20 InsurTech start-ups are aligning more closely to insurers’ needs Insurers were asked in which areas they saw the most Each start-up that applied to Startupbootcamp important impact to their business from FinTech: InsurTech was categorised into one of the six trends: Meeting changing customer needs with new offerings Leveraging existing data and analytics to generate deep risk insights Most impactful trends New approaches to underwriting risk and predicting loss Enhancing interactions and building trusted relationships Least impactful trends Enabling the business with sophisticated operational capabilities Leveraging broader ecosystems 6th 5th 4th 3rd 2nd 1st Start-up applications 2016 Start-up applications 2017
PwC & Startupbootcamp InsurTech: READY FOR TAKE OFF Page 19 Page 21