The End of Insurance As We Know It: How Millennials, Insurtech, and Venture Capital Will Disrupt the Ecosystem

Important note: This is the Veriday Special Edition. We live in a world of accelerating change. The advent of new technologies such as IoT, AI, blockchain, NLP, RPA and a host of others enabled by miniaturization of chips, mobile devices, and cloud computing have enabled a host of new and powerful yet intuitive applications, such as GPS which has virtually replaced the need for paper maps.The tradition-bound world of insurance is not immune from these forces. Insurance has a rich history and powerful longevity as an industry because of the societal good it provides. Insurance enables consumers to drive a car, buy a home and start a business - people buy insurance because they need to (and are often required to) in order to do something they really want to do.But as anyone that has gone through the process of purchasing and "using" insurance (i.e., filing a claim), it can be a frustrating experience. Insurance is complex: it is a blend between a product and service, a mix of financial instrument and legal contract that is highly regulated and enforced by the rule of law. There are many long-standing and well known problems in insurance that have yet to be adequate solved - until now.The rise of these new technologies and focused innovation in the insurance industry has led to the rise of "insurtech". New startups and value propositions, fueled by an era of cheap capital, are created daily to address the "fatal flaws" of insurance. While the industry press is abuzz with daily headlines announcing new breakthroughs and partnerships, the reality is more complicated and shifting rapidly. The End Of Insurance As We Know It is the book that brings together insurance newcomers and veterans to provide a common framework of understanding. In doing so, it helps foster collaboration that spurs new innovation to bring insurance fully into the 21st century as the perfect digital product that meets the evolving needs of today's consumers around the globe.Advanced praise:"The End of Insurance As We Know It is a brilliant and thought-provoking read. I only wish I had been able this 12 months ago!! As a founder and engineer entering the complex market that is insurance, this was the insurance 101 that I needed. It was a very well thought-through piece which examined the current trends and future challenges facing the insurance industry we know today and how insurtechs are placed to fill the gaps that are rapidly appearing."Juliette Murphy, Co-Founder and CEO of FloodMapp"The End Of Insurance As We Know It is a must read if you are in insurance or want to be. Just bought copies for the whole team."Wesley Todd, CEO of CaseGlide"I highly recommend The End Of Insurance As We Know It to all insurtech founders."Anil Celik, Co-Founder and CEO of UrbanStat