Cleo Capital Insurtech Market Map

Technical Solutions

In general, the insurtech market enhances and even automates typical insurance processes through tech advances using big data aggregation and AI modeling. These improvements begin at the initial application process, where companies like Loop and Bestow offer customers instant quotes and access to their services. This trend has existed in the car insurance space and is becoming more prominent in other areas, including life insurance, where individuals can gain coverage without submitting blood tests.

Business Models

While much of the market applies technical innovations to familiar business models, many companies are creating sector-changing models that have the potential to transform the industry. Companies like Buddy and Slice Labs offer on-demand insurance that is accessible for short-term needs, even for a single day. This accessibility is a fundamental shift in the typical insurance business model, which typically requires individuals to prove their insurability through a time-consuming process.

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Cleo Capital

Cleo Capital

We are an early stage VC fund backing exceptional founders at the preseed & seed stages. @SarahKunst is our Managing Director. Pitch us at http://Cleocap.com.