InsurTech radar
Proposition
Distribution
This segment concerns selling insurance-based products and services to customers. It includes B2B and B2C models, as well as direct-to-customer approaches. Several of these business models also make use of comparison engines in one form or another. The eight categories in this segment are D2C (direct-to-consumer), Price Comparison Websites (PCW), Affiliate Integration, Corporate Platforms, B2C Online Broker/Value Comparison Websites (VCW), B2B Online Broker/VCW, Financial Partner, and Life Digitizers. Overall, there is a moderate to high level of activity in most categories and in most geographical regions.
Operations
Proposition
Distribution
Operations
The Operations segment concerns enabling and running insurance businesses and the relevant processes within them. The go-to-market approach of business models in this segment is to position themselves as playing a vital part in improving the efficiency and capabilities of how a risk cover is (digitally) “manufactured”. Businesses in this area typically focus on one of a number of fundamental insurance capabilities. The five categories in this sector are: Digital Sales Enabling, Underwriting, Service and Administration, Claims Management, and Balance Sheet and Financial Resource Management. There is significant activity in almost all categories.
Operations
Proposition
This InsurTech Radar segment focuses on companies developing insurance-based products and services. It contains six business model categories of varying viability and development. Those are: Low Cost, Situational, Community-based, From Insured to Protected, Risk Partner, and Digital Risks. All six categories have meaningful levels of activity in one geographical region or another, though some represent the lowest activity levels of all categories.
Distribution
Distribution
Proposition
Operations