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InsurTech weekly: Tesla insurance upgraded

1️⃣ Tesla’s telematics solution v2.0 is out

Tesla is in the process of making major changes to its Safety Score system, primarily thanks to the fact that the technology is used to help determine individual premiums for its in-house auto insurance. The company's somewhat unique Safety Score technology has gone through multiple tweaks since its first release, as it appears Tesla may be using it much more going forward.

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2️⃣ Bill Gates on AI as the second revolution in IT

(…) The development of AI is as fundamental as the creation of the microprocessor, the personal computer, the Internet, and the mobile phone. It will change the way people work, learn, travel, get health care, and communicate with each other. Entire industries will reorient around it. Businesses will distinguish themselves by how well they use it.

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3️⃣ The switch from growth to profitability in FinTech

Flagship Advisory Partners recently examined a sample of 50 publicly listed fintech companies, comparing topline growth (based on gross profit*) and opex growth results between 2021 and 2022. The results suggest a clear dichotomy between mature fintechs and high-growth fintechs.

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📊 KPI on European InsurTech investments in March & Q1 2023

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