Expertise
Scout InsurTech delivers a comprehensive understanding of the MGAs and insurtech companies impacting P&C, Life and Health. This expertise is built on our constant effort to identify, engage and profile the most innovative companies in insurance across their evolution from early concepts, to emerging startups, to high-growth players.
Categories Of Focus
Scout's grasp of the insurance technology landscape is anchored within the following key categories of innovation.
Managing General Agencies (MGAs) are a proving ground for innovation. They breed a deep knowledge of insurance with a startup mentality and culture. Their aggressiveness to adopt technology is a powerful trait.
Agents and brokers are essential to the insurance value chain. Technology that empowers them is a critical arena for driving growth and improving the policyholder experience.
Agents are essential advisors to the policyholder. Technology that empowers them is a critical arena for driving growth and improving the customer experience throughout the policy lifecycle.
New and evermore creative startups in the Health space are expanding customer reach and enriching the overall experience. In a category hungry for innovation, new ideas are rapidly emerging.
Technology specialized for the Life vertical is increasing at an accelerating rate. Life insurers and the broader industry are pushing more flexible and affordable opportunities for customers.
Group benefits and benefits insurance are important vehicles that depend on new technology to drive affordability and accessibility for consumers across various stages of their career.
The underlying administration of policies throughout their lifecycle is a tedious space ripe for automation. As a core system, policy admin plays a vital role in enabling other technology as well.
The accounting and financial systems underpinning insurance operations are indispensable. Innovation with these systems is pivotal to unlocking new opportunities.
Claims is arguably the experience that matters most in insurance. Technology that supports its operations is at the heart of demonstrating the value of insurance.
The Internet of Things (IoT) holds extreme promise for mitigating the damage caused to insured property, as well as enriching multiple key workflows across underwriting, claims and more.
Recognizing Innovation
Scout InsurTech provides exposure to innovative MGAs and insurtechs through a series of engagements. Each touchpoint dives deeper into unpacking their value proposition and allows potential clients (e.g. carriers, brokerages or agencies) to determine if they do in fact offer a competitive advantage.
Our Process
Interview
Scout will interview each company to establish a baseline profile of who they are, who they work with, what their product does and why they exist. This interview takes only 15-minutes to record.
Recorded Demo
Along with an interview, Scout will also collect a recorded demo (10-minutes or less) that expands on each company's service and/or product.
Virtual Showcase
Scout will identify emerging and high-growth insurtechs that qualify for inclusion in a virtual showcase to meet carriers, brokers and agents in the Scout network. This is an interactive 90-minute showcase that focuses heavily on allowing the insurtechs to engage attendees, and learn from one another.
Recognized Leader
The Scout conference features a roster of the strongest startups and high-growth insurtechs in the industry. These Recognized Leaders are acknowledged for their accelerating value and success.
Cycle + Revisit
Scout will continue to monitor each insurtech company by interviewing them on their ongoing growth. This is an essential step for maintaining a profile of their evolution and for identifying the most valuable introductions currently relevant to the MGA or insurtech.