und seltsamerweise in vielen Texten um Start-Ups mit Miniumsätzen, während etablierte reine Insurtechs wie Bolt, die schon länger am Markt sind und ihn besser kennen als die Start-Ups und auch noch erkleckliche Umsätze aufweisen, seltsamerweise kaum Beachtung finden.
How the Disruption Happens
According to The US Treasury, assets for insurance in the US total over $8 trillion and the US insurance industry reported net premiums at $1.27 trillion.
This translates into a whopping 7% of our GDP!
That’s a tremendous amount of business coming from a distribution system that is considered to be old-school and cumbersome.
What happens when a technological newcomer enters the marketplace with a platform that improves distribution efficiencies?
Insurtech newcomers are attracting the millennial and generation-x market segment by weeding out most of the cumbersome steps of purchasing insurance.
What happens is tech-based startups such as Lemonade and Metromile enter the marketplace and instantly begin gobbling up business.
In fact, half of traditional insurance players predict that they will lose 20 percent of their business to insurtech startups.
That's no small amount when we consider that insurance players reported over $1 trillion dollars of net premiums. |
Thread abonnieren
