Andrea Rear talks so much about the insurers. You may think that he has been working in this field for more than 100 years. This individual who is 46
Andrea Rear talks so much about the insurers. You may think that he has been working in this field for more than 100 years. This individual who is 46 years old has got a better understanding on the market and figure out which products are disastrous and the ones which re very hard to understand.
He has struck one of the first insurtech deal for the partners of Munich Re’s Digital. They had worked with slice labs which has got an experience of just one year in the industry. It is startup. There is another company named Allianz SE which has invested just 4 months before on Simplesurance and they are offering the product protection for the online purchases. The deals have got highlight of the time honored insurers of Europe and also can make them get to technology that is making changes to the financial services that are there on Wall street.
Rear suggests that Insurtech is going to stay in the market and is going to bring drastic changes to the Insurance industry. Rare was the on who headed the life reinsurance operations of Munich Re at UK, Asia Pacific, Africa as well as Ireland.
Fintech also got much attention from investors for some time frame. This was the funding that they received for the technologies which had the ability for making huge changes in the area of investment and banking like blockchain which is the software that underpins the bitcoins. They had also got great support and funding for robo advisers and big data analysis too. When insuretech came up and started delivering products that can work then there is a huge change in the insurers. The investments on the insurance is going to exceed 75 this year and can be great.