InsurTech Startups We Love & Insurance Conferences We Are Attending This Year
  • The Booster Labs team

InsurTech Startups We Love & Insurance Conferences We Are Attending This Year

Updated: Feb 18, 2019

InsurTech is another integral part of the global FinTech revolution to bring more innovation to the financial sector in general. As the name suggests, InsurTech startups focus their attention on revitalization of the insurance sector. It goes without saying this segment of the FinTech revolution has attracted a lot of entrepreneurs and investors as well. There are over 1,000 insurance startups in the world today. Following three startups caught our attention lately.

Trōv

Trōv is the world’s first on-demand insurance for your things. With a simple swipe on your phone, you can easily protect just the things you want, exactly when you want, entirely from your phone. You can also easily organise important information about the things you own and back it up to the cloud, so it’s accessible when needed. Since 2012, Trōv has conceived an absolutely , innovative type of insurance policy, addressed in particular to millennials: on-demand policies to protect personal properties (computers, smartphones, TVs, bicycles, musical instruments, sports equipment, cameras, etc.) even for a short time.


Trōv is now available in Australia and the UK and launching in the US this year. Trov is as well looking to expand into Europe, Asia, and South Africa, and into the Japanese market.


In 2017, HSB Ventures Inc, the venture capital subsidiary of German reinsurer Munich Re, has led a $45 million investment in Trōv. Altogether Trōv managed to secure $87 million in funding.


Swipe to protect things you love against damage, loss or theft


Lemonade

Lemonade is a licensed insurance carrier that offers homeowners and renters insurance powered by artificial intelligence and behavioral economics. By replacing brokers and bureaucracy with bots and machine learning, Lemonade promises zero paperwork and instant everything. And as a Certified B-Corp, where underwriting profits go to nonprofits, Lemonade is remaking insurance as a social good, rather than a necessary evil. Since 2016 when the company began offering homeowners and renters insurance in New York, they are rolling out renters and home insurance in eight states in the United States.


In the end of 2017, Lemonade announced a $120 million Series C funding round led by the SoftBank Group and currently has funding $180 million.


According to its co-fouder and CEO Daniel Schreiber, Lemonade reached around 90,000 customers this year.


How lemonade claims work



Metromile

Metromile is a San Francisco-based startup revolutionizing car insurance through technology with its pay-per-mile insurance model. By offering affordable car insurance, transparent pricing based on the miles you actually drive, data to optimize how you use your car, and instant access to detailed vehicle diagnostics via the driving app, Metromile is transforming car insurance to be more intelligent, seamless, and accessible than ever before.


According to CEO Dan Preson, Metromile has raised $205 million. As notable as the size of Metromile´s funding is the list of investors behind it. They include a couple of insurance giants as Canada´s Intact Financial and China Pacific Insurance.


In year 2017 their customers hit the billion mile marker.


See bills for your insurance or location of your car



Are you passionate about InsurTech as we are? In that case, you should not miss these summits, where the main topics are digital transformation and technological solutions in the Insurance Industry.



Insurance Nexus Connected Insurance Summit Europe

London

June 11th-12th


This Summit gives you the opportunity to join over 2-days and 300 of your peers to debate the future of connected insurance. Discover the new products and services that are delivering experiences worth paying for and delve into the business case for developing a value proposition around connected technologies. With focused workshops on the future of auto, home, health/life and commercial, plus a full 2-days of strategy and innovation sessions, you will leave with a roadmap for connected insurance that is ripe and ready for speedy implementation.


Use our special discount code for both summits: BOOSTERLABS200 and get £200 discount off your pass!


Insurance Customer Engagement Summit Europe

London

June 19th-20th


This summit will be placing the customer at the forefront of all conversations; reimagining the insurance marketing, acquisition and retention cycle to build lifetime customer engagement. This unique event is for the first time featured in Europe and is brought to you by Insurance Nexus – thought leader in digital transformation and technological solutions in the Insurance Industry. Insurance Customer Engagement Europe is the must-attend event for those charged with improving customer-engagement within marketing, digital, technology, data, IT, customer experience and operational teams. This high-level summit will bring over 100 C-level executives to discuss the transformative shifts in the insurance industry, from creating integrated omnichannel customer journeys to leveraging tech innovations and influencing internal decision making.



We are happy to be partners on both summits!


Use our special discount code for both summits: BOOSTERLABS200 and get £200 discount off your pass!


Hope to see you there! :)



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The Booster Labs, s.r.o.

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 811 01 Bratislava

+421 918 498 243

innovate@theboosterlabs.com

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