According to PwCs March report, InsurTech: A golden opportunity for insurers to innovate, one in five insurers is engage[d] in joint partnerships with fintech companies. INN continues to monitor the latest entrants to the insurtech market read on for the June update.
Swyfft
Backed by National Specialty Insurance Company, Swyfft uses patented analytical methods and unique data sources to more accurately assess the risks to your home and property.
August Home
Liberty Mutual is among the investors in August Home, a smart-home device company.
League
After an influx of $25 million in June, Toronto's League is preparing to deliver a mobile health insurance benefits platform.
Montoux
Identifying the need for life insurance companies to get to market quickly, Montoux is a collaboration and product design platform for those carriers that aims to shorten the distance between stakeholders.
Quilt
Planning to launch this summer, Quilt promises a "new kind" of insurance experience, "and no phone calls."
Gusto
Another company taking aim at benefits delivery is Gusto, which offers workers' compensation insurance in addition to its payroll, benefits and compliance services.
Notion
XL Group and Liberty Mutual are invested in Notion, another smart-home device company.
Fabric
The newest company on this list, is also taking aim at the life insurance industry to make it easier to acquire the product.