NEW YORK, October 11, 2018 /PRNewswire/ --
US technology companies are leading the transformation of the insurance industry and have taken 39 places on the InsurTech 100, a global list of innovative companies that every leader in the insurance industry needs to know about in 2019.
Over the last five years, 147 US InsurTech (insurance technology) companies raised $4.3bn in investment capital, according to FinTech Global, a specialist research firm that co-ordinated the panel of industry experts who voted for the InsurTech 100.
"All insurance companies are aware they need to re-think their business models - the InsurTech 100 identifies some of the solution providers that could become their competitors or partners in the next few years," says Richard Sachar, a director of FinTech Global.
US companies on the list include:
Boost Insurance: A next generation InsurTech development platform built to provide backend infrastructure to emerging InsurTech start-ups, digital platforms and innovative insurance products.
Bunker: A digital small business insurance broker licensed in all 50 states, working with leading insurance carriers in building new and unique insurance products.
Cape Analytics: Uses AI and geospatial imagery to provide instant property intelligence for buildings to insurance companies across the United States.
Carpe Data: Provides next generation predictive scoring and data products to P&C and life insurance companies, by leveraging the social web, online content, wearables and connected devices.
Clearsurance: Offers the first and only customer-generated rating metric exclusively focused on the insurance industry. Clearsurance publishes customer reviews and ratings on homeowners, renters and car insurance companies, and third-party sellers.
CoverHound: InsurTech company for consumers and businesses to easily compare and purchase insurance, built to deliver fast, accurate and actionable rates from leading US carriers based on specific needs.
Denim: A cloud-based platform enabling marketing teams to scale micro-targeted, hyper-local mobile and social media ad campaigns on behalf of agents or advisers.
Kin Insurance: Helps homeowners get comprehensive coverage at low prices by leveraging large amounts of publicly available data to inform risk selection.
Pie Insurance: Leverages data analytics to provide workers' compensation insurance directly to small businesses through online purchase.
RiskGenius: The company has built a smart forms library which uses AI to enable carriers find, compare, and analyse policy language in seconds or minutes rather hours or weeks.
The full InsurTech 100 and further details of each company can be downloaded for free from the website: http://www.TheInsurTech100.com.
SOURCE FinTech Global