InsurTech weekly - How innovation is upgrading insurance agents

1️⃣ InsurTech trends towards revamping agents

A common narrative among industry outsiders at the time was that direct and fully-online channels would inevitably displace traditional agent distribution. This turned out to be pretty naive and way off the ball. In the years that followed, we’ve seen a classic investment cycle rapidly play out, as insurtech surged and evolved into a consensus venture opportunity space.

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2️⃣ The future of cars is autonomous

The dream of seeing fleets of driverless cars efficiently delivering people to their destinations has captured consumers’ imaginations and fueled billions of dollars in investment in recent years. But even after some setbacks that have pushed out timelines for autonomous-vehicle (AV) launches and delayed customer adoption, the mobility community still broadly agrees that autonomous driving (AD) has the potential to transform transportation, consumer behavior, and society at large.

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3️⃣ FinTech valuations based on public comparables

It’s been no secret that FinTech has been one of the hottest sectors over the past few years, and one of the greatest beneficiaries of the capital that fled into the tech ecosystem over the last cycle. However, with the downturn in the public and private tech sectors, FinTech has not been immune. Number of investments made in 2022 were nearly half of the number made in 2021, with Q4 2022 marking the slowest quarter in fintech funding since 2018.

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