Five Crazy InsurTech Predictions for 2017
Summary
In the latest months, many experts have predicted specialized portals and social network as the main InsurTech trends driving growth in 2017.Based on my daily discussions on this domain, I share with you my five most secret (and crazy) predictions: 1) Exit: There are out there great success stories: amazing InsurTech companies are obtaining concrete results and scaling up.I saw many initiatives doing a great job putting together a fantastic team and a sexy equity story, some raised relevant capital but their business models (https://www.linkedin.com/pulse/my-four-ps-insurtech-matteo-carbone?trk=mp-author-card) look (to me) not sustainable from an insurance perspective.In the next months, I expect to see some insurers becoming more relevant in the life of their clients and act as partners and not only as claim players.5) Culture shift: Incumbents are becoming always more interested in debating innovation and concretely testing new approaches, including collaboration with startups.