InsurTech
topic on 4 shows · 8 statements across 5 episodes
the Y Combinator Startup Podcast 
Top Founders 
the a16z Podcast 
20VC
8 statements about InsurTech, every show
Julie Yoo: Healthcare insurtech startups face strict state-by-state reserve requirements
“If you're building an insurtech business in healthcare, there are regulatory requirements around cash reserves and, you know, what kind of financial profile you need to have as a business to be able to stand up and it's state by state as well.”
Somerville: Picking category winners in weak sectors yields poor growth-stage returns
“You can pick a winner in a bad category, and you can still really not do well if you're entering in at a growth phase. I think we've picked some companies that have proven to be the category leader, but if it's in an area like InsureTech, or areas of PropTech,…”
Full-Stack Insurtech Startups Will Likely Fail and Burn Cash
“Folks who are attacking, you know, every aspect of this at once are probably not going to get any of them right and burn a lot of money right out the gate.”
Wand: InsurTech startups look one funding round earlier than they actually are
“In general, what happened, and this is my view for InsurTech, is There's a lot of interest and demand, and a lot of players actually wants to do something in this field. However, every company looks one round earlier than it should be. What I mean is that a co…”
Wand: VCs undervalue InsurTechs because they misunderstand insurance de-risking mechanics
“VCs don't really understand insurance. So they don't understand the risking that was done behind the scene. To lower the risk and actually bring you to have a customer. They don't understand how you manage your claims, and what you've done on the reinsurance, …”
Wand: Disregard for structure drives Israeli entrepreneurs into insurtech
“As Israelis, we don't have a lot of respect to structures, which is maybe why there's a lot of Israelis working in insurtech, because it's a regulated industry, and to begin with, we don't have a lot of values to regulated industries.”
Startupbootcamp Graduated 400 Companies Across 60 Programs by 2017
“We have now had about 60 programs in the fintech and insured kind of verticals but overall we started bootcamp. We now had 400 companies that graduated.”
InsurTech Is Less Crowded and More Lucrative Than FinTech
“We're close to reaching peak fintech when it comes to the hype, and little by little, entrepreneurs are figuring out that, that the insurance space is, is potentially more lucrative, it's less crowded, there's a bigger, there's so many problems to solve, they'…”