Hot Off The Press
This new Leader’s Edge story on Insurtech investment largely illustrates the carrier investment activity year-to-date. Also, Brian Hetherington, CEO and Co-Chairman of ABD Insurance and Financial Services in Silicon Valley, gets real on the back-end capabilities in a firm:
“If you could make it simple to have a front end so that [clients] don’t have to worry about what’s behind it, then you can swap out the [back-end] technologies as they happen,” he says. “You figure out how to swap out the pieces that are going to help you do workers comp claims or loss control or open enrollment or claims handling, deductible management, healthcare management for chronic illnesses, prescription management. All of these things are more back end. There are companies trying to do those pieces, but I don’t know who the clear leader is in any of them yet.”
Also, make sure to add What Do Startup Insurtech Companies Do? to your reading.
|PE HUB: Ribbit Capital targets $300M for Fourth Fund
The Palo Alto, a California-based venture firm focuses on the financial services sector with a keen interest in Insurtech with bets place on Gusto, Jetty, Next Insurance and Policy Bazaar.
“This body is going to work on standardizing the technology for enterprise settings, and that will only help the public Ethereum main net,” Andrew Keys, head of global business development at ConsenSys, one of the founding members, told Bitcoin Magazine. Another founding member of this blockchain alliance? The Institutes.
“Utilizing global statistics of total visitors, Alexa reported Softheon as the leading Health Insurance Commerce web site with the highest visitors. For the month of December, Softheon was behind only ehealthinsurance.com, but ahead of Benefitfocus, Mercer, Tower Watson and other leading private exchange web sites.”