@FGraillot#P2Pinsurance and #ondemandinsurance haven't made it to the Slope of Enlightenment but rather sunk in the Trough of Disillusionment :P Wondering what will happen to direct-to-consumer insurtech MGAs vs embedded insurtech MGAs.
What happens when the VC market is frozen ?
Well, I had a look at every InsurTech startups that announced a round in 2021 (i.e. 18-24 months ago) and how their teams have evolved.
In average the have downsized their teams by -15.5%.
Here we are in the European InsurTech scene too 📉
The drop in VC money is eventually having an impact on startups' teams.
And there are two patterns spotted among Series A / B startups :
1) those that had no other choice have removed employees (the pattern is ~20%) ;
2) the most performing and / or those that raised money more recently have rather stopped new hires.
In both cases that's what we spotted in the US tech market last year.
(Source: LinkedIn. Note that the scale is not the same on the two charts and I removed raw figures to avoid spotting which startups they are coming from, as the idea is to illustrate a pattern rather than highlight X or Y player)
Raport "Insurtechy w Polsce, vol. 2" już dostępny. Jego prezentacji towarzyszyła debata branżowych ekspertów https://t.co/8GNs2iDB2N @PunktaPL@secfense_team@GrupaPZU@astorya_vc
Dans moins d'un mois (5-6/10) retrouvons nous à Niort à l'occasion du INNN
Le premier évènement 100% #InsurTech en France
Que vous soyez corporate, fournisseur de tech ou startup, c'est l'occasion d'interagir avec la scène #AssurTech sur l'innovation dans l'assurance
#FinTech
1/14 How an ordinary Russian TV viewer (one of whom I currently am) sees it.
I learned about the monstrous events in Bucha yesterday morning from the news that Russia was convening the UN Security Council in connection with the massacre by Ukrainian Nazis in Bucha.
Ukrainian mothers are writing their family contacts on the bodies of their children in case they get killed and the child survives. And Europe is still discussing gas.
For those surprised by pictures from Bucha, a little 🧵
1570. Ivan the Terrible terminates autonomy of Veliky Novgorod. Women and children were massacred, churches burnt and looted. About 20 thousand people died, numerous were deported. Following famine did the rest.
Let's meet today at #InsurTechInsights in the UK 🇬🇧, we'll moderate a startup pitch session, and discuss how technology could help incumbents revamp the claim process around climate risks. #InsurTech#FinTech
🎟️ Join us: https://t.co/kEO3bHxxDC
Mariupol. Direct strike of Russian troops at the maternity hospital. People, children are under the wreckage. Atrocity! How much longer will the world be an accomplice ignoring terror? Close the sky right now! Stop the killings! You have power but you seem to be losing humanity.
Marki, które wciąż działają w Rosji;
Oni wybrali, Ty też możesz
Auchan
BASF
Bayer
Bosch
Burger King
Henkel
KFC
LG
Nestle
McDonald's
Metro AG
Miele
Pepsico
Pirelli
Starbucks
Stellantis
Swatch