It’s a new month and we can confirm exciting times are afoot!
As per usual, there have been some interesting moves in the insurance industry. Investment rounds continue to roll in and partnerships between insurtechs and incumbents remain a huge part of the industry’s growth.
A look back at August 2022…
India’s very own Digit Insurance has also become the latest insurtech to announce an intention to go public. It’s probably not been long enough to tell whether the insurtech IPO boom has been a success, but nevertheless this represents more intent from the challengers to make their mark on the industry.
Last month saw the announcement that Lemonade (incidentally the first insurtech to go public) sold Metromile’s Enterprise Solution Platform to B2B insurtech giant EIS. Having seen Hippo Insurance acquire Spinnaker and Sheltr, are moves like this about to become the norm for established insurtechs? Make no mistake, over the last 2 years we have seen big moves that will continue to affect and, dare we say it, disrupt the industry for years to come.
In other news, for the first time the whole team at DIA and ITC Europe met up in Barcelona to discuss how we can create an exceptional event for the insurance industry. The Fira de Barcelona has incredible potential and the team has only become more excited since visiting the venue.
So, what’s to come in September?
Those in the know will also be getting excited about ITC Vegas, the insurance industry’s flagship event. We’ll see faces, both familiar and new plus, as always we’re looking forward to making new connections and partnerships to arise. Vegas will shortly be followed by DIA’s Munich conference where insurtechs will be celebrated in style with their show&tell formats. So here’s to the end of Q3 – let’s celebrate in style as we head into Q4!