changing the game in commercial insurance, tailoring solutions for rapidly growing companies that are constantly encountering new risk exposures. Their mission is to provide responsive insurance that evolves alongside innovative businesses. How INSRD Does It 💼 At the heart of INSRD's strategy is their Protect & Connect platform, a powerhouse of advanced workflow automation and industry-specific AI. This cutting-edge tech ensures insurance programs stay up-to-date while actively pinpointing and managing new risks. Standing Out 👇 INSRD is a standout in Earlybird Venture Capital’s Vision Lab Program, receiving funding, mentorship, and a strong network to drive their mission forward. Interesting times ahead! 🔥 #preseed #fundraising #startup

Exciting advancements are on the horizon for the world of InsurTech! A skyrocketing startup INZMO, led by steely entrepreneur Meeri Savolainen, is transforming the European insurance landscape through its advanced, whole-process digital insurance platform. It's sharpening the experiences of all parties involved: from insurers desiring to become digital, to corporates augmenting their value proposition through insurance, and to the common customer — simplifying their insurance management processes. All are bound to be captivated by the #innovation and #insights shared in this riveting piece. Buckle up and get ready to ride the wave of digitalization over in Europe with us as we explore " How is Revolutionary InsurTech Transforming the European Insurance Landscape? " Dive into the full story here 👉 https://lnkd.in/egzcjX6R The future of InsurTech is here, and it looks brilliant. Don't you agree? Drop your thoughts below! #StartUp #InsurTech #Insurance #DigitalTransformation #INZMO #EUStartups

Insurance Revolution: Embracing Digital Change The insurance industry, steeped in history from Lloyd’s of London to Benjamin Franklin’s contributions, is now riding the digital wave. Insurtech startups are setting new standards with technology-driven, customer-centric approaches. As traditional insurers respond with platforms like Insuresoft’s Diamond, the message is clear: adapt and innovate. The future of insurance is not just about technology, but about how we use it to better serve and understand our customers. Check out this guide to insurtech and learn how startups are changing the game - https://lnkd.in/gwb9HHQQ. #Insurance #Insurtech #DigitalTransformation Rob Copenhaver Scott Lea Terry Brown Nancy Schulte Linde Wolff Chris Blair Tracy Miller Imraan Hassam Laurel Antti Ken Dobell

Big shout out to all of the UK InsurTech companies highlighted in our ranking! 🎉 hyperexponential Artificial Labs Laka OpenCover Bikmo Wrisk Renew Risk Percayso Inform Sprout.ai Nuvalaw Like many others, the UK insurance market is experiencing challenging times, but these companies, with funding rounds and no layoffs reported in the last 12 months, are proving that a good business strategy is yielding results! 👏 #insurtech #uktech #insuranceinnovation #technology #growth #funding #ukbusiness #fintech #insurance #uk #startups #startup #innovation #finances #financialservices