U + publishes list of the best InsurTech innovators to watch

SAN FRANCISCO, December 14, 2021 (GLOBE NEWSWIRE) – U +, world leader in digital innovation, announces the publication of its list of Top InsurTech innovators to watch. The companies included were selected from the full range of insurance coverage, from life, pet and parametric insurance providers to home and auto insurance providers, using technology to add products and improve service. to customers all over the world.

“The use of smart technologies in insurance is booming, with an increasing number of insurance companies making strategic investments in digital innovation,” said U + Founder and CEO Jan Beránek. “The innovative and insurance-driven startups on this list are guided by progressive leadership and they free insurers from the constraints of cumbersome legacy systems that fail to meet the demands of current consumer expectations. “

There are insurers for most areas of life that present risk, but those with the customer experience at the forefront are looking to reduce costs and customer application time, while providing more personalized customer experiences. . The companies highlighted in the Top InsurTech innovators to watch list are classified as insurtech startups because they focus on efficiency and cost savings.

According to a Reuters report, investments in insurtech startups around the world totaled $ 10.5 billion in the first nine months of 2021. Third-quarter investment totaled $ 3.1 billion, an increase of 23% compared to the third quarter of 2020.

InsurTech innovators to watch include:

Pula, Switzerland – An agricultural insurance provider using technology and parametric insurance to serve a previously uninsured market of 1.5 billion smallholder farmers globally, primarily in Africa and Asia. The award-winning company uses insurance and digital products to help farmers manage climate risks that directly impact farms, livestock and crops.

Lemonade, United States – A licensed insurance company using an artificial intelligence (AI) robot to help customers with renters, homeowners, auto, pet and home insurance policies term life insurance in the United States; the company also offers liability and content insurance to its customers in France, the Netherlands and Germany. Rather than waiting days or weeks for a claim to be approved, Lemonade’s AI has the ability to process and approve claims instantly, while reducing costs.

To see U + ‘s full list of top InsurTech innovators to watch, please visit https://innovate.u.plus/insurtech-watchlist-.

U + has selected its The best InsurTech innovators of 2021 after extensive market research, leveraging databases such as CB Insights and Crunchbase. The digital innovation company also took into account factors such as the number of customers and the amount and date of funds raised.

About U +
U + is a leading global digital innovation company specializing in business research and development, the creation and launch of business and startup innovations, and the transformation of digital ideas for Fortune 1000 companies into real products. Over the past 12 years, U + has successfully turned over 90 ideas into reality with a total valuation exceeding $ 1 billion across Fintech, Energy, Telco, Automotive and E-health, including Swiss Re, AXA Insurance, Societe Generale and other companies in the insurance sector. industry. For more information, please visit https://u.plus/.

MEDIA CONTACT
Lea RH Robinson
Lead blanket
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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4004f215-6d5c-4d5a-8157-db589a99b77f


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