InsurTech weekly 🟢 392

Hi all,

Here is your weekly selection of the three most engaging InsurTech articles shared this week.

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1️⃣ The #InsurTech opportunity towards brokers & agents

The core hypothesis that digitization would massively displace legacy/agent distribution did not bear out, and the disruptive potential of new channels was overestimated. The dynamic of legacy channels remaining relevant is something we’ve also seen in other categories — like retail, for example, where there was a resurgence of focus on physical retail and omnichannel strategies after a headfake of e-commerce acceleration. Similarly, insurance agents continue to play an important role in distribution, and firmly coexist alongside the digital channels that emerged.

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2️⃣ A FinTech perspective of the #DigitalHealth space

For healthcare providers, the electronic health records (EHR) system serves as the clinical source of truth, but a financial source of truth doesn’t yet exist. Most industries (let alone $4 trillion industries) do not work this way! Why is this the case in healthcare? It has to do with the flow of funds, and the lack of healthcare-specific systems for accounting and financial planning that track that flow of funds. Here’s a typical example of how money moves when a patient visits a provider.

>> Read more

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3️⃣ The state of Embedded #FinTech

For our (Aperture) embedded finance predictions paper, we tried to source predictions across the many facets of embedded finance — payments, lending, regulation, wealth management, banking, insurance — from both start-ups and incumbents, and across key regions. Our own Aperture estimates anticpate that the market for embedded finance will increase from less than USD70 billion in revenues today to over USD300 billion by 2030, a CAGR of 23%.

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📖 A global perspective on the state of InsurTech

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-About ‘my weekly fgtrends’-

I’ve been curating every week (since 2015), the most engaging content in InsurTech Europe.

The three article listed above were the most engaging in the past days. They deal with insurance technology, and more generally tech applied to Financial Services.

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