Sam Evans

As with many parts of insurtech, the underlying driver is the move from pure risk transfer to risk mitigation, and from prevention to prediction.

In the current environment, the sales cycle for onboarding at an insurer averages 12 months. That is an awfully long time for a startup.

The ability to combine innovation with a model that improves the way individuals perceive and interact with insurance is critical.

The potential for innovation in commercial lines is actually larger than in personal lines but has so far been relatively modest.

Why can’t insurance work in the same way as Amazon, easy, seamless, one-click, no hassle, managed through your mobile and regular updates?

External data and contextual information will become increasingly more important than historical internal data for predicting risk and pricing.

The impact of insurtech is at least 40% to the average carrier -- with a 20% possible upside, and a 20% downside scenario.

For one, external data and contextual information will become more important than historical internal data for predicting risk and for pricing.