AXA has gone public with its €100m InsTech incubator - Kamet. Interesting to see now what similar/alternative strategies the other global insurers will be taking.
And will it help drive a distinct InsTech (InsurTech) category it will it remain subsumed within FinTech
AXA announced today the creation of Kamet, a €100m InsurTech incubator dedicated to conceptualizing, launching and accompanying disruptive products and services for insurance clients. Selected projects will be led by either AXA employees or external entrepreneurs. They will all benefit from both the agility of the incubator and AXA's expertise across the world.