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It’s a channel. Nothing more, nothing less. People can exchange information by phone, fax, website, app or a chatbot. Nothing makes me crazier than when a potential customer asks, “I am being approached by so many chatbot companies, what makes you guys different?” This can mean only one thing – it is time to separate the wheat from the chaff. Now let’s take a step back. What does Elafris do?…

In an interview with Lisa Moyle, portfolio director of InsurTech Rising, we dive into the importance of partnerships and investments with insurtechs. She recently hosted InsurTech Bytes – a podcast for the future of insurance, which has kicked off with a panel of insurtech investors and partnership pioneers. 2016 saw a lot of hype around insurtech, with record levels of investment. How is the insurtech sector maturing? There has been…

The business of property and casualty insurance—assessing risk, collecting premiums and paying claims—hasn’t changed much since 1861, when a group of underwriters sold the first policies to protect London homeowners against losses from fire. Recently, though, the insurance industry has embarked on a radical transformation, one spurred by a series of digital innovations whose widespread adoption is just a few years away. Bain & Company and Google have identified seven…

InsurTech is a relatively new industry. However, it’s developing quite fast and becoming one of the most booming verticals in the FinTech space. First of all, don’t pay too much attention to the 34% drop in the InsurTech market in 2016; it actually grew up by 25% considering the number of deals. The year 2015 showed an abnormal rise in the InsurTech market, which was mainly driven by Chinese large…