tracxn research — insurance tech landscape, october 2016

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Page 1: Tracxn Research — Insurance Tech Landscape, October 2016
Page 2: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016

TracxnWorld’s Largest Startup Research Platform

2

Page 3: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 20163

Contents

3

Topic Page No.

Scope of Report 04

Entrepreneur Activity 07

Investment Trend 10

Who is Investing 18

Exit Outlook - IPO, Acquisitions 22

Sub Sector Analysis 25

Interesting Companies 44

Useful Links 55

Company List 57

Q&A with Industry Experts 198

Team 212

Page 4: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 20164

Sector Overview

Scope of report

This report covers companies operating in Insurance Tech sector which includes internet first insurers, distribution platforms,P2P insurance platforms and companies that enable insurance players in terms of software solutions and data. It does notinclude traditional and offline insurance providers and multi-industry companies.

The scope of this report includes equity as well as debt funding received by the companies.

Business Model Description

InsurersInternet first insurance companies (including companies acting as an MGA) which provides insurance online forLife, Health and P&C sectors

Employer Insurance Companies offering employers/employees a smarter way to manage employee benefits and insurance

EnablersCompanies enabling insurance companies, brokers and other insurance players. They provide softwaresolutions, data analytics etc. to insurance players

Distribution PlatformsCompanies offering online/mobile based platform where consumer, businesses can compare insurancequotes/buy insurance policies. They act as an insurance broker.

P2P Insurance Companies that provides a P2P insurance platform

Page 5: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 20165

Experts Speak

John MasseyManaging Director, Consulting Leo Tech

Patrick KershawManaging Director, InvestmentsLeo Tech

“John focuses on building long term and rewarding partnerships with anincreasing network of leading corporates. John is an innovative thinker,demonstrated by a history of new service developments including technologyplatforms, social integration, revenue marketing, content creation andconsulting. John launched the Sydney office of DWA, a tech-focused mediaagency, and as Managing Director, Asia-Pacific, he led its rapid growthopening in Singapore Beijing, Bangalore and Auckland”

“Patrick oversees the Investment activities of Leo Tech, previously with theDigicel Group working across developing markets in the Pacific. Like severalother Leo Tech directors, he is an active early stage investor with interestsacross Asia. As such, he is keenly involved in advising on strategy and growthfor the company’s growing portfolio of businesses. Patrick previously co-founded One Fibre, establishing it as one of the largest corporate broadbandproviders in New Zealand. He holds a B.A in International Politics &Anthropology from Otago University, New Zealand”

Page 6: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 20166

Experts Speak

“Andrea joined Amadeus in 1998 and is a partner focusing on the mobilesector. Andrea serves on the boards of: Igenomix, the world’s leading in-vitro fertilization (IVF) genetic testing company; Travelstart, the leadingonline travel agency in Africa and the Middle East; and ip.access, aleading supplier of picocell and femtocell base stations for 2G and 3Gcoverage and capacity. He is also the Amadeus representative forKreditech, an online credit scorer and lender focussing on emergingmarkets. Andrea’s successes include Octo Telematics, acquired in 2014 byRenova Group, representing one of the most significant exits worldwide inthe IoT (Internet of Things) space; and Bellco, a leading innovator inhaemo-dialysis and blood-filtration, acquired in 2016 by Medtronic.

Andrea holds an MBA from Cambridge University and a BSc in Economicsfrom the London School of Economics.”

Andrea TraversonePartnerAmadeus Capital Partners

Page 7: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Q&A with Industry Experts

Team

77

Page 8: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016

44

69

102113

135

235

84

0

50

100

150

200

250

2010 2011 2012 2013 2014 2015 2016

Nu

mb

er o

f C

om

pan

ies

8

YoY – Number of companies founded

Bima Gusto Oscar Zhong An Insurance Clover Health Bright Health Blue Owl

CoverHound Ins110 Namely Zenefits Datebao WuKongBao Next Insurance

Page 9: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 20169

Large Upcoming Sectors

No. of Companies Founded

Average Age

No. of Companies Funded

Business ModelTotal

FundingExample

26 Jun-2014 7Distribution Platforms>On-Demand Insurance

$51MTrov

2012, San Ramon

47 Apr-2014 10 P2P Insurance $49MFriendsurance,

2010, Berlin

17 Apr-2013 9Internet-first Insurers > Personal > Life & Health

$1.2BOscar,

2012, NYC

40 May-2012 13Distribution Platforms > Commercial

$77MEmbroker

2015, San Francisco

68 Aug-2011 37 Enablers > Data Providers $212MZubie,

2012, Charleston

Page 10: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Team

10

Page 11: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201611

YoY – Number of Rounds and Total Funding

Note: The funding includes debt rounds also.

$97M $105M$46M

$97M

$486M$308M

$598M

$2.9B

$1298M

16 15 14

41

66

87

107

163

112

0

36

72

108

144

180

0

700

1400

2100

2800

3500

2008 2009 2010 2011 2012 2013 2014 2015 2016

Nu

mb

er of R

ou

nd

sFu

nd

ing

Am

ou

nt

(in

Mill

ion

s)

Funding Amount Number of Rounds

Page 12: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201612

YoY – Number of Rounds by Stage

17

4147 50

80

5012

16

26

41

66

41

3

7

9

9

11

13

0

36

72

108

144

180

2011 2012 2013 2014 2015 2016

Nu

mb

er o

f R

ou

nd

s

Seed Early Late

Page 13: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201613

YoY – Funding by Stage

$5M$26M $73M $59M $78M $80M$47M $44M

$99M

$476M

$1.0B

$479M

$22M

$416M $127M

$54M

$1.8B

$735M

0

500

1000

1500

2000

2500

3000

2011 2012 2013 2014 2015 2016

Tota

l Fu

nd

ing

Am

ou

nt

(in

Mill

ion

s)

Seed Early Late

Page 14: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201614

Average Ticket Size – Early Stage

$0.5M$0.9M

$2.0M $2.2M$1.6M $1.6M$2.0M

$4.4M$3.4M

$11.2M

$13.0M

$16.0M

$6.9M$6.4M

$15.7M

$27.6M

$15.8M

0.0

6.0

12.0

18.0

24.0

30.0

2011 2012 2013 2014 2015 2016

Fun

din

g A

mo

un

t (i

n M

illio

ns)

Seed Series A Series B

Page 15: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201615

Top investments in last one year

CompanyFunding Amount

Round Name

Date Investors

hioscar.comOscar

(New York City, 2012)$400M Series C Feb-2016

Fidelity Investments, Google Capital, General Catalyst Partners, Founders Fund, Lakestar, Khosla Ventures, Thrive Capital, Ping An Ventures

cloverhealth.comClover Health

(San Francisco, 2014)$160M Series C May-2016 Greenoaks, First Round Capital, Sequoia Capital, AME Cloud Ventures, Spark Capital

cloverhealth.comClover Health

(San Francisco, 2014)$100M Series A Sep-2015 First Round Capital, Athyrium Capital Management

collectivehealth.comCollectiveHealth

(San Mateo, 2013)$81M Series C Oct-2015 Google Ventures, NEA, Founders Fund, RRE Ventures, Redpoint Ventures, Maverick Capital

brighthealthplan.comBright Health

(Minneapolis, 2015)$80M Series A Apr-2016 Bessemer Venture Partners, NEA, Flare Capital Partners

maestrohealth.comMaestro Health(Chicago, 2013)

$53M Series A Feb-2016 Oak HC/FT

gusto.comGusto

(San Francisco, 2011)$50M Series B Dec-2015 General Catalyst Partners, Google Capital, Obvious Ventures

blueowl.xyzBlue Owl

(San Francisco, 2016)$35M Series A Aug-2016

Page 16: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201616

Top investments in last one year

CompanyFunding Amount

Round Name

Date Investors

captricity.comCaptricity

(Oakland, 2011)$35M Series C Jan-2016 Social Capital, White Mountains, Accomplice

cloverhealth.comClover Health

(San Francisco, 2014)$35M Series B Dec-2015 Sequoia Capital, First Round Capital, Athyrium Capital Management

coverhound.comCoverHound

(San Francisco, 2010)$33M Series C Sep-2015

ACE Group, RRE Ventures, Blumberg Capital, Core VC, Route 66 Ventures, American Family Ventures

justworks.comJustworks

(New York City, 2012)$33M Series C Mar-2016 Redpoint Ventures, Bain Capital Ventures, Thrive Capital, Index Ventures

hioscar.comOscar

(New York City, 2012)$33M Series B Sep-2015 Google Capital

huize.comHuize

(Shenzhen, 2006)$31M Series B Mar-2016 CDF Capital

insureon.comInsureon

(Chicago, 1997)$31M Series A Oct-2015 Oak HC/FT, Accretive

namely.comNamely

(New York City, 2012)$30M Series C Feb-2016 Sequoia Capital, Matrix Partners, True Ventures, Greenspring Associates

Page 17: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201617

Funnel view of Sector

98

50

85

224

366

1089

0 200 400 600 800 1000 1200

M&A & IPO

Late

Series B

Series A

Funded

Founded

Number of Companies

Page 18: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Q&A with Industry Experts

Team

1818

Page 19: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201619

Most Active Investors in Sector

13 13

11 11

10 10

9 9 9

8

0

3

6

8

11

14

500 Startups Startupbootcamp Ben FranklinTechnology

Partners

Lerer HippeauVentures

General CatalystPartners

Global InsuranceAccelerator

Bain CapitalVentures

Sequoia Capital Techstars Bullpen Capital

Tota

l Nu

mb

er o

f R

ou

nd

s

Mojio Insly Life.io Namely Oscar Drive Spotter SquareTrade Namely QuanTemplate Namely

EMBROKER ULU Livegenic Oscar Zenefits ClinicNote Justworks Clover Health Dash CoverHound

Page 22: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Q&A with Industry Experts

Team

2222

Page 23: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201623

Top IPOs in last few years

IPO Date Company Overview Ticker Mcap *

Jun-2015 majesco.comMajesco

(Mumbai, 1982)

IT Software and Services provider for Insurance IndustryMJCO $188.2M

Dec-2014 connecture.comConnecture

(Brookfield, 1997)

Web based solutions for health insurersSSM Partners, TTV Capital, LiveOak Venture Partners, Atlanta Technology Angels, Firewall Builder, Chrysalis Ventures, Great Point Partners, New Era Capital Corporation, Hauser Private Equity

CNXR $40.9M

Sep-2013 benefitfocus.comBenefitfocus

(Charleston, 2000)

Benefits technology providerGoldman Sachs, Council Capital, i2E, Oak Investment Partners BNFT $1.1B

Jan-2012 guidewire.comGuidewire Software(San Mateo, 2001)

P&C insurance software solutionsBattery Ventures, US Venture Partners, Bay Partners GWRE $4.3B

Oct-2009 verisk.comVerisk Analytics

(Jersey City, 1971)

Data analytics and risk assessment firmVRSK $13.5B

*As on 15-Sep-2016

Page 25: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Q&A with Industry Experts

Team

2525

Page 26: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201626

Top Business Models by Funding

$2.4B

$1.4B

$1.2B

$857M

$49M $3M0

600

1200

1800

2400

3000

Internet-first Insurers Employer Insurance Enablers Distribution Platforms P2P Insurance Claims Management andResolution

Tota

l Fu

nd

ing

Am

ou

nt

(in

Mill

ion

s)

# Cos. 105 44 416 440 47 17

Avg. Age Feb-12 Apr-11 Jun-07 Jun-11 Apr-14 Jun-11

Zhong An Insurance Zenefits iPipeline Goji Friendsurance Claim Di

Oscar Gusto GreenRoad Ins110 TongJuBao Dispute Bills

Page 44: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Q&A with Industry Experts

Team

4444

Page 45: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201645

Interesting Seed Companies

Company Overview Business ModelTotal

Funding

next-insurance.comNext Insurance

(2016, Palo Alto)

Portal for Small businesses to find Insurance productsRibbit Capital, TLV Partners

Distribution Platforms > Commercial

$13M

slice.isSlice Labs

(2015, New York City)

Sharing economyHorizons Ventures, XL Innovate

Distribution Platforms > On-Demand Insurance

$3.9M

allay.ioAllay

(2014, San Francisco)

Employee benefits management platform for employers500 Startups, AngelPad, Sandbox Industries, Silicon Badia, BCBSVP, Arnold Capital, Insure.VC

Employer Insurance > Benefits and Insurance

$3.5M

getquilt.comQuilt

(2016, New York City)

New age insurance providerFounder Collective, Next View Ventures, Eniac Ventures, Titan Partners

Internet-first Insurers > Personal > Renters Insurance

$3.25M

life.ioLife.io

(2012, Philadelphia)

Reward based enterprise health solutionBen Franklin Technology Partners, Robin Hood Ventures, Tigerlabs, Delaware Crossing Investor Group, Ben Franklin Technology Partners of Southeastern Pennsylvania, Rittenhouse Ventures

Enablers > Data Providers > Health

$2.41M

Curated list of companies by the sector analyst are defined as Interesting

Page 55: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Q&A with Industry Experts

Team

5555

Page 56: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201656

Useful Links

Slide Title Content Platform Link

List of All Companies in readable format Companies Link

Companies founded in 2015/16 Entrepreneur Activity Link

Investments in last one year Investment Trend Link

IPOs in last few years Exit Outlook - IPO, Acquisitions Link

Acquisitions in last one year Exit Outlook - IPO, Acquisitions Link

Internet-first Insurers – Most Funded Companies Sub Sector Understand Link

Employer Insurance – Most Funded companies Sub Sector Understand Link

Enablers– Most Funded Companies Sub Sector Understand Link

Distribution Platforms – Most Funded Companies Sub Sector Understand Link

P2P Insurance – Most Funded companies Sub Sector Understand Link

Top Funded Deadpooled Companies Companies Link

Page 57: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Q&A with Industry Experts

Team

5757

Page 58: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201658

Insurance Tech – Company List

Internet-first Insurers

Employer Insurance

EnablersDistribution

Platforms P2P Insurance

Claims Management and Resolution

Content

420+ FUNDED COMPANIES AND 650+ UNFUNDED COMPANIES

COVERS THE FOLLOWING SECTORS

Page 59: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201659

Internet-first Insurers (1/14)Company Overview Business Model Total Funding

instaCOVER(2005, Kirkland)

insurance coverage for sales or lease transactionsKeiretsu Forum Commercial $1.49M

Cover Your Business(2016, Stamford)

Commercial insurance providerCommercial

Homesite Business Insurance(2013, Seattle)

online small business insurance providerCommercial

Arro Insure(2015, Dublin)

Insurance provider for businessesCommercial

insure4drones(2015, )

Drone insurance providerCommercial

Digital Risks(2014, London)

Insurance provider for digital businessesCommercial

NAU Country Insurance Company

(1981, Ramsey)

Crop Insurance ProviderLightyear Capital Commercial

Assured Risk Cover(2014, Pleasanton)

Offering hurricane insurance coverage using technology and scienceInventus Capital Partners, Indian Angel Network Commercial

Go to BM List >>Employer

Insurance

Page 60: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201660

Internet-first Insurers (2/14)Company Overview Business Model Total Funding

ClimateSecure(2014, Paris)

Provides weather-risk management solutions and insuranceAXA Strategic Ventures Commercial

Sky Mutual(2015, Philadelphia)

Weather risk managementCommercial

Assureli(2014, Houston)

Insuring the funding to startupsCommercial

Founder Shield(2012, New York City)

Business insurance for startupsInterplay Ventures Commercial

InsuranceforStartups(2012, Chicago)

Insurance solutions for startupsCommercial

Cloudsurance(2015, Anaheim)

Provides Insurance For Cloud ConsumersCommercial > Cloud Insurance

Hacksurance(2015, Lincoln)

Website Insurance provider against Cyber-attacksCommercial > Cyber Insurance

Jumpstart Insurance Solutions(2015, Berkeley)

Earthquake Insurance providerCommercial > Emergency Crisis

Go to BM List >>Employer

Insurance

Page 61: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201661

Internet-first Insurers (3/14)Company Overview Business Model Total Funding

Cover My Trip(, )

Online Travel InsurancePersonal

Mobbisurance(2014, Johannesburg)

Mobile-based crop insurance providerPersonal > Crop Insurance

Safe Deposit Box Insurance Coverage

(2012, Elgin)

Safe deposit box insurance providerAdvantage Capital Personal > Deposit Insurance $1M

Bima(2010, Stockholm)

Provider of mobile-delivered insurance in emerging marketsKinnevik AB, Digicel Group, LeapFrog Investments, Millicom Personal > Life & Health $65.4M

Jagadiri(2015, Jakarta)

Online insurance providerPersonal > Life & Health

Oscar(2012, New York City)

Internet-first health insurance providerFidelity Investments, Khosla Ventures, Goldman Sachs, Founders Fund, General Catalyst Partners, Thrive Capital, Glynn Capital, Lakestar, Red Swan Ventures, Formation 8, Google Capital, Breyer Capital, Wellington Management, Darwin Ventures, Lerer Hippeau Ventures, Ping An Ventures, BoxGroup, Nima Capital

Personal > Life & Health > Health

$727.5M

Clover Health(2014, San Francisco)

Healthcare insurance for senior citizensFirst Round Capital, Nexus Venture Partners, Sequoia Capital, AME Cloud Ventures, Spark Capital, Athyrium Capital Management, Greenoaks

Personal > Life & Health > Health

$295M

Go to BM List >>Employer

Insurance

Page 73: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201673

Employer Insurance (1/6)

Internet-first

Insurers << Go to BM List >> Enablers

Page 74: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201674

Employer Insurance (2/6)

Internet-first

Insurers << Go to BM List >> Enablers

Page 75: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201675

Employer Insurance (3/6)

Internet-first

Insurers << Go to BM List >> Enablers

Page 76: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201676

Employer Insurance (4/6)

Internet-first

Insurers << Go to BM List >> Enablers

Page 77: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201677

Employer Insurance (5/6)

Internet-first

Insurers << Go to BM List >> Enablers

Page 78: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201678

Employer Insurance (6/6)

Internet-first

Insurers << Go to BM List >> Enablers

Page 79: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201679

Enablers (1/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 80: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201680

Enablers (2/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

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Insurance Tech – October 201681

Enablers (3/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

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Insurance Tech – October 201682

Enablers (4/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

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Insurance Tech – October 201683

Enablers (5/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 84: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201684

Enablers (6/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 85: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201685

Enablers (7/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 86: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201686

Enablers (8/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 87: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201687

Enablers (9/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

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Insurance Tech – October 201688

Enablers (10/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 89: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201689

Enablers (11/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 90: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201690

Enablers (12/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 91: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201691

Enablers (13/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 92: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201692

Enablers (14/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 93: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201693

Enablers (15/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 94: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201694

Enablers (16/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 95: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201695

Enablers (17/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 96: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201696

Enablers (18/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 97: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 201697

Enablers (19/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

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Insurance Tech – October 201698

Enablers (20/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

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Insurance Tech – October 201699

Enablers (21/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

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Insurance Tech – October 2016100

Enablers (22/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

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Insurance Tech – October 2016101

Enablers (23/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

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Insurance Tech – October 2016102

Enablers (24/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

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Insurance Tech – October 2016103

Enablers (25/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

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Insurance Tech – October 2016104

Enablers (26/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

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Insurance Tech – October 2016105

Enablers (27/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

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Insurance Tech – October 2016106

Enablers (28/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

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Insurance Tech – October 2016107

Enablers (29/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

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Insurance Tech – October 2016108

Enablers (30/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

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Insurance Tech – October 2016109

Enablers (31/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 110: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016110

Enablers (32/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 111: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016111

Enablers (33/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 112: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016112

Enablers (34/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 113: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016113

Enablers (35/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 114: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016114

Enablers (36/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 115: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016115

Enablers (37/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 116: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016116

Enablers (38/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 117: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016117

Enablers (39/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 118: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016118

Enablers (40/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 119: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016119

Enablers (41/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 120: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016120

Enablers (42/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 121: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016121

Enablers (43/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 122: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016122

Enablers (44/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 123: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016123

Enablers (45/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 124: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016124

Enablers (46/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 125: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016125

Enablers (47/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 126: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016126

Enablers (48/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 127: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016127

Enablers (49/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 128: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016128

Enablers (50/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 129: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016129

Enablers (51/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 130: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016130

Enablers (52/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 131: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016131

Enablers (53/53)

Employer

Insurance << Go to BM List >>

Distribution

Platforms

Page 141: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016141

Distribution Platforms (10/55)

Enablers << Go to BM List >> P2P Insurance

Page 142: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016142

Distribution Platforms (11/55)

Enablers << Go to BM List >> P2P Insurance

Page 143: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016143

Distribution Platforms (12/55)

Enablers << Go to BM List >> P2P Insurance

Page 144: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016144

Distribution Platforms (13/55)

Enablers << Go to BM List >> P2P Insurance

Page 145: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016145

Distribution Platforms (14/55)

Enablers << Go to BM List >> P2P Insurance

Page 146: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016146

Distribution Platforms (15/55)

Enablers << Go to BM List >> P2P Insurance

Page 147: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016147

Distribution Platforms (16/55)

Enablers << Go to BM List >> P2P Insurance

Page 148: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016148

Distribution Platforms (17/55)

Enablers << Go to BM List >> P2P Insurance

Page 149: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016149

Distribution Platforms (18/55)

Enablers << Go to BM List >> P2P Insurance

Page 150: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016150

Distribution Platforms (19/55)

Enablers << Go to BM List >> P2P Insurance

Page 151: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016151

Distribution Platforms (20/55)

Enablers << Go to BM List >> P2P Insurance

Page 152: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016152

Distribution Platforms (21/55)

Enablers << Go to BM List >> P2P Insurance

Page 153: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016153

Distribution Platforms (22/55)

Enablers << Go to BM List >> P2P Insurance

Page 154: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016154

Distribution Platforms (23/55)

Enablers << Go to BM List >> P2P Insurance

Page 155: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016155

Distribution Platforms (24/55)

Enablers << Go to BM List >> P2P Insurance

Page 156: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016156

Distribution Platforms (25/55)

Enablers << Go to BM List >> P2P Insurance

Page 157: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016157

Distribution Platforms (26/55)

Enablers << Go to BM List >> P2P Insurance

Page 158: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016158

Distribution Platforms (27/55)

Enablers << Go to BM List >> P2P Insurance

Page 159: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016159

Distribution Platforms (28/55)

Enablers << Go to BM List >> P2P Insurance

Page 160: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016160

Distribution Platforms (29/55)

Enablers << Go to BM List >> P2P Insurance

Page 161: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016161

Distribution Platforms (30/55)

Enablers << Go to BM List >> P2P Insurance

Page 162: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016162

Distribution Platforms (31/55)

Enablers << Go to BM List >> P2P Insurance

Page 163: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016163

Distribution Platforms (32/55)

Enablers << Go to BM List >> P2P Insurance

Page 164: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016164

Distribution Platforms (33/55)

Enablers << Go to BM List >> P2P Insurance

Page 165: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016165

Distribution Platforms (34/55)

Enablers << Go to BM List >> P2P Insurance

Page 166: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016166

Distribution Platforms (35/55)

Enablers << Go to BM List >> P2P Insurance

Page 167: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016167

Distribution Platforms (36/55)

Enablers << Go to BM List >> P2P Insurance

Page 168: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016168

Distribution Platforms (37/55)

Enablers << Go to BM List >> P2P Insurance

Page 169: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016169

Distribution Platforms (38/55)

Enablers << Go to BM List >> P2P Insurance

Page 170: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016170

Distribution Platforms (39/55)

Enablers << Go to BM List >> P2P Insurance

Page 171: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016171

Distribution Platforms (40/55)

Enablers << Go to BM List >> P2P Insurance

Page 172: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016172

Distribution Platforms (41/55)

Enablers << Go to BM List >> P2P Insurance

Page 173: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016173

Distribution Platforms (42/55)

Enablers << Go to BM List >> P2P Insurance

Page 174: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016174

Distribution Platforms (43/55)

Enablers << Go to BM List >> P2P Insurance

Page 175: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016175

Distribution Platforms (44/55)

Enablers << Go to BM List >> P2P Insurance

Page 176: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016176

Distribution Platforms (45/55)

Enablers << Go to BM List >> P2P Insurance

Page 177: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016177

Distribution Platforms (46/55)

Enablers << Go to BM List >> P2P Insurance

Page 178: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016178

Distribution Platforms (47/55)

Enablers << Go to BM List >> P2P Insurance

Page 179: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016179

Distribution Platforms (48/55)

Enablers << Go to BM List >> P2P Insurance

Page 180: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016180

Distribution Platforms (49/55)

Enablers << Go to BM List >> P2P Insurance

Page 181: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016181

Distribution Platforms (50/55)

Enablers << Go to BM List >> P2P Insurance

Page 182: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016182

Distribution Platforms (51/55)

Enablers << Go to BM List >> P2P Insurance

Page 183: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016183

Distribution Platforms (52/55)

Enablers << Go to BM List >> P2P Insurance

Page 184: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016184

Distribution Platforms (53/55)

Enablers << Go to BM List >> P2P Insurance

Page 185: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016185

Distribution Platforms (54/55)

Enablers << Go to BM List >> P2P Insurance

Page 186: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016186

Distribution Platforms (55/55)

Enablers << Go to BM List >> P2P Insurance

Page 187: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016187

P2P Insurance (1/6)

Distribution

Platforms << Go to BM List >>

Claims

Management and

Resolution

Page 188: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016188

P2P Insurance (2/6)

Distribution

Platforms << Go to BM List >>

Claims

Management and

Resolution

Page 189: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016189

P2P Insurance (3/6)

Distribution

Platforms << Go to BM List >>

Claims

Management and

Resolution

Page 190: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016190

P2P Insurance (4/6)

Distribution

Platforms << Go to BM List >>

Claims

Management and

Resolution

Page 191: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016191

P2P Insurance (5/6)

Distribution

Platforms << Go to BM List >>

Claims

Management and

Resolution

Page 192: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016192

P2P Insurance (6/6)

Distribution

Platforms << Go to BM List >>

Claims

Management and

Resolution

Page 193: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016193

Claims Management and Resolution (1/3)

P2P Insurance << Go to BM List >> Content

Page 194: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016194

Claims Management and Resolution (2/3)

P2P Insurance << Go to BM List >> Content

Page 195: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016195

Claims Management and Resolution (3/3)

P2P Insurance << Go to BM List >> Content

Page 198: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Q&A with Industry Experts

Team

198198

Page 199: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016199

Tracxn Presents an exhaustive Q&A on Insurance Tech Sector

Andrea TraversonePartner

Amadeus Capital Partners

John Massey

Managing Director, Consulting

Leo Tech

Patrick Kershaw

Managing Director, Investments

Leo Tech

In collaboration with

Page 211: Tracxn Research — Insurance Tech Landscape, October 2016

Insurance Tech – October 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Q&A with Industry Experts

Team

211211