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@InsurtechSydney #InsurtechSyd
Insurtech: The opportunity for Australian startups
and insurers
Sydney FintechStartups
Agenda for this evening
IntroductionBrenton Charnley, Organiser Insurtech Sydney
Pulse of InsurtechMartin Blake, KPMG NSW Chairman
Panel DiscussionChair: James Mabbott, Partner KPMG Innovate
Thanks Brenton Charnley, Organiser Insurtech Sydney
Networking Drinks and nibbles
6:00pm
6:10pm
6:30pm
7:15pm
Conclude 8pm
Insurtech trendsInsurtech investment on the rise globally
01 It’s all about the customer
02 Unlocking the data
03 Tech Tech Tech
The opportunities for insurance technology
Source: https://www.startupbootcamp.org/blog/2015/10/so-what-is-an-insurance-startup-infographic/
Disruption is coming….
Source: https://www.cbinsights.com/blog/insurance-tech-market-map/
Pulse of InsurtechMartin Blake, KPMG NSW Chairman
8#FINTECH
©2016 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.
INSURTECH IS TOP PRIORITY FOR INVESTORSTop Deals & Cities, 2016 (YTD)
InsurTech Investment Activity2011 – 2016 YTD (Q2’16)
Top DealsOscar Health
$400M // Series C
Clover Health$160M // Series C
Bright Health$80M // Series A
Justworks$33M // Series C
Top Cities
San Francisco8 Deals // $213M
New York5 Deals // $467M
Source: The Pulse of Fintech, Q2 2016, Global Analysis of Fintech Venture Funding, KPMG International and CB Insights (data provided by CB Insights) August 17th, 2016.
$0.1 $0.3 $0.2 $0.7 $2.5 $1.0
21
42
55
7174
47
0
10
20
30
40
50
60
70
80
$-
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
2011 2012 2013 2014 2015 2016 YTD
Investment ($B) Deals
9#FINTECH
©2016 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.
AT A GLANCE (YTD) TOP 20 DEALS OF 2016 (YTD)
~$1BVC funding
82VC Deals
47%Deals at seed-stage
63%Deals to US-based startups
TOP 20 INSURTECH DEALS IN FIRST HALF OF 2016 TOTALED OVER $980M IN FUNDING
1 Oscar Health $400M Series C 11 Xishan Information Technology $20M Series B
2 Clover Health $160M Series C 12 Goji $19M Series D
3 Bright Health $80M Series A 13 Insurance Zebra $17M Series A
4 Justworks $33M Series C 14 Friendsurance $15M Series B
5 Huize Insurance $31M Series B 15 PolicyGenius $15M Series B
6 Namely $30M Series C 16 Joyowo.com $15M Series B
7 Trov $26M Series C 17 Zendrive $14M Series A
8 Gusto $25M Series B 18 Next Insurance $13M Seed VC
9 LEAGUE $25M Series A 19 Embroker $12M Series A
10 Maxwell Health $22M Series C 20 Shift Technology $10M Series A
North America ($899M)
14
20
Europe ($25M) Asia ($66M)
5 11
163 9 10 12
131 4
6 15
27
817
18
19
Source: The Pulse of Fintech, Q2 2016, Global Analysis of Fintech Venture Funding, KPMG International and CB Insights (data provided by CB Insights) August 17th, 2016.
Panel DiscussionJames Mabbott, Partner KPMG
Innovate
Meet our PanelistsInsurtech: The opportunities for Australian startups and insurers
Tim Tez Vanessa Dobson Dan Cohen Alfred LoChief Product &
Marketing OfficerManager Research & Development, Life
Managing Director, Head of AMP New Ventures
Sydney FintechStartups
Thanks & Close
Insurtech SydneyConnect with us
Our next meetupComing soon in October!
Twitter / Social@InsurtechSydney#Insurtechsyd
Email / [email protected]
Join us!Brenton Charnley@Insurtech Sydney
