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April 15, 2020

What Happens to InsureTech and Innovation During a Pandemic?

The COVID-19 pandemic is forcing insurers to rethink their organizational models and adjust to a digital new normal. Insurers are adapting to virtualized work and revamping workflows that previously required in-person, on-prem interaction. Insurers also have to keep up with agent, policyholder, and employee expectations. Many insurers have some digital capabilities that have helped with...

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Stephanie Dalwin

January 22, 2020

New Cohort of GIA Startups Looking to Improve MedTech

Global Insurance Accelerator (GIA) has announced its 2020 cohort, with a strong representation of MedTech startups aiming to change the life and health insurance space. A lot of innovation investment in life insurance (and, therefore, from life InsureTech startups), has focused on distribution and front-end interactions, but these MedTech startups are aiming to rethink the process from...

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Stephanie Dalwin

October 16, 2019

How Startups Are Rethinking Program Business

All business is program business; this is something that Novarica CEO Matthew Josefowicz has frequently said. Program business, i.e., tailoring coverages to specific and sometimes niche market segments, is gaining steam in commercial lines (and more specifically small business insurance). Targeting these smaller market segments is the bread and butter of many startups. New entrants...

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Stephanie Dalwin

October 14, 2019

InsureTech’s Growing Reach in Life Insurance

When InsureTech first started gathering steam, many founders were new to the industry and turned their attention to fixing bad customer experiences. This approach made home, auto, and renters ideal targets, as they tend to be lower complexity and higher volume than many other lines. Yet the influx of more industry vets and higher funding rounds is making it clear that InsureTech isn’t just...

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Stephanie Dalwin

September 30, 2019

The InsureTech Boom Continues; What Does This Mean for Insurers?

Only a few years ago, it would have been difficult to imagine InsureTech reaching its current heights. Yet the market shows no signs of slowing down, and insurer interest and funding rounds continue to grow. Some industry vets have even jumped in on the wave, founding startups of their own or joining existing companies. Nowhere was this enthusiasm more evident than at InsureTech Connect this...

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Stephanie Dalwin

October 19, 2018

Thoughts from InsureTech Connect 2018

Over the past two years, Novarica has profiled over 150 InsureTech startups. In that time frame, only two have failed. This is not to imply that all startups in this space are immune to failure—but for the time being, industry enthusiasm for this space has not slowed down. I recently attended InsureTech Connect in Las Vegas where I had the chance to see firsthand the excitement and...

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Stephanie Dalwin