Recap of insurance tech at the Future of Fintech Conference. Q&A with Bunker Protect.
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Last week, we were lucky enough to host our first-ever Future of Fintech Conference. Two of the major themes discussed among panelists and speakers were startup formation growth in insurance as well as corporate venturing within the sector.
A big thanks to all the startups that participated in the private company track at the conference. We’ll highlight the insurance tech startups that presented at the conference as well as their full deck presentations next week.
NEA’s cyber insurance startup investment
One of the stealthier startups mentioned at the conference in the insurance tech space was Cyence, which last year was reported to power Marsh’s cyber risk assessment services.
Here’s what NEA partner Ravi Viswanathan (@ravi_vis) said at the conference:
Corporates not slowing down
Since the start of June, China Life, Hannover Re, Manulife, Ping An Ventures, XL Innovate, Liberty Mutual Ventures, American Family Ventures, and Hiscox all announced new startup investments (see where at the bottom of the newsletter).
As the visualization below shows, 2016 is on-pace to top 2015’s total tech startup investments by insurers and reinsurers by a significant amount.