Insurtech Front Page Weekly CXO Briefing: Exit Time

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We are trying a new format this week. Actually it is a format we have used for a while on Monday for Blockchain news, but with one key adaption.

The Insurtech Front Page Weekly CXO Briefing is all you need to know for the week, jargon free for CXO level business leaders and investors who want a piece of this huge, fast changing market.

The Insurtech Front Page Weekly CXO Briefing selects 3 news items that matter. We keep it to 3 because we know that you are busy. If it is a big news week, it is our job to find the 3 news stories that matter so that you get a high signal to noise ratio. For each news item we offer Hey! This our view on why the news is important and why you should pay attention. 

That is exactly like the Blockchain Weekly CXO Briefing but with one big difference. Each week we select one big theme which applies to all the three news items. This is our “Big One”. We also offer our Hey! analysis of the Big One.

The Big One this week is Exits (as seen by the Seller) and Aquisition Led Growth (as seen by the Buyer). Hey! This is a sign of a market maturing.

For this week we bring you;

Story 1: Munich Re buys IOT middleware startup relay in deal worth 300m

Extract, read more on Techcrunch:

“Berlin based Internet of Things (IoT) startup relayr, whose middleware platform is geared towards helping industrial companies unlock data insights from their existing machinery and production line kit by linking Internet connected sensors and edge devices to platform controls, has been acquired by insurance group Munich Re in a deal which values the company at $300 million.

relayr was founded back in 2013 with the initial aim of helping software developers hack around with hardware, at a time when developer interest in IoT was just taking off.”

Hey! This shows the how powerful the Reinsurance players are in this market + validates the IOT sensor market for Insurance.

Story 2: Getsafes digital broker unit sold to Verivox

Extract, read more on PR Web:

“Just months after General Atlantic’s investment in the digital business of ProSiebenSat.1 (called NuCom), the group’s own price comparison site, Verivox, has acquired Getsafe’s broker business unit.

Launched in 2015 and backed by prominent investors like Partech, Acton and btov, Getsafe is one of the world’s first digital insurance wallets leading a growing trend of digital insurance brokers, like Knip, Clark, or Wefox, popping up in Europe.

With the integration of Getsafe’s technology, over 8 Million Verivox customers will be able to manage all of their insurance policies on the web or mobile app. Verivox price comparison algorithms will then help customers optimize their insurance portfolio by finding better deals for car or renters insurance within seconds.”

Hey! This shows a bolt on acquisition for a PE funded platform + validates the market for digital insurance brokers.

Story : Markel to acquire Nephila Holdings

Extract, read more on Marketwatch:

“Nephila is the pre-eminent insurance-linked securities manager in the world. Nephila brings deep and long-term investor relationships, tremendous energy, creativity and innovation in matching investor risk appetites with client needs. Nephila, whose revenue is driven primarily through management and incentive fees, manages over $12 billion of assets under management for over 300 geographically diverse investors. Adding the unique and proven talents of Nephila to the specialty insurance and reinsurance platforms of Markel will produce a powerful combination that will drive long-term growth and value to the benefit of the companies’ investors.”

Hey! insurance-linked securities is key to catastrophe insurance and that market is growing fast, complex and driven by data and analytics. It is a market at the intersection Insurtech and Wealthtech

Bernard Lunn is the CEO of Daily Fintech and author of The Blockchain Economy. He provides advisory services to companies involved with Fintech (reach out to julia at daily fintech dot com to discuss his services).

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