This morning, Anna Heim and Alex Wilhelm dived into the EU insurtech market by interviewing European venture capitalists and collating recent surveys to measure the temperature of the water in the pond:
- Alex Timm, CEO, Root
- Dan Preston, CEO of MetroMile
- Luca Bocchio, Partner, Accel
- Florian Greio, Investor, Astorya.vc
- Stephen Britten, Director and Founder of Insurtech Gateway
Several European startups insurtech have entered unicorn territory this year, such as Bought By Many, which offers pet insurance; London Zego; and Alan, a French startup that raised a $ 220 million round.
According to Britten, EU startups in this sector are “still in the very early stages of innovation,” showing only “a fraction of what is possible” in a market that is “the size of banking”. Interestingly, he predicted that AI will play a more important role in the future, as companies will use it to detect fraud, improve customer experience, and process requests faster.
“We fully expect the next generation of AI business to open up opportunities for risk analysis, pricing and real-time claims resolution in the next few years,” he said.
Thanks so much for reading Extra Crunch; Hope you have a safe and relaxing weekend.
Senior Editor, TechCrunch
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Dear Sophie! What is a diversity green card and how do I apply for one?
I started a technology company about two years ago and have dreamed of expanding my company in the United States ever since.
I would like to receive a green card. Someone mentioned that I have to apply for a diversity green card. Could you please provide me with more details on this and how to apply?
– Technical in Tanzania
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