INSURTECH : DOBLE INDEMNITY AGAINST COVID-19
Our topic today will be to focus on fintech startups, especially insurtech startups and their strategy to improve their service in the wake of the coronavirus crisis.
What is Insurtech ?
The questioning of traditional insurance services, which are no longer adapted to the needs of the current crisis, will strongly encourage the boom of insurtech startups. Let’s take an example of different startups that can make the difference:
1. Oscar is an American insurtech startup that allows its users to access in a simple and efficient way, and without all the insurance jargon, to the medical services they need. Their goal is based on the users and is to guide them to the best solution in a still too defective American healthcare system. Their services are well adapted to the coronavirus crisis and allow
2. Sofía is also an Insurtech startup based in Mexico City, in view of the policy put in place by the Mexican government to fight this crisis, it offers an efficient and responsible solution to the users of its application. Its objective is to offer quality telemedicine services while encouraging the population to stay at home to counter this health crisis.
It allows citizens from Mexico city to have access to free online consultations while preserving the quality of a traditional medical consultation. They also want to expand to other states in Mexico to offer this solution. Given the situation, this solution will reduce collective unconsciousness, offer free consultations and be a tangible tool in the fight against COVID-19.
3. Moonshot , a French startup, offers a range of B2BC products developed on three main axes and using algorithms that allow to optimize and propose the best product offer:
Moonshot offers products adapted to the current situation, between an explosion of e-commerce in some countries such as France or the difficulties of international travel management.
Insurtech startups are scalable solutions to the weekly changes of this crisis and allow the protection of people against this virus and visibility for companies by adapting their offer to the changing business model. To be continued…