This morning, Anna Heim and Alex Wilhelm dug into the EU insurtech market, interviewing European VCs and collating the greatest current rounds to take the temperature of the waters throughout the pond:
- Alex Timm, CEO, Root
- Dan Preston, CEO, MetroMile
- Luca Bocchio, associate, Accel
- Florian Graillot, investor, Astorya.vc
- Stephen Brittain, director and founder, Insurtech Gateway
Several European-based insurtech startups entered unicorn territory this yr, reminiscent of Bought By Many, which affords pet insurance coverage; London-based Zego; and Alan, a French startup that raised a $220 million spherical.
According to Brittain, EU startups on this sector are “still at the very early stages of innovation,” having solely proven “a fraction of what’s possible” in a market that’s “as large as banking.” Interestingly, he predicted that AI will play a bigger function in the future as firms deploy it for fraud detection, improved buyer experiences and processing claims extra shortly.
“We are fully expecting the next generation of AI-driven business to unlock real-time risk analysis, pricing and claims resolution in the next few years,” he mentioned.
Thanks very a lot for studying Extra Crunch; I hope you may have a secure, enjoyable weekend.
Senior Editor, TechCrunch
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Dear Sophie: What is a range inexperienced card and the way do I apply for one?
I began a tech firm about two years in the past, and ever since I’ve dreamed of increasing my firm in the United States.
I might like to have a inexperienced card. Someone talked about that I ought to apply for a range inexperienced card. Would you please present me with extra particulars about it and easy methods to apply?
— Technical in Tanzania
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