Big PE deals in insurance tech. AXA Strategic Ventures guest post. Social Capital framework for insurance.
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Hi there,
For global insurers, microinsurance, a mechanism to protect low income individuals against risk, has been a fast-growth market, bolstered in part by mobile delivery and other digital innovations.
Today, we have a great guest post from Drew Aldrich (@drewkaldrich) of AXA Strategic Ventures on why going “micro” is the next big thing in insurance tech, even beyond opportunities in the low-income market.
Drew touches on ideas including automated insurance, micro-annuities, and bridging insurance and debt. Give it a read.
Not just VC
While we last week highlighted the growth in venture deal activity in insurance tech, there’s also been some notable moves on the PE side, including:
Apax Partners taking a majority stake in Accenture’s P&C insurance software provider Duck Creek Technologies.
Aquiline Capital Partners buying UK online small business insurance broker Simply Business for £120m.
Rumors that TPG is considering a sale of P&C insurance software company Vertafore for as much as $2.5B.
Madlibs for the insurance industry
Here’s an interesting framework from a recent blog post by Social Capital’s Alex Danco (@alex_danco). Any takers on “current industry” insurance? How would you fill in the rest of the Mad Lib? Send us your replies and we’ll publish one or two next week.
