12 March 2021 Insurtech case studies innovation in action As part of Information Age s Disruptive Innovation month, we looked at some insurtech case studies for examples of innovation in action
The number of insurtech companies has exploded over the last five years.
The insurance industry, like other traditional sectors, is experiencing a wave of disruption at the hands of more nimble, innovative insurtech start-ups.
In this article, Information Age explores six of these insurtech case studies, which are demonstrating innovation in action across insurance.
1. SO-SURE and win-win insurance
SO-SURE is an insurtech that was launched to meet a growing need for change in insurance an industry that has been too expensive, lacks transparency and has a painful claims processes.
Tesla is often cited as a disrupter of the auto industry.
But Tesla is less disruptive than a new company, Fisker Inc.
Fisker s asset-light model is closer to the true theory of disruptive innovation.
Nobody really saw this one coming. A year ago, Henrik Fisker was an admired auto-industry veteran, but with a failed startup behind him. Fisker Automotive s 2013 bankruptcy sent Fisker back to his roots in design for a spell, but it didn t discourage him from taking another crack at building a car company.
But Fisker Inc. was mainly concept vehicles and Henrik s one-man marketing machine until mid-2020. Up to that point, much of the electric-vehicle narrative revolved around Tesla, with the traditional car industry s frantic efforts to catch up to CEO Elon Musk forming the key subplot.
The Globe and Mail Adam Mayers Published March 5, 2021
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At the age of 58, when most people start looking ahead to retirement, Catherine Wood launched an investment management company in New York to capture the potential of a coming wave of technological change.
Almost seven years later, Ark Investment Management LLC has grown from a US$15-million venture into one in which the flagship exchange-traded fund (ETF) manages about US$18-billion in assets. Ark Innovation ETF ARKK-A is the largest actively managed ETF on any global exchange. It ranked in the first percentile among 604 funds in its class in 2020, according to Morningstar Research, with a 152.8-per-cent return. The ETF has struggled thus far in 2021, up only 0.5 per cent year-to-date.
Cebu City plunges to 52nd rank in 2021 Tholons innovation index yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
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