June 9, 2017
The young, but extremely vibrant history of InsurTech proves it to be one of the most electric industries to follow in 2017 and beyond. An ever-expanding list of outstanding InsurTech startups is already shaking up the $4.5-trillion-dollar industry by leveraging technological capabilities. The use of disruptive technologies like big data, Internet of Things (IoT), mobile technology, AI, social network, and blockchain are gaining momentum and InsurTech firms are looking for a scope to capitalize it.
The rapid growth of InsurTech startups, interest from VC firms and the corporate world served as a sign that the ecosystem has a tremendous potential and requires action to leverage those opportunities. In response to the flourishing startup environment, opportunistic minds have built InsurTech-focused accelerators to nourish the evolution of one of the most complex industries globally.
Further, we will review some of the most dedicated professional communities in the insurance industry – InsurTech-focused accelerators/incubators searching for a diamond in the rough.
The AIA Accelerator is a program designed to bring high-potential startups and one of the world’s largest insurer together. With the third batch concluded in June 2016, the program has received applications from around the world and incubated more than 25 startups across cities to accelerate their health tech and wearable businesses.
Startups have received:
AIA Accelerat ...