The Ultimate FinTech & InsurTech LIVE Event
From October 12th-14th, 2021, BizClik’s FinTech & InsurTech event will bring together influential executives from around the world. Streamed live from Tobacco Dock, London, this three-day event will be an excellent way to finish the year strong, gaining the confidence your company needs to move forward into the future.
With keynote addresses from global leaders, dynamic roundtable discussions, and extensive networking opportunities, FinTech & InsurTech 2021 will expand your network, deliver insight, and enhance your organisation’s reach.
Already confirmed speakers include Mike Massaro, CEO of Flywire; Ben Maxim, AVP of Digital Strategy & Innovation at MSU Federal Credit Union; Nino Ulsamer, Co-Founder and acting CTO of StashAway; and Sten Saar, Co-Founder and COO of Zego.
What’s on the agenda?
Across the three-day event, a number of relevant topics and trends surrounding contemporary fintech and insurtech will be discussed. These include:
- Diversity and inclusion (Tuesday 14 October)
- Racial equality (11.30am)
- Supplier diversity (12pm)
- Sustainability (12.30pm)
- Women in fintech (2.30pm)
- Challenger and neobanks (Wednesday 15 October)
- Cashless society (2pm)
- SMEs (2.30pm)
- Adopting new age digital solutions in the insurance industry (6am on Thursday 16 October)
The latter topic should certainly be on the mind of every executive in the traditional insurance sector. 2020 was a wake-up call to the industry that the old-fashioned way can no longer sufficiently meet either customer expectations or needs.
In fact, 59% of insurers have refocused their priority to investing in digital transformation. This is understandable: digital leaders like Lemonade, wefox, and Hippo are proving that an easy, flexible, customisable, and transparent service are the hallmarks of a superior customer experience, and the collective industry should take note. Attendees of that session will come away with renewed clarity on insurance’s future and how their company can fit into it.
In addition, each day of the event will include:
- Live panel Q&A sessions
- Networking opportunities
- Industry forums
- Regional keynote speakers
- Inspirational speakers
- Consultant thought leaders, and much more.
This event is set to be one of the year's most unmissable. If you want to get leading perspectives on the future of fintech and insurtech, find out where you can purchase your tickets here.
CB Insights: US Insurtechs Are Competing In A Global Market
In the first half of the year, insurtech companies around the world have raised US$7.4bn, nearly doubling their funding in Q2. According to Digital Insurance, insurtechs have raised US$4.8bn in Q2—an 89% increase in funding from Q1. But US firms are no longer the sole beneficiaries.
What Are the Stats?
Out of the 15 Q2 mega-rounds—those that top US$100mn—only eight included American firms. Pretty good, you might say. That’s over half! But US companies only made up 38% of the deals, which marks a 10% drop from Q1 and a 12% drop from 2020. Technically, therefore, US insurtechs are less influential than they’ve been in the past. But who says this is a bad development?
Despite my American citizenship, I’d argue that a more globally diverse insurance market is only for the best. Many of the world’s citizens who could most benefit from improved insurance services live outside of the States—and deserve local, tech-savvy services.
Why Does This Matter?
You’re always going to see the typical insurtech contenders from Western countries. For instance:
- German-based wefox: US$650mn Series C
- UK-based Bought By Many: US$350mn Series D
- US-based Collective Health: US$280mn Series F
But it’s critical that we address risk across the world. American insurtechs might be some of the most technologically skilled firms in the industry, but it’s not their first goal to address floods in Southeast Asia, crop destruction in China, and COVID complications in South Africa. That’s why we should celebrate that the recent Q2 round included insurtechs from 35 different countries.
According to CB Insights’ Q2 2021 Quarterly InsurTech Briefing, this was the first time that they’d observed insurtech activity in Botswana, Mali, Romania, Saudi Arabia, and Turkey. And ‘from a product, service, distribution, and underlying risk perspective, we—as a society and as an industry—are moving at an unprecedented speed’, says Dr. Andrew Johnston, Global Head of Willis Re InsurTech.
Just ask CB Insights. InsurTech value propositions have resonated with the world.