{"id":5276,"date":"2017-10-05T10:03:44","date_gmt":"2017-10-05T10:03:44","guid":{"rendered":"https:\/\/insights.invyo.io\/europe\/?p=5276"},"modified":"2019-07-30T14:33:41","modified_gmt":"2019-07-30T14:33:41","slug":"hunting-the-next-generation-of-insurtech-start-ups-in-europe","status":"publish","type":"post","link":"https:\/\/insights.invyo.io\/europe\/nos-ressources\/events\/hunting-the-next-generation-of-insurtech-start-ups-in-europe\/","title":{"rendered":"Hunting the Next Generation of InsurTech Start-ups in Europe"},"content":{"rendered":"

The insurance industry is ready for big changes. Emerging players are about to create new models based on prevention, assistance and interaction with customers.<\/strong><\/p>\n

InsurTech: Key Figures<\/h3>\n

According to a report published by PwC, 74% of insurance companies<\/strong><\/a> believe that some part of their business is at risk of disruption<\/strong>.<\/p>\n

\n

InsurTech represents a large market, which makes it attractive for VC investment<\/strong>. In the US alone insurance is a $1.2T market<\/strong><\/a>.<\/p>\n

\n

Almost a third of insurers<\/strong><\/a> do not deal with FinTech or InsurTech at all while nine in ten<\/strong>\u00a0fear losing part of their business to new players.<\/p>\n

\n

The estimated sales in the world of Wearable devices<\/strong> related to healthcare in 2019<\/strong> will reach 245 million units<\/strong><\/a>, tripling 2015 figure.<\/p>\n

\n

The expected Compound Annual Growth Rate (CAGR) for the period 2017-2022 of global cross-industry Connected Car<\/strong> revenues is around +24%<\/strong><\/a>.<\/p>\n

\n

The adoption of IoT products could generate a\u00a0potential loss reduction of -40%<\/strong><\/a>\u00a0for\u00a0Connected Home insurance<\/strong>.<\/p>\n

\n

In Italy,\u00a051% of people<\/strong><\/a> have access to prevention programmes<\/strong>\u00a0while the EU level is around 80%.<\/strong><\/p>\n

 <\/p>\n

Open-F@b<\/a> At a Glance<\/h3>\n
\"\"<\/a>
Open-F@b Call4Ideas 2017 by BNP Paribas Cardif<\/figcaption><\/figure>\n

Innovate to prevent, assist and protect. In its role of preventive insurer<\/strong> BNP Paribas Cardif, one among the top ten insurance companies in Italy<\/strong>, is building tomorrow’s insurance on this new paradigm.<\/p>\n

[divider]Theme[\/divider]<\/p>\n

This year, the international contest for startups will award the 3 most innovative ideas<\/strong> on Preventive Insurance<\/strong>.<\/p>\n

Projects should particularly deal with predictive models<\/strong> that allow preventive analysis<\/strong> to anticipate events, or with digital platforms, related objects or services designed to prevent or mitigate the risks<\/strong>. The focus will be made on health<\/strong>, family<\/strong>, home<\/strong> and mobility<\/strong>.<\/p>\n

[divider]Participants[\/divider]<\/p>\n

Anyone with innovative ideas<\/strong> can participate: startups, technology providers, professionals, developers, students etc.<\/p>\n

The objective is to identify the best technological<\/strong> and digital startups<\/strong> and build collaboration paths together with BNP Paribas Cardif.<\/p>\n

[divider]Reward[\/divider]<\/p>\n

The inventors of the most creative ideas<\/strong>, selected by a Committee composed by executives of BNP Paribas Group and BNP Paribas Cardif, by academic professionals in the digital technologies area and by experts, will be supported by the BNP Paribas Cardif R&D team<\/strong> which will help them to develop the idea, taking into account the needs of the market and of the Company.<\/p>\n

All finalists will present their proposals during the day of the final public event<\/strong> where the 3 most innovative ideas<\/strong> will be awarded by the Evaluation Committee. Winners will then be supported by the Company in the development and in the realization<\/strong> of their project.<\/p>\n

Note: with the fourth edition of Open-F@B Call4Ideas<\/strong> the investments planned in 4 years, distributed among the winning projects<\/strong>, raise the amount of 400.000\u20ac<\/strong>.<\/p>\n

\n

SUBMIT NOW<\/strong><\/h3>\n

(Deadline is October 23rd 2017<\/em>)<\/p>\n

\n

Techfoliance is a proud media sponsor of BNP Paribas<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The insurance industry is ready for big changes. Emerging players are about to create new models based on prevention, assistance and interaction with customers. InsurTech: Key Figures According to a report published by PwC, 74% of insurance companies believe that some part of their business is at risk of disruption. InsurTech represents a large market, […]<\/p>\n","protected":false},"author":2,"featured_media":5284,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[999],"tags":[1696,1700,1695,280,3,82,795,1607,321,1613,1284,448,1704,1697,1703,1699,1459,1702,1698,1701,1705,1706],"yoast_head":"\nHunting the Next Generation of InsurTech Start-ups in Europe - INVYO Insights Europe : Media Fintech<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insights.invyo.io\/europe\/nos-ressources\/events\/hunting-the-next-generation-of-insurtech-start-ups-in-europe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hunting the Next Generation of InsurTech Start-ups in Europe - INVYO Insights Europe : Media Fintech\" \/>\n<meta property=\"og:description\" content=\"The insurance industry is ready for big changes. 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