The Rise and Potential of InsurTech | With Amir Kabir

In this Episode 10 of Insurtech Unscripted, Ali Safavi talks about innovations in the market. Did you know that the insurance industry saw its first technology wave back in the 1980s? Today's guest, Amir Kabir, general partner at AV8 and a well-known investor in the InsureTech space, is here to take us on a truly enlightening journey through the evolution of InsureTech. We'll start from the birth of big insurance companies in the early 1900s, moving into the tech infusion of the 80s and 90s, and finally arriving in the present day with a focus on the rise of venture capital funding and the birth of "InsureTech".

We'll also venture into the world of the second wave of InsureTech - highlighting the critical issue that startups in the field are trying to solve: a lack of customer-centricity in the insurance industry. We will discuss intriguing opportunities in niche insurance categories like collectibles insurance and the power of B2B2C distribution channels. Get ready to navigate through the challenge of identifying large and back able markets for digital innovation in the industry. 

Finally, we'll ponder on the potential for monumental success in the InsureTech, discussing the prospects of a $50 billion exit and how it stands when compared to the market value of established insurance companies. We'll also touch on the role of tech in enhancing underwriting and profitability in niche insurance markets, and the potential of startups to become risk-bearing entities. Join us as we unravel these fascinating concepts and journey through the transformative world of InsureTech.

COVU is founded and advised by a team of insurance, finance, and tech industry veterans with a passion for transparent and unbiased advice. COVU's mission is to help both everyday people and professional advisors manage risk and insurance smarter. We help our customers find and fill their coverage gaps and achieve true peace of mind.

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