This report uses the CB Insights MVP Technology Framework to rank tech market planning decisions and give P&C insurers an adoption playbook for underwriting data solutions.
CB Insights examined tech markets across P&C insurance underwriting data solutions using the MVP framework. This methodology scores top tech markets across two metrics:
Market momentum — Measures private market activity as a signal of the degree of overall market potential. Signals include the number of startups, the amount of capital invested, and the relative maturity of startups in the space, among others.
Industry leader activity — Assesses the degree of tech market involvement among established industry players. Signals include CVC activity, industry and executive chatter, and patent filings, among others.
P&C insurance leaders are shifting more of their R&D budgets toward transformational innovation, focusing on novel technologies that can improve the efficiency and efficacy of underwriting processes.
In this report, we evaluate 9 tech markets that P&C insurers should monitor, vet, and prioritize toward this effort, including:
- Auto telematics
- Commercial IoT
- Geospatial analytics
- Hyperlocal weather analytics
- Underwriting data platforms
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