InsurTech weekly - Could this 40-year-old solution lose relevance amid the AI boom?

_{1/ AI-based value-added in insurance}

After all the hype over artificial intelligence (AI), the value is hard to find. CEOs have authorized investments, hired talent, and launched pilots—but only 22% of companies have advanced beyond the proof-of-concept stage to generate some value, and only 4% are creating substantial value, according to new BCG research. BCG's new report yields important insights into what AI leaders are doing to drive real value from the technology, where others fall short, where the value is coming from, how individual sectors are performing, and how companies can change their own AI trajectories.

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_{2/ The state of FinTech as of Q3 2024}

FT Partners released its quarterly report on the state of the FinTech industry. It's based on every deals announced over the last three months and explores major trends at work - across sub-verticals, maturity stages or geographies.

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_{3/ Is the future of AI to become more vertical?}

After building one of the largest vertical SaaS portfolios in venture, we (Bessemer Ventures Partner) learned that great vertical software companies can unseat incumbents, transform industries and the way people work, and become highly profitable, generational businesses. Now that the top 20 public vertical SaaS companies in the US have a combined market capitalization of ~$300 billion, this perspective feels obvious, but when Bessemer started investing in Mindbody, Shopify, Procore, and others back in the early 2010s, vertical software startups were seen as “sleepy” and their potential was uncertain.

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