Ninety’s Insurance Innovation Pulse is our monthly round-up of new ideas in the global insurance industry. We cover headlining innovations, top innovation themes and innovation analysis for the month. Ninety’s Idea Pulse dashboard provides visual indicators of monthly innovation trends by business lines, regions, and Ninety’s innovation taxonomy – the Ten Types of Insurance Innovation.
The data for this report is compiled from officially announced, ready to market innovations reported from leading insurers, reinsurers, and brokers across the world.
Our monthly round-up includes a showcase of five case studies of innovations from a cross-section of business lines and trends. For the most part, the case studies chosen are representative examples of commonly recurring themes of the month. We also highlight examples of future innovation as seen through the lens of research and venture investment in emerging risks and technologies.
- In April, Ninety recorded a total of 41 new ideas and announcements from insurance businesses around the world, not counting insurtechs.
- April data indicates a distinct shift towards themes of social innovation, sustainability and risk resilience that has been developing over the first quarter. The top insurers and reinsurers are driving these initiatives in collaborative models and public-private partnerships. This is to be expected considering the scale of problems such as extreme weather disasters and the resources required for risk management.
- Venture arms momentum continued to build up in keeping with trends in the previous quarters – through activities such as the launch of venture funds and investments in digital and tech start-ups.