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Editorial Rating

8

Qualities

  • Overview
  • Concrete Examples
  • Hot Topic

Recommendation

When VCs made their bets in the chaotic world of 2020, insurtech came out a clear winner. So what’s so alluring about insurance mixed with digital capabilities? Massive amounts of data, a frictionless quotes to claims process, and the promise of more good things to come – digital and insurance are a match made in heaven, though the insurance industry as a whole has been slow to get moving on new technologies. In this special report from the Boston Consulting Group, professionals from around the world give an insider’s view of insurtech.

Take-Aways

  • Pandemic restrictions inspired the insurance industry to pack five years of digital transformation into one.
  • All-time funding highs show that VCs, reinsurers and other investors are enthusiastic about the digital future of insurance.
  • Mergers, acquisitions and IPOs emerged even as the pandemic disrupted risk pools.

About the Authors

Aaron Block, Jürgen Bohrmann, Mikolaj Boltuc, Guglielmo de Stefano, Jean-Werner de T’Serclaes, Nick Gagnon, Or Klier, Rahel Lebefromm, Gareth Ng and Pauline Wray are professionals with the Boston Consulting Group.