This morning, Anna Heim and Alex Wilhelm dug into the EU insurtech market, interviewing European VCs and collating the largest latest rounds to take the temperature of the waters throughout the pond:
- Alex Timm, CEO, Root
- Dan Preston, CEO, MetroMile
- Luca Bocchio, associate, Accel
- Florian Graillot, investor, Astorya.vc
- Stephen Brittain, director and founder, Insurtech Gateway
A number of European-based insurtech startups entered unicorn territory this 12 months, similar to Purchased By Many, which gives pet insurance coverage; London-based Zego; and Alan, a French startup that raised a $220 million spherical.
In line with Brittain, EU startups on this sector are “nonetheless on the very early phases of innovation,” having solely proven “a fraction of what’s doable” in a market that’s “as giant as banking.” Apparently, he predicted that AI will play a bigger position sooner or later as corporations deploy it for fraud detection, improved buyer experiences and processing claims extra rapidly.
“We’re totally anticipating the following era of AI-driven enterprise to unlock real-time danger evaluation, pricing and claims decision within the subsequent few years,” he mentioned.
Thanks very a lot for studying Further Crunch; I hope you might have a secure, stress-free weekend.
Senior Editor, TechCrunch
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Pricey Sophie: What’s a variety inexperienced card and the way do I apply for one?
I began a tech firm about two years in the past, and ever since I’ve dreamed of increasing my firm in the USA.
I’d like to have a inexperienced card. Somebody talked about that I ought to apply for a variety inexperienced card. Would you please present me with extra particulars about it and learn how to apply?
— Technical in Tanzania
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