Great little blog post with advice around FinTech start-ups but no mention of disrupters in the insurance space. Is it a case of nothing is happening so no one is mentioning the space, or because no one is mentioning it no one is looking at it?
One has to hope that true innovators identify opportunities for themselves rather than simply following the crowd so it may thus be a case that the volume of successful InsTech start-ups is tiny. But it need not be bad news: what if the successful number is small, but as a percentage of those trying its big.
We could really do with some better statistics.
Fintech startups are finding opportunities in the disintermediation of banks and emerging 2015 trends: crypto-currency technology, convergence in payments, focus on customer experience, user authentication security, and alternative models of lending. The hard truth, however, is that about 9 out of 10 startups fail. Launching and growing any business can be a challenging experience.