Ishin Co., Ltd. Released InsurTech Trend Report, which has the potential to transform the insurance industry

Ishin Co., Ltd.
Released [InsurTech Trend Report], which has the potential to transform the insurance industry

Ishin Co., Ltd. (Headquarters: Shinjuku-ku, Tokyo, President: Satoshi Kataoka) publishes an overview related to the theme of “Insurtech” and an “Insurtech Trend Report” that focuses on the latest startup information from around the world in a wide range of categories. Released.
[Image 1

■ Where to get the “InsurTech Trend Report”

保険業界を変革する可能性を秘める【インシュアテックトレンドレポート】


・Please request materials from the form in the link above.
・If you can write “I saw the press release”, we can respond more smoothly. Insurance supports the safe living of people and the stable management of companies by dispersing risks and providing economic security. It is necessary to solve various problems faced by both agents and consumers. Companies and services called Insurtech have the potential to not only help solve the problems that emerge in the insurance industry, but also to transform the way it works.
Derived from fintech around 2010, Insurtech attracted particular attention as a series of US companies led to IPOs in 2020, but the recent investment situation has been slowing down somewhat. According to a CB Insights report, the amount of funding in the second quarter of 2022 was $2.4 billion (about $3.55 billion), which has remained flat since the first quarter, which dropped sharply from last year. *1 On the other hand, as shown in the figure on the right, 75% of the total funding is concentrated in unicorns or large-scale startups, which account for only 10% of Insurtech companies. *2 In addition, there will be 46 M&As of Insurtech companies in the first half of 2022 alone, which is 79% of the number in 2021. **3 From these, it can be said that Insurtech-related business models and technologies have been weeded out to some extent, and have matured into more sophisticated services that are in line with the real world.
A recent trend is that more rational and convenient forms of insurance products, such as “microinsurance” and “telematics insurance,” which use technology and data to protect lives and assets more quickly and appropriately, are becoming popular among general consumers. / It is starting to spread for corporations.
In addition, Insurtech’s transformation is not limited to insurance products, but is also progressing in insurance business practices such as marketing, risk assessment and assessment, and claims management. For example, various technologies are evolving the insurance industry as a whole, such as improving operational efficiency with low-code or no-code tools, and new products and services such as AI, big data, telematics, and blockchain.
This report categorizes trending insurance products and services and technologies that support operations in the insurance industry, and introduces promising startups in each area. In addition, the special feature focuses on “resilience” against natural disasters and unforeseen risks caused by factors such as climate change in recent years. At the end of the book, we introduce examples of
collaboration/introduction between major domestic and overseas companies and startups.
*1 CB Insights “State of Insurtech”
https://www.cbinsights.com/research/report/insurtech-trends-q2-2022/ *2 NTT Data “Insurtech 22 Global Outlook”
https://insurtech-insurance.nttdata.com/
**3 CB Insights “State of Insurtech”
https://www.cbinsights.com/research/report/insurtech-trends-q2-2022/ [Image 2

■ Where to get the “InsurTech Trend Report”

保険業界を変革する可能性を秘める【インシュアテックトレンドレポート】


・Please request materials from the form in the link above.
・If you can write “I saw the press release”, we can respond more smoothly. ■ What is the global innovation information media “TECHBLITZ”? https://techblitz.com/
“TECHBLITZ” is a media that connects Japan with the global startup ecosystem. We cover and disseminate the latest information on startups around the world, trends in ecosystems in various regions, and open innovation activities of Japanese companies. In addition, we utilize our media network to operate the innovation information service “BLITZ Portal” for Japanese companies and provide various types of innovation support.
・Innovation information service “BLITZ Portal”
https://techblitz.com/blitzportal-lp/
【Company Profile】
Ishin Group
Company name: Ishin Co., Ltd.
Chairman and Representative Director: Tomoyoshi Akashi
Representative Director and President: Satoshi Kataoka
Location: Shinjuku East Court 7F, 6-28-7 Shinjuku, Shinjuku-ku, Tokyo Established: April 2005
URL: https://www.ishin1853.co.jp/
Ishin USA
Company name: Ishin USA, Inc.
CEO: Yuki Iwashita
Location: 3031 TISCH WAY, SUITE 110, SAN JOSE, CA 95128
URL: https://techblitz.com
[Inquiries regarding this matter]
Ishin Co., Ltd. Person in charge: Tomohiro Takahashi (Global Innovation (GI) Division)
TEL: 03-5291-1580 (representative) Email: info@techblitz.com

Details about this release:
https://prtimes.jp/main/html/rd/p/000000146.000021299.html

MAIL:cr@prtimes.co.jp

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