Insurtech Insights to release Future50 Europe list

The body has partnered with Sønr to research and compile the European insurtech rankings

Insurtech Insights has released its latest ranking list of innovative insurtechs via the Future50 portal.

The carefully curated list of the 50 most innovative early-stage insurtechs that are disrupting the insurance industry in Europe contains a number of diverse contenders from various sector categories. 

Insurtech innovation

Having lagged behind almost every other industry in innovation, digitisation, and customer satisfaction, insurtechs have emerged as champions in the space and are responsible for some of the most exciting digital transformations in the European tech boom.

The Future50 list details insurtechs of Europe that are surpassing expectation in terms of the latest trends in the industry and why the insurtech’s model of ‘customer first, technology (a very close) second’, has taken the world of insurance by storm.

Cutting-edge technology

Insurtech Insights data shows that competition for consumer attention has never been more intense, and insurers are increasingly having to meet consumers wherever they are.

Companies cannot expect customers to buy, renew and repeat without scrutiny. Now, insurtechs are experimenting with distribution techniques to make insurance feel like a product rather than a tax., listed at number eight on the Future50 list, is empowering carriers to bring embedded insurance products to market so that they can distribute policies across any sales channel with no code.

Meanwhile, Bsurance, is ranked at 32 because it engineers cloud-based products to be fully embedded at the point of sale.

Usage-based insurance cover

Milage-based cover and telematics are transforming the motor insurance space. Customers across the board have found themselves paying premiums for unused policies and over-insured risks. UBI cover addresses this issue and provides a much fairer option for low mileage drivers.

Amodo, ranked at 30 on the list, is a platform that enables usage-based products through increasing customer touchpoints and gamification of insurance. Blocksure, placed at 48, leverages blockchain technology to power flexible, on-demand policies from traditional annual, to fractional usage policies for daily, or even hourly, cover.

Realising untapped opportunities

The insurance industry has often been notorious for arbitrary exclusions and not meeting the needs of underserved consumers. Disruptors in the industry, especially with life and health lines, are changing that.

Disrupting sleepy parts of the industry, and serving the underserved, has become central to the emerging insurance revolution. Asistensi, listed at 14, works to open up digital-first health insurance solutions so that migrants can continue caring for relatives and loved ones back home.

Meanwhile, YuLife, ranked six, has seen massive growth over the past 12 months. Their gamification of life insurance is engaging younger consumers in innovative ways, and reinforcing the value proposition of life insurance for a new generation.

Risk assessment and a changing world

 Climate change is no longer theoretical, but a present and increasingly visible danger. The implications for the insurance industry are profound. Catastrophe management and climate underwriting are increasingly central to a number of consumer and commercial lines as we enter an era of recurring climate risks.

 Insurtechs have entered the market set on modernising risk assessments to match these emerging risks. They are using data analytics and sophisticated parametric underwriting and empowering their partners to better understand highly localised, region-specific risks.

Descartes Underwriting, ranked fourth in the Futrue50, builds parametric underwriting solutions to enable their partners to better understand the risk of natural disasters. Oasis Loss Modelling Framework, listed at 15, has created an open-source framework to give universal access to critical climate risk data.

Wellness as the new normal

Wellness and wellbeing have been brought more sharply into focus by the pandemic. In 2020, McKinsey found that 17% of Europeans feel lonely ‘most or all of the time’, and the impact of a decline in mental health is being felt across the healthcare ecosystem.

This shift towards increased customer engagement and touch points marks a fundamental development for the insurer-consumer relationships: from the purely transactional to more of a partnership.

The pandemic has heightened the urgency for insurers to focus on wellness and wellbeing around health and life lines of insurance. Serious claims can be prevented by interventions by insurers early on, and health and life insurers are more incentivised than ever to promote healthier behaviours among their customers.

Thrive Therapeutic Software, listed at, puts employee mental health at the heart of their proposition, designed as it is to prevent, screen, and manage mental health conditions for employees.

 For more information on the companies listed on the Future50 insurtechs in Europe, click here



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