Oxbow Partners launches fourth InsurTech Impact 25
March 24, 2021
We are pleased to share our 2021 InsurTech Impact 25 report with you.
This is the fourth Oxbow Partners InsurTech Impact 25, showcasing 25 technology-led businesses well placed to have an impact on the industry and help insurers succeed in the “digital decade”. Along with our Advisory Board, we spent six months reviewing over 150 companies to select this year’s Members. Members span the value chain and cover non-life, health and life insurance, personal lines and commercial. We believe that our rigorous review process – along with the fact that there is no direct or indirect fee for Membership – distinguishes the InsurTech Impact 25 from other InsurTech lists. Click here to access the report.
Topics covered in the report include:
- Does Covid mean that we are in a ‘new normal’ for digital innovation? We argue not because the conditions that led to rapid digitisation in 2020 were unique and there is limited read-across to 2021. Corporates need to keep pushing.
- Embedded insurance and ecosystems: Whilst many continue to debate whether insurance ecosystems are real or not, we see many InsurTechs building valuable businesses in new digital distribution channels. Corporates should make rapid action plans.
- Underwriting and claims: We illustrate how insurers can use InsurTech partners to improve their operational and technical processes, from submission through to pricing. Insurance is entering the bionic age and leaders need to embrace it.
- Health insurance: We argue that health insurers need to move fast to stay ahead in a market where non-insurance entities are intensifying competition. Insurers need to look broadly at their market landscape.
Chris Sandilands, Partner at Oxbow Partners comments,
“The InsurTech landscape is maturing but is as complicated as ever for our clients to navigate. We are excited about the progress being made by many of our previous and current Members, and this points to the importance of executives and investors spotting and working with the right technology partners. We hope that this report, and the Magellan insurance technology vendor platform which underpins it, give readers some navigational support.”