Boston, Massachusetts, May 25, 2017 – Strategy Meets Action (SMA), a leading insurance strategic advisory firm, has just released a new research report: InsurTech and Commercial Lines: A Surge of Activity and New Implications. The report analyzes the current state of the InsurTech world by assessing approximately 400 startups that SMA has identified as relevant for commercial lines insurers. Findings of the research include the following:
Almost 200 startups are what SMA calls Pure InsurTech – with an exclusive focus on the insurance industry.- Approximately one-quarter of the InsurTech startups have solutions for the connected world, including vehicles, property, and other areas insured by commercial lines companies.
- Insurers are investing in a series of strategic initiatives that support InsurTech and the digital connected world.
“P&C Personal lines and health insurance have generally attracted most of the attention in the InsurTech world,” said Deb Smallwood, SMA Founder and report coauthor. “However, there are a growing number and variety of InsurTechs focused on commercial that have spurred a great deal of activity in just the last six months.”
Insurers, InsurTech companies, solution providers, and media that are interested in learning more should contact Mark Breading at mbreading@strategymeetsaction.com or 614.562.8310.