EY is honoured once again to sponsor the Insurtech 100. It’s our pleasure to work with the Sønr team and the exceptional panel of industry judges. Everyone who has contributed to this report shares a passion for the bold innovation and creative thinking that is represented on the pages that follow.
Though the last year has been challenging for many insurtechs, the innovations of the Insurtech 100 have been vital to strengthening the resilience of the insurance sector, filling unmet market needs and enabling insurers to respond effectively to cyber and other critical risks. As such, insurtechs are helping the industry to fulfil its purpose of protecting what matters most to individuals, families and businesses.
Even in the face of market megatrends – proliferating risks, volatile capital markets, tech-driven disruption, rising customer expectations, new competition, intensifying regulation and ESG – the Insurtech 100 is in the vanguard of deploying leading-edge digital solutions to transform how the industry operates. Insurtech solutions provide access to new customer segments, deliver the data for intelligent underwriting on new risks and establish platforms for insurers, agents, advisors and clients to connect more efficiently and productively.
A quick glance at this year’s list shows that insurtechs recognise the urgency of change across the business, from unleashing top-line growth to boosting efficiency in the back-office. That’s why insurers will continue to engage insurtechs via acquisition, alliances and ecosystem collaborations.
EY believes that a thriving insurtech and fintech sector is vital to the future health of the insurance industry worldwide, and this list shows just how bright that future is.
Insurtech innovations will help the industry to effectively respond to new risks and meet the needs of customers and communities.
While current market conditions may cause some observers to grow pessimistic, we believe the insurtechs on this list will continue to energise the industry as it navigates the current turmoil to thrive in the future.
I hope you find the insights on the following pages useful. We’d be delighted to discuss how the talent and technologies represented here fit into your future transformation plans and growth strategies.