Ninety’s Insurance Innovation Pulse is our new periodic round-up of the pulse of new ideas in the global insurance industry. We cover monthly highlights, top innovation themes and Ninety’s Idea Pulse dashboard and innovation analysis for the month. The monthly dashboard monitors monthly innovation trends by business lines and regions and to Ninety’s innovation taxonomy as well – the Ten Types of Insurance Innovation.
Officially announced, ready to market innovations, VC investments and collaborations from leading insurers, reinsurers and brokers form the basis of our analysis.
We also showcase five case studies of innovations from a cross-section of business lines and innovation themes. For the most part, the case studies chosen are representative examples of commonly recurring themes of the month rather than examples that focus on novel ideas or one-of-a-kind solutions.
In addition, we will also highlight examples of future innovation as seen through the lens of research and venture investment in emerging risks and technologies.
October 2022 Highlights
- In October, Ninety recorded a total of 62 new ideas and announcements from insurance businesses around the world, not counting insurtechs.
- New product/service launches and ecosystem partnerships were the key trends during the month with focus on risks arising from cyber security events, EV infrastructure, and environmental liability. We also saw initiatives in the health domain, which include – cancer screening solution, affordable pet health solutions, and improvement of elderly care.
- This was followed by venture investments in adjacent products and services with insurers investing in startups engaged in fulfilment technology, property-tech, insurtech, and space tech.