Over 1,000 InsurTech startups are leading the overdue change in the insurance industry. Insurance innovators within the established risk carriers are actively working to continue what entrepreneurs and their investors have begun. But to have an even greater impact on the insurance industry, we need more decision makers and people who understand what InsurTech startups are about. So what exactly are InsurTech startups?

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WHAT ARE INSURTECH
STARTUPS?
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Karl Heinz Passler
• Startup Scout & Product Manager
• Top 10 Global InsurTech Influencer
• Co-Author of The InsurTECH Book
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InsurTech ThoughtLeader
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This Is For
Insurance Innovators
Scouts, Mentors and Coaches
• In traditional insurance corporations
• In Accelerators and Incubators
Investors and Analysts
• Engaging with InsurTech Startups
Entrepreneurs
• Changing the status of insurance
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WHAT ARE INSURTECH
STARTUPS?
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Hint: Merge InsurTech and startups.

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Let Us Beginn with
Characterizing
InsurTech

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InsurTech is the
intersection of two
distinct domains
Insur
Tech
Traditional
Insurance
Innovation &
Technology

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1st Domain
Traditional
Insurance
Insur
Tech
Traditional
Insurance
Innovation &
Technology

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Insur
Tech
Traditional
Insurance
Innovation &
Technology

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2nd Domain
Innovation &
Technology
Insur
Tech
Traditional
Insurance
Innovation &
Technology

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Insur
Tech
Traditional
Insurance
Innovation &
Technology

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InsurTech is what happens
at the intersection
of traditional insurance
and business innovation
paired with new
technology.
Insur
Tech
Traditional
Insurance
Innovation &
Technology

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Let Us Add a
3rd Domain
Scalable
Startups

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Traditional
Insurance
Innovation &
Technology
Scalable
Startups
Let Us Add a
3rd Domain
Scalable
Startups

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A Startup is a
• new venture
• satisfy a market need
• with new offering
• most likely to fail
Traditional
Insurance
Innovation &
Technology
Scalable
Startups

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Scalable Startups
• grow customer base
• grow operations
• grow profits
Traditional
Insurance
Innovation &
Technology
Scalable
Startups

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Traditional
Insurance
Innovation &
Technology
Scalable
Startups

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InsurTech
Startups
Traditional
Insurance
Innovation &
Technology
Scalable
Startups
Insurtech Startups Are
the Result When Three
Business Areas Converge
• Traditional insurance practice
• Business innovation & new
technologies
• Scalable startups

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Examples of
InsurTech Startups
Feel free to share this quote by Karl Heinz Passler
InsurTech
Startups
Traditional
Insurance
Innovation &
Technology
Scalable
Startups

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Karl Heinz Passler
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