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News Article | November 24, 2016
Site: www.newsmaker.com.au

MarketStudyReport.com adds “Global Insurtech Market 2016-2020” new report to its research database. The report spread across 76 pages with table and figures in it. The Report analysts forecast the global insurtech market to grow at a CAGR of 10.41% during the period 2016-2020. About Insurtech The insurance technology or insurtech is an increasing phenomenon that has revamped the insurance industry to connect with a wider customer base consisting of High Net Worth individuals (HNWI), upper middle-income group, and lower middle-income group. The insurtech platforms have the potential to help insurance companies to improve their relevancy to the customers to rebuild their trust. This will help in customer engagement. Browse full table of contents and data tables at https://www.marketstudyreport.com/reports/global-insurtech-market-2016-2020/ The report covers the present scenario and the growth prospects of the global insurtech market for 2016-2020. To calculate the market size, the report considers the investments made in insurtech platforms in the Americas, APAC, and EMEA. The market is divided into the following segments based on geography: The Report Global Insurtech Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Key vendors ? Friendsurance ? Guevara ? Oscars ? Zhong An Other prominent vendors ? Acculitx ? Allay ? Analyze Re, ? Array Health ? BankBazaar.com ? Bayzat ? Bought By Many ? Censio ? Claim Di ? Collective Health ? Common Easy ? CoverFox ? CoverHound ? Cuvva ? Dynamis Software ? EaseCentral ? Eligible ? EverQuote ? FirstBest Systems ? Gather ? Gives range ? GoHealth ? Goji ? Gravie ? GroupHub ? Haven Life ? HealthCare.com ? HealthSherpa ? Hixme ? InforcePRO ? insPeer ? insuremyrentalcar.com ? Insurify ? Jointly ? Justworks ? Ladder ? Limelight Health ? Lumity ? Maxwell Health ? Metromile ? miEdge ? Navera ? Picwell ? PlanSource ? PokitDok ? PolicyBazaar ? PolicyGenius ? Praedicat ? QuanTemplate ? RenewBuy ? ROOT ? Sherpaa ? Shift Technology ? SimplyInsured ? Snapsheet ? Spex ? Stride Health ? Sure ? Sureify ? Inspool ? Zebra ? TongJuBao ? Trov, ? Tyche ? Uvamo ? Zenefits ? Zest Health ? Zipari Market driver ? Growth of Internet-based business ecosystem ? For a full, detailed list, view our report Market challenge ? Increasing fraudulent claims ? For a full, detailed list, view our report Market trend ? Incorporating big data analytics ? For a full, detailed list, view our report Key questions answered in this report ? What will the market size be in 2020 and what will the growth rate be? ? What are the key market trends? ? What is driving this market? ? What are the challenges to market growth? ? Who are the key vendors in this market space? ? What are the market opportunities and threats faced by the key vendors? ? What are the strengths and weaknesses of the key vendors? To receive personalized assistance, write to us @ [email protected] with the report title in the subject line along with your questions or call us at +1 866-764-2150


SAN FRANCISCO--(BUSINESS WIRE)--Healthcare coverage technology leader Collective Health today announced that since welcoming its first client in January 2014, it has grown its membership 500x and secured increasing demand for its integrated health benefits platform with high growth, enterprise clients across a variety of verticals, including technology, financial services, aerospace and consumer packaged goods. In the past year alone, Collective Health has doubled its membership to 70,000 employee and dependent lives across 15 employer clients. In light of its significant growth, the company has brought on new commercial leaders, including its first chief financial officer, and is introducing an innovative new product to drive improved experience and efficiencies into the $1.2 trillion employer healthcare market. Accelerated growth in enterprise market, and a new standard for Net Promoter Score Since its first year of sales focused on selling to the sub-500 employer market for the January 2014 plan year, Collective Health has rapidly moved up market, securing a majority of deals with an average member size of 5,000. Employers are drawn to Collective Health because of its unique integrated technology and services health plan solution, which is focused on dramatically improving employees’ experience with their health plan, while ensuring employers’ healthcare spend drives ROI. “We have spent the past three years singularly focused on creating the healthcare experience we all deserve, and that vision has reverberated across the large enterprise market,” said Ali Diab, co-founder and chief executive officer of Collective Health. “In addition to our sales momentum that has captured the attention of enterprise employers, we continue to attract and retain a deeply experienced leadership team and pioneer innovative products driven by technology and design to take better care of employers and their people.” As of January 2017, Collective Health’s new clients, which include Counsyl, Cloudera, CrossFit, Red Bull, Jazz Pharmaceuticals, Trace3 and others, have chosen to move their health plans to the Collective Health platform because of the real opportunity to drive performance and innovation in their health benefits program, while simultaneously offering a superior experience for their people. Hitting a year-to-date Net Promoter Score (NPS) of 75 across its clients, comparable with consumer technology standouts like Apple (72), Netflix (68) and Amazon (62)1, it’s not surprising that such a diverse range of companies have joined return employer clients including Activision Blizzard, Palantir, Zendesk and others. To support its momentum, Collective Health has broadened its leadership bench, hiring Kenneth (Ken) Hahn as chief financial officer and adding former senior vice president of people operations at Google, Laszlo Bock, to its advisory board. Ken has served as chief financial officer for three public companies where he led two successful IPOs. Most recently, he served as chief financial officer at Icontrol Networks that announced the signing of a successful sale of the company to Comcast and Alarm.com in a complex deal. "I was initially drawn to Collective Health because of their incredible vision to make healthcare accessible for everyone," said Ken Hahn, chief financial officer, Collective Health. "After meeting their world-class leadership team and leading investors, as well as seeing the quality and breadth of employers engaged on their platform, I jumped at the opportunity to be a part of this passionate group of people and to help scale company operations so that we can continue executing against that vision and take care of even more lives." Laszlo has been credited with transforming Google’s workforce and culture, and during his tenure, Google was named the “Best Company to Work For” more than 30 times in multiple publications around the world and received over 100 awards as an employer of choice. In 2010, he was named "Human Resources Executive of the Year" by HR Executive Magazine. Both Ken and Laszlo will bring their deep industry expertise and perspective to our team as the company continues to execute against its mission of simplifying healthcare. "One of the most pressing issues today for employers, individuals and our nation is healthcare: how can we improve it to save even more lives, while also reducing costs and delivering a more human and compassionate experience. To me, no one is tackling these issues more effectively or cohesively than Ali and his team at Collective Health,” said Laszlo Bock, advisor, Collective Health. "Their mastery of data science, the healthcare system and how they help employers take care of their people is unrivaled. Not only are they solving incredibly tough problems, but they're building an amazing company culture while they do it. It’s an honor to join as an advisor to support their team and mission." These announcements follow the recent executive hires of chief operating officer, Roy Gilbert, senior vice president of sales and client success, Jeff Hermosillo and senior director of clinical and network solutions, Dr. Andrew Halpert. Jeff has been responsible for quickly building out Collective Health’s sales function, hiring tenured regional vice presidents to scale Collective Health nationally with experience from Cigna, Aetna and Blue Shield of CA. As part of today’s news, Collective Health is announcing the release of its member-focused beta product: CareX. Currently being piloted in a private beta with select clients and their 15,000+ members, CareX is a new addition to the Collective Health platform that uses full stack data and machine learning to identify and proactively connect members with the care they need. The product was created to reduce the confusion, fear and frustration most Americans face when dealing with a complex care issue such as maternity, behavioral health and diabetes, as well as close the engagement gap employers see with their existing health plan and benefits programs. In the last three months of its beta, CareX has been live with 15,000+ members and has already fueled a 2x increase in program engagement, thanks to Collective Health’s unique, technology-enabled approach that utilizes data from disparate sources combined with personalized, premium member support. “As a tenured benefits leader, Activision Blizzard offers a wealth of great benefits for health and wellness, fertility, compassionate leave and more,” said Milt Ezzard, senior director of global benefits for Activision Blizzard. “But this innovation only makes a difference if employees understand the programs and how to use them. That’s why I’m so excited to be part of the Collective Health CareX beta. With CareX, we can be confident that we’re offering the right benefits in the right way. CareX also provides great data on the impact of our benefits spend, so that we can continue to invest strategically in employees.” Integrated on top of Collective Health’s existing claims and member experience technology platform, CareX is an intelligent system that uses three steps to integrate population data as well as member-specific claims and queries with a high-touch, personalized Care Navigation experience to simplify members’ care journeys. Each new cycle combines utilization results, experience feedback, clinical impact data and evolved algorithms to refine our ability to connect the right person to the right program at the right time. For more complex conditions, a primary goal of CareX is to connect members with a Collective Health Care Navigator who personally helps members navigate their coverage, programs and unique care needs, using the intelligence within the CareX system. CareX also gives employers a more powerful set of tools to analyze and optimize their benefits ecosystem, member impact and associated investment. An example of how CareX might work is if a member has a complex oncology case. CareX will identify that member, engage that member in the CareX and case management programs as appropriate, as well as guide the member through additional services that can drive better outcomes such as a second opinion service. Collective Health's deep integrations with partners allow for a more seamless navigation and tracking of members throughout their care journey, while its identification and outreach capabilities allow for a superior level of member engagement than other solutions on the market. The CareX private beta will continue with select clients and their populations through 2017 and will become more widely available in January 2018. Collective Health gives companies a smarter way to provide healthcare coverage through technology and design. Powered by a platform that connects and administers the entire benefits ecosystem—health plans, benefits programs, spending accounts, employee support—their solution delivers an effortless experience for everyone. Focused on serving the 170M+ Americans who receive healthcare coverage from their employers, the Collective Health platform has been selected by leading U.S. employers including Activision Blizzard, Cloudera, Crossfit, Palantir, Red Bull and Zendesk. Founded in October 2013, Collective Health is backed by NEA, Founders Fund, Google Ventures and other leading investors. The company is headquartered in San Francisco, CA. For more information, visit https://www.collectivehealth.com.


News Article | February 28, 2017
Site: www.marketwired.com

Company Achieves Over 100% Bookings Growth as Cloud Adoption Drives Need for Network Intelligence SAN FRANCISCO, CA--(Marketwired - Feb 28, 2017) - ThousandEyes, the Network Intelligence company that delivers visibility into every network, today shared results that reveal strong growth in bookings in both domestic and international markets, and continued expansion of product capabilities, locations and executive team leadership. Enterprises' increasing reliance on the Internet as a primary foundation of business fueled 100% year-over-year growth in bookings in both domestic and international markets and drove the addition of marquee customers across financial services, retail and leading technology companies. As cloud adoption reaches new heights, the Internet has become the new corporate backbone, rendering traditional network monitoring approaches increasingly ineffective. Traditional monitoring approaches rely on traffic capture, and provide a narrow view of the network, highlighting problems when it's too late. ThousandEyes enables organizations to gain an immediate understanding of experience from every user to every cloud application as well as providing critical insights for strategically planning and migrating services to the cloud over time. "With the surge in cloud adoption, we've seen a rapid growth in enterprises turning to ThousandEyes to categorically understand experience from every user to every application," said Mohit Lad, ThousandEyes CEO and co-founder. "ThousandEyes has innovated an approach based on an unmatched distribution of smart agents across the Internet, enterprise, all the way to the end user. ThousandEyes gathers and analyzes the massive volumes of 'Network Intelligence' data from these vantage points, enabling organizations to solve even the most obscure performance problems in minutes. By using ThousandEyes in the planning and testing phases of cloud adoption, customers can also strategically identify and fix underlying problems before production deployment of the application -- something not possible before." Recent Gartner reports have noted the adoption of cloud and SaaS services crossing an inflection point with their role in the daily operations of businesses. One report predicts that "By 2021, more than half of global enterprises already using cloud today will adopt an all-in cloud strategy" (Gartner Inc., Predicts 2017: Cloud Computing Enters Its Second Decade, David Mitchell Smith, et al., December 2, 2016). ThousandEyes recorded over 100% year-over-year bookings growth in both domestic and international markets, adding 18 Fortune 500 customers, and now counts five of the top five SaaS companies and four of the top six US Banks as customers. This includes a doubling of customers in the technology, financial services and media and gaming verticals as well as continued expansion into the healthcare and manufacturing verticals. Notable customers include 1-800-Contacts, Qualys, Collective Health, Comcast Corp., TBWA Worldwide, Wageworks, Luminex, DHI Group Inc., Craigslist, Creative Artists Agency, Conde Nast Publications Inc., Quantcast, Pitney Bowes, Cloudflare, Hi-Rez Studios, Shutterfly, Ellie Mae, and lululemon. In order to meet the growing demand for Network Intelligence and meet the needs of an expanding base of customers, ThousandEyes has expanded business operations, including a new sales office in Austin, TX, a second engineering office in London, as well as continuing to double the team in the San Francisco headquarters. ThousandEyes, also made several notable executive appointments to help lead teams and areas that are strategic for long term growth. These executives include Victoria Abeling, director of corporate sales, Prabha Krishna, vice president of people operations, and Ashwin Kedia, vice president of business development. ThousandEyes held ThousandEyes Connect events in San Francisco and New York City, featuring presentations from leading companies, such as AIM Speciality Health, Cisco, Hi-Rez Studios, Microsoft, Nasdaq, Quantcast, RichRelevance, ServiceNow, Unilever, Verisign and Zendesk. ThousandEyes Connect is a live event where network engineers and web performance practitioners share their experiences tackling tough performance challenges. "The launch of Endpoint Agent, easier deployments of Enterprise Agents, and the continued expansion of our Cloud Agent locations has enabled us to build a truly unique global dataset that consolidates performance measurements and metadata from thousands of distinct vantage points from all across the Internet, into the enterprise, and to the endpoint," said Ricardo Oliveira, ThousandEyes CTO and co-founder. "This enables us to innovate in really profound and interesting ways, such as delivering Internet Outage Detection as part of our vision for Collective Intelligence. The ability to provide actionable insights into complex Internet-centric networks has made ThousandEyes a necessary ingredient for the modern enterprise, and we look forward to continuing to deliver on our vision for Network Intelligence." Industry Recognition In the past year, ThousandEyes earned recognition and accolades from industry press and analyst firms. A Gartner report mentioned ThousandEyes as a representative vendor for Collective Intelligence Benchmarking (Gartner Inc., Innovation Insight for Collective Intelligence Benchmarking, Vivek Bhalla and Will Cappelli, September 26, 2016). Analyst firm IDC included ThousandEyes as an "IDC Innovator for Cloud-Managed Network Monitoring" within the enterprise network management market. CRN included ThousandEyes on its 2016 list of top "Emerging Vendors" in July. And in a December article, Business Insider counted ThousandEyes as one of "51 enterprise startups to bet your career on in 2017." ThousandEyes is a Network Intelligence platform that delivers visibility into every network an organization relies on, enabling them to optimize and improve application delivery, end-user experience and ongoing infrastructure investments. Leading companies such as Equinix, ServiceNow and Twitter, as well as eBay and other members of the Fortune 500, use ThousandEyes to improve performance and availability of their business-critical applications. ThousandEyes is backed by Sequoia Capital, Sutter Hill Ventures, Tenaya Capital and GV (formerly Google Ventures), and has headquarters in San Francisco, CA. For more information, visit https://www.thousandeyes.com or follow us on Twitter at @ThousandEyes.


News Article | April 28, 2016
Site: www.fastcompany.com

Ethan Weiss, a cardiologist at UC San Francisco, spends long hours at the hospital treating patients. But between shifts, he takes calls with health-technology entrepreneurs to offer them advice and feedback. As Weiss explains, it's not about the money. He does the majority of this advisory work for free or in exchange for a tiny chunk of equity. It's also not about prestige: He doesn't speak publicly about the startups he's consulting with. So why does he bother? For one thing, it makes for a stimulating break in the day. "I have an intense curiosity and I like novel things," says Weiss. It's a challenge to quantify the exact number of doctors moving into health tech; even if a large physicians' group like the American Medical Association (AMA) tried to keep track, it would need to determine whether to include doctors that advise startups but still practice one or two days a week, or just those who have left medicine altogether. I suspect that the former category is much larger. Suffice it to say, though, that Weiss is far from alone—the migration of doctors into the health tech space is noticeable. It is now fairly common for well-funded health-tech startups to have medical directors, physician founders, or chief medical/health officers on their team. Some high-profile examples include Collective Health, Sherpaa, Startup Health, Doximity, Aledade, and AthenaHealth. And the AMA tells me it is proactively forging partnerships in Silicon Valley and beyond to help doctors "work in tandem on the innovative tech solutions that promise to change health care." To understand why doctors are dabbling in startups or even changing careers, I recently polled MDs involved with startups (very informally) on Twitter to gauge whether they were motivated by money, prestige, fun, or altruism. Of 45 respondents, 44% were motivated by "fun." But it runs deeper than that. Weiss, for instance, has other motivations. He is concerned that much of the $4.5 billion in venture capital raised by digital health companies in 2015 will be spent on the next "Uber for health care," or the 10th next-generation stethoscope, rather than on solving patients' most pressing needs. "A lot of startups are peddling really cool technology in search of a problem," he told Fast Company. I recently spoke to a half dozen other physicians based in San Francisco, Boston, and other tech hubs to understand their motivations for working in the space. Here's what they said. New online communities have popped up to cater to doctors with an interest in health tech, and they shine a light on some of the problems in the medical field. A handful of California-based doctors started a private Facebook group called "dropout docs," which includes Rebecca Coelius, a UCSF medical school graduate who worked as a health director at Code for America; Amanda Angelotti, a fellow UCSF grad who works in clinical systems design at One Medical; Sean Duffy, a Harvard Medical School dropout who cofounded Omada Health; and Connie Chen, a practicing doctor who cofounded a chronic disease-management app called Vida. Much of the offline and online discussion is centered on the struggles of being a young doctor today, as well as the guilt associated with leaving medicine after years of education (and in many cases, a massive accumulation of student debt). Other groups, like U.K.-based Doctorpreneurs.com, The Modern MD, and the Society for Physician Entrepreneurs are also spreading the word about alternatives to clinical medicine via blog posts and job listings. "There is an increasing acceptance that doctors will leave clinical medicine and do something in the startup world," says Vishaal Virani, one of the founders of the Doctorpreneurs group. As Chen from the "dropout docs" group points out, some physicians don't see a clear path forward, career-wise, especially if they want to strike out on their own. As the industry consolidates—and small physician groups get gobbled up—it's harder than ever for doctors to start their own practices. That had traditionally been an entrepreneurial outlet for them. Other doctors are simply burned out after years of grappling with (often onerous) technology systems for documentation and billing, which hospitals have rapidly adopted in the past decade—a key reason that doctors today have less and less time to spend with patients (the average interaction these days is about 8 minutes). As one physician recently put it on the blog KevinMD.com: "The ratio of time spent on doctor-patient interactions compared to physician-computer ones appears so horribly skewed that it has reached the point of complete dysmorphia." "Doctor burnout and dissatisfaction is most definitely a factor [for why doctors are looking outside of clinical medicine]," says Daniel Kraft, a pediatrician, startup adviser, and the faculty chair for the medicine and Exponential Medicine program at Singularity University, a Silicon Valley think tank. "We see inefficiencies every day that are hurting patients." Some doctors are actively looking for ways to work hand in hand with entrepreneurs to fix these problems. They see problems with the industry, but they also see an opportunity to make a major impact. "Most physicians are desperate to help patients, especially when they keep seeing the same pain points," says Kraft. For Atul Butte, a doctor and researcher in biomedical informatics at UCSF, there's plenty to be excited about. Butte, who advises about 50 health tech startups, is optimistic about a range of new initiatives that offer ways to diagnose, treat, and care for patients. He is currently digging into the growing pool of open data from both failed and successful clinical trials, which he sees as vitally important for the development of new therapies. Most of the Bay Area doctors I spoke with had focused on one or two pet areas of health tech, ranging from mental health apps to sensor-based medical devices. And many of them, like Weiss, were working to divert the flow of money into health tech into the areas that would make a real impact. "I see a lot of companies that aren't picking the right problem," says Butte. Moreover, health tech also offers young and ambitious doctors an opportunity to make a name for themselves. "You talk at conferences, you are on panels, you do things that academic medicine would expect you to do when you have another couple of decades of experience," says Harvard Medical School-based physician Arshya Vahabzadeh, who is also a director at a neuroscience startup called BrainPower. Vahabzadeh believes that startups can help him make a more immediate impact. For entrepreneurs, physicians' growing interest in health tech is a huge boon for their businesses. Having a well-respected doctor on the team offers legitimacy (and a path to funding), and it is paving the way for them to tackle bigger and more complex problems. "I see too many entrepreneurs steering clear of the real medical challenges," says Weiss. "But I say now is the time. Don't think about the market in a year. Think about what can be accomplished in the next 10 years."


News Article | November 24, 2016
Site: marketersmedia.com

— The global insurtech market analyst says many insurance companies are focusing on expense management in a bid to increase profit margins. This is possible only through the application of technology. Many insurers are shifting their focus from stand-alone technology projects to an environment where there is a continuous technological improvement. The top vendors are executing M&A and joint ventures to reduce costs. Complete report on insurtech market spread across 76 pages, analyzing 4 major companies and providing 19 data exhibits are now available at http://www.reportsnreports.com/reports/759411-global-insurtech-market-2016-2020.html According to the 2016 insurtech market report, many top banks and insurance companies are expected to enhance their offerings or develop strategic partnerships with financial technology innovators to provide innovative payment solutions to customers. The advances and innovations in technologies and different financial, technological platforms have also increased the customers' need for better online experiences. The following companies are the key players in the global insurtech market: Friendsurance, Guevara, Oscars, and Zhong An. Other prominent vendors in the market are: Acculitx, Allay, Analyze Re, Array Health, BankBazaar.com, Bayzat, Bought By Many, Censio, Claim Di, Collective Health, Common Easy, CoverFox, CoverHound, Cuvva, Dynamis Software, EaseCentral, Eligible, EverQuote, FirstBest Systems, Gather, Gives range, GoHealth, Goji, Gravie, GroupHub, Haven Life, HealthCare.com, HealthSherpa, Hixme, InforcePRO, insPeer, insuremyrentalcar.com, Insurify, Jointly, Justworks, Ladder, Limelight Health, Lumity, Maxwell Health, Metromile, miEdge, Navera, Picwell, PlanSource, PokitDok, PolicyBazaar, PolicyGenius, Praedicat, QuanTemplate, RenewBuy, ROOT, Sherpaa, Shift Technology, SimplyInsured, Snapsheet, Spex, Stride Health, Sure, Sureify, Inspool, Zebra, TongJuBao, Trov, Tyche, Uvamo, Zenefits, Zest Health, and Zipari. Order a copy of Global Insurtech Market 2016-2020 report @ http://www.reportsnreports.com/purchase.aspx?name=759411 EMEA occupied the maximum share of over 72% in the global insurtech market during 2015. The emergence of new business models such as telematics, may create new insurance products in the EMEA region. In EMEA, the technological trades are established in countries like the Germany, Netherlands, and the UK. In the Americas, several technological start-ups are coming up in the Silicon Valley which is expected to increase the insurance business and upgrade it in the region. The insurtech market in the America will undergo various acquisitions, collaborations, partnerships, and competition during the forecast period. There has been a continuous increase in the technological deals taking place in the APAC region. Analyst expects a strong growth around blockchain, which is an underlying distributed ledger technology that supports the exchange of secured financial assets Global Insurtech Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the present scenario and the growth prospects of the global insurtech market for 2016-2020. To calculate the market size, the report considers the investments made in insurtech platforms in the Americas, APAC, and EMEA. Further, the insurtech market report states that It is important for the insured to disclose the exact information to the insurance company. This will help the insured to avoid the number of fraud claims. And this rise in fraud cases has a direct impact on the customers' claim experience. Insurance companies have started conducting stringent checks before paying claim amounts. One of the instances where most fraudulent claims are made is with whiplash injuries. Claims, which are based on whiplash injuries, are common following an accident. About Us: ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 100+ leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports. For more information, please visit http://www.reportsnreports.com/reports/759411-global-insurtech-market-2016-2020.html


The insurance technology or insurtech is an increasing phenomenon that has revamped the insurance industry to connect with a wider customer base consisting of High Net Worth individuals (HNWI), upper middle-income group, and lower middle-income group. The insurtech platforms have the potential to help insurance companies to improve their relevancy to the customers to rebuild their trust. This will help in customer engagement. Wiseguy Report analysts forecast the global insurtech market to grow at a CAGR of 10.41% during the period 2016-2020. Covered in this report  The report covers the present scenario and the growth prospects of the global insurtech market for 2016-2020. To calculate the market size, the report considers the investments made in insurtech platforms in the Americas, APAC, and EMEA. The market is divided into the following segments based on geography:  • Americas  • APAC  • EMEA Wiseguy Report report, Global Insurtech Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Other prominent vendors  • Acculitx  • Allay  • Analyze Re,  • Array Health  • BankBazaar.com  • Bayzat  • Bought By Many  • Censio  • Claim Di  • Collective Health  • Common Easy  • CoverFox  • CoverHound  • Cuvva  • Dynamis Software  • EaseCentral  • Eligible  • EverQuote  • FirstBest Systems  • Gather  • Gives range  • GoHealth  • Goji  • Gravie  • GroupHub  • Haven Life  • HealthCare.com  • HealthSherpa  • Hixme  • InforcePRO  • insPeer  • insuremyrentalcar.com  • Insurify  • Jointly  • Justworks  • Ladder  • Limelight Health  • Lumity  • Maxwell Health  • Metromile  • miEdge  • Navera  • Picwell  • PlanSource  • PokitDok  • PolicyBazaar  • PolicyGenius  • Praedicat  • QuanTemplate  • RenewBuy  • ROOT  • Sherpaa  • Shift Technology  • SimplyInsured  • Snapsheet  • Spex  • Stride Health  • Sure  • Sureify  • Inspool  • Zebra  • TongJuBao  • Trov,  • Tyche  • Uvamo  • Zenefits  • Zest Health  • Zipari Market driver  • Growth of Internet-based business ecosystem  • For a full, detailed list, view our report Key questions answered in this report  • What will the market size be in 2020 and what will the growth rate be?  • What are the key market trends?  • What is driving this market?  • What are the challenges to market growth?  • Who are the key vendors in this market space?  • What are the market opportunities and threats faced by the key vendors?  • What are the strengths and weaknesses of the key vendors? You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report. PART 07: Market drivers  • Growth of Internet-based business ecosystem  • Rationalization of transaction process  • Increased need for customer satisfaction PART 11: Market trends  • Incorporating big data analytics  • Innovations in insurance technology  • Tapping potential of social media channels for better market penetration and collaboration medium Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available.


News Article | November 23, 2016
Site: www.newsmaker.com.au

These analysts forecast the global insurtech market to grow at a CAGR of 10.41% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global insurtech market for 2016-2020. To calculate the market size, the report considers the investments made in insurtech platforms in the Americas, APAC, and EMEA. The report, Global Insurtech Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Key players in the global insurtech market: Friendsurance, Guevara, Oscars, and Zhong An. Other Prominent Vendors in the market are: Acculitx, Allay, Analyze Re, Array Health, BankBazaar.com, Bayzat, Bought By Many, Censio, Claim Di, Collective Health, Common Easy, CoverFox, CoverHound, Cuvva, Dynamis Software, EaseCentral, Eligible, EverQuote, FirstBest Systems, Gather, Gives range, GoHealth, Goji, Gravie, GroupHub, Haven Life, HealthCare.com, HealthSherpa, Hixme, InforcePRO, insPeer, insuremyrentalcar.com, Insurify, Jointly, Justworks, Ladder, Limelight Health, Lumity, Maxwell Health, Metromile, miEdge, Navera, Picwell, PlanSource, PokitDok, PolicyBazaar, PolicyGenius, Praedicat, QuanTemplate, RenewBuy, ROOT, Sherpaa, Shift Technology, SimplyInsured, Snapsheet, Spex, Stride Health, Sure, Sureify, Inspool, Zebra, TongJuBao, Trov, Tyche, Uvamo, Zenefits, Zest Health, and Zipari. Inquire for Discount on the Report at http://www.reportsnreports.com/contacts/discount.aspx?name=759411 Commenting on the report, an analyst said: "Many insurance companies are focusing on expense management in a bid to increase profit margins. This is possible only through the application of technology. Many insurers are shifting their focus from stand-alone technology projects to an environment where there is a continuous technological improvement. The top vendors are executing M&A and joint ventures to reduce costs." The insurance technology or insurtech is an increasing phenomenon that has revamped the insurance industry to connect with a wider customer base consisting of High Net Worth individuals (HNWI), upper middle-income group, and lower middle-income group. The insurtech platforms have the potential to help insurance companies to improve their relevancy to the customers to rebuild their trust. This will help in customer engagement.


News Article | August 23, 2016
Site: techcrunch.com

Farm drones, autonomous security guards and next-generation tampons were among the products presented at today’s Y Combinator startup accelerator Summer 2016 Demo Day 1. You can check out write-ups of all 44 below. And here are TechCrunch’s picks for “The top 7 startups from YC Demo Day 1”, plus writeups of the 48 startups that launched on Demo Day 2 YC’s increased international outreach efforts are paying off. 30 percent of this batch’s startups came from outside the US. While some were mere copycats of US startups, many brought different approaches to classic problems. Today’s startups were focused on consumer, developer tools, security, hardware, marketplaces, and non-profit. We’ll see a different set tomorrow concentrated around enterprise, B2B, biotech, edtech, and fintech. Investors had mixed reactions, with few saying they saw startups they were truly wowed by. Yet most admitted that past YC success stories were tough to spot on Demo Day, so we might not know the quality of this batch for a few more years. One major innovation at Demo Day: they’re now offering Doblet portable chargers so investors don’t have to worry about their phones dying or camping out by the power outlet like the TechCrunch crew. Here are all 44 of the startups that presented on-the-record today: Weddings can often seem to lead to temporary insanity. Joy is building a tool to help couples plan everything that takes place in-between the engagement and the honeymoon. The company’s marital software suite has seen some major growth over the past several months with about 150 happy couples joining the service daily to manage their RSVPs, track guests and keep everything organized. Joy is now looking to break into the $14 billion wedding registry market where they see even more potential to earn healthy commissions. Joy could disrupt the crooked deals where wedding planners book vendors who give them a bigger cut rather than giving the bride and groom the best price. The tampons women use have seen very little innovation over the last eight decades. Flex has created a tampon replacement set to a subscription model. The company has already sold $70,000 worth of product through pre-orders and has successfully navigated the FDA approval and patenting process. Flex wants women to be able to forget about their periods so they can take advantage of every minute of every day. Traditional tampons can make sexual activity tricky, be messy, and even cause infections. Their disposable menstrual product can be worn for 12 hours and is non-invasive, comfortable and healthy. In a few weeks women will be able to receive shipments of the tampons for $20 per month and the Flex touts 70 percent margins on the product. Read more about Flex tampons on TechCrunch Just six percent of adults in India own a car, but as more of the population reaches the middle class, more people want to drive. JustRide is a peer-to-peer car rental marketplace that takes a 25 percent cut of rental fees. The $500 a month that users can earn on JustRide is the same as the average monthly earnings in the country, so it lets users effectively double their wages. The startup’s proprietary IoT device lets it monitor driving behavior and blacklist adrenaline junkies. JustRide already has over 7,000 rentals a month in just three cities, but it’s chasing the full $18.5 billion yearly car rental market in India. While it’s a clone of America’s Getaround, India’s a big enough market to warrant its own competitor. Too often, apps that strike it big on mobile stifle their growth by focusing their scant resources on launching with only an IOS or Android app. Exponent want to make it super simple for mobile developers to build out iOS and Android versions of their app while only coding in JavaScript. The free open-sourced software uses React Native, a framework for building native apps that’s used by companies like Facebook, Airbnb and Walmart. The service just came out of beta this week. Led by early Facebooker and Quora co-founder Charlie Cheever, Exponent has an enviable team. Everyone universally enjoys relaxing on the beach with a mint julep, but not everyone has access to the same disposable income necessary for travel. Airfordable was born as a payment plan service to support travel for people that have limited credit or limited savings. The service lets wannabe travelers upload a flight itinerary and create bi-weekly payment plans that push payments off up to three months. Tickets are distributed only when the payment plan is successfully completed. After reaching profitability and booking $500,000 in sales, the company wants to increase spending to push into financing plans for hotels as well. The company has partnered with an insurance company that is accountable for default risk and is growing at 53 percent month over month. Read more about Airfordable on TechCrunch Senior citizens want independence, but many aren’t versed in using smartphone apps like Uber. GoGoGrandparent lets seniors call via phone to book a ride, which the startup books through existing car services. With a 50 percent margin, Go Go Grandparent is growing 12 percent week over week, and 21 percent of first time users stick with it. Now seniors are asking for help getting groceries and medicine, giving GoGoGrandparent adjacent markets to expand into. Though seniors might get better at smartphones, Go Go Grandparent thinks it can be the layer between them and the on-demand economy. Read more about GoGoGrandparent on TechCrunch The cloud can be a scary place when it comes to keeping enterprise information secure. ZeroDB ensures that companies with sensitive data can move their operations to the cloud without having to worry about compromising overall security. ZeroDB encrypts data and moves it to the cloud while keeping the decryption keys on location. The company announced at demo day that they are already in the process of partnering with a UK bank for an operation that will bring in $1 million annually for the company. In today’s day and age, companies with millions in resources like Google’s Calico are working on combating diseases related to aging like memory loss. A team of ex-Facebook timeline engineers wants to use what they know to create a solution far simpler than drug synthesis. Fabric is an automatic journal that captures experiences and interactions, including GPS location, to generate a complete searchable profile of memories. The app has been one of the top trending apps in the app store and has seen over 1.5 million new real-time checkins. Read more about Fabric on TechCrunch Those tiny seat-back screens cost airlines a fortune because of installation and the weight they add, and they make you feel trapped on the plane. Skylights has developed its own VR headsets and software so passenger can strap in and watch 2D and 3D movies on a giant virtual screen. Skylights has already outfitted 100 flights for 4 airlines, and its current deals for 15 flights a day will bring in $1 million a year in recurring revenue. With a founder who was a former commercial pilot and airline exec, Skylights wants to make VR in-flight entertainment good enough to become a differentiation point. Fantastic restaurants need fantastic ingredients, but the hardest part for chefs should be cooking the food not sourcing it. Haywheel is an online marketplace for artisanal foods that makes it extra simple for top-notch restaurants to score the choicest of lobster or tortellini. The company already has more than 300 restaurants using the service, including a few Michelin-starred establishments. Haywheel takes a 10 percent commission on the food purchased through the marketplace. The service launched last week and is already planning its move to open the program to the $5 billion specialty food store market. Most people in Silicon Valley recognize that the technology industry lacks diversity, but many don’t push themselves and their co-workers to change the status quo. A plethora of Bay Area tech companies are employing strategic recruiting to solve the problem but many have actually seen diversity stagnate and in some cases even decrease in recent years. DevColor wants to employ a non-profit structure to offer interview preparation and career strategy advice to help companies attract and retain black engineers. The startup is working with 114 software engineers and has closed sponsorships with mainstays like Pinterest, Collective Health, and Uber to ultimately reach long-term sustainability by the end of the next two years. Read more about DevColor on TechCrunch Commercial drones will grow to a $23 billion business by 2020 for agriculture, infrastructure inspections, and delivery. But many drones still fly blind, dependent on pilots. Iris makes a tiny box that can be added to a drone to give it sense and avoid capabilities. It uses computer vision and deep learning tech to create real-time 3D maps around drones and track objects up to 2000 feet away. It’s already in the air with a live paid alpha program. Drone hardware manufacturers won’t all be able to make the smartest brains, but Iris could help. Read more about Iris Automations on TechCrunch Setting up IoT devices sucks. It’d be fine if they kept working but as soon as your wifi goes down or power goes out, something is sure to get screwed up. Techmate wants to bring a more sustained level of tech support to consumers with smart homes. The company says that connected devices will increase 5x in the next 5 years so consumers are going to have a lot more smart light bulbs to take care of. The company currently has $30k in monthly revenue and has been growing 25 percent week-over-week since it launched. Men’s fashion is a $400 billion a year market growing faster than Women’s. Men want to own clothes, they just don’t love shopping. Looklive’s tech can scan a photo of a model or celebrity, tag what clothes they’re wearing, and let you buy those looks or something similar but more affordable. Looklive is partnering with content creators like Hearst’s Complex and Esquire magazines, which will upload photos to its site. Looklive will make them shoppable and take 10-30 percent of the revenue without owning any stock. Looklive’s co-founder started fashion e-commerce phenomenon KarmaLoop, and now his new startup is growing 25 percent month over month. Read more about Looklive on TechCrunch Taking a far more complex page from early iPhone apps that leverage the iPhone’s flash to detect heart rate, Luminostics wants to use the same flash to diagnose STDs like Chlamydia. To get a diagnosis, all you have to do is add a sample of blood, urine, or saliva to a cartridge and insert it into the smartphone adapter. In 15 minutes, smartphone users can get critical health information. The team decided to start with STDs because of the privacy concerns that put 35 million people at risk every year. The at-home device is fast, convenient, and private unlike traditional doctor visits. The tech was developed as part of PhD research and will be entering clinical trials next year. While the company still has a long way to go before hitting their target of a US and Europe launch in 2018, the founders have an ambitious vision that includes vetinary testing and food safety feedback, in addition to additional applications in consumer health. There are so many smart health apps out there than can analyze the hell out of your personal data but often the real problem is getting those reliable health metrics in the first place. Airo Health wants to track your calorie intake automatically. They’ve built a $200 wearable that measures the wave-form of your pulse to track blood flow to the digestive system. The research that the company is using suggests a strong correlation between this metric and a person’s total daily calorie consumption. The company has already partnered with the US military and is now targeting the 94 million Americans that are counting calories. New Incentives – Cash for birth at a health clinic 5900 newborns die each day in Africa, many because they’re not born at a health facility. New Incentives is a non-profit that offers conditional cash transfers to mothers who have their kids at a health clinic, which can reduce the risk of infection or spread of HIV. Its 5000-women pilot was shown to save 47 lives. New Incentives is growing 36 percent each week, and has the support of GiveWell, Good Ventures, and the Bill and Melinda Gates Foundation. Now the non-profit startup is seeking more money for what studies show is one of the top three most cost-effective ways to save a life. On a mission from Amsterdam, MessageBird is not coy about wanting to disrupt Twilio. The company produces APIs for sending SMS, voice, and chat messages. MessageBird has already acquired 13,000 customers including Uber, Skype, and even Dominos pizza. Compared to Twilio, the APIs are being sold as 20 percent faster and 30 percent cheaper than Twilio. Right now, the company only does business outside the United States but wants to use YC as a jumping off point into the U.S. market. Read more about MessageBird on TechCrunch Silicon Valley seems to have descended upon the mattress in recent years as a focus of disruption, but the lowly sofa – another item that’s incredibly annoying to acquire and move- has largely been neglected despite the fact that it’s a $23 billion industry. Burrow wants to give consumers a dead-simple service for buying a couch that is shipped quickly (within a week) and can be assembled without any tools. The company already has $150,000 in pre-sales and is operating at 40 percent gross margins for the $850 sofa. Miso is taking the home cleaning industry in South Korea and bringing it online. Thanks to Seoul’s density, Miso is already profitable there and will be in two more cities by next month. While it’s very difficult to retain cleaners in the US, it’s seen as a good job in South Korea where people can earn 60 percent more than in other jobs. Miso is growing 13 percent each week, has 600 weekly active cleaners, and customers are demanding additional types of service. On-demand cleaning is a capital intensive business which has seen failures in the US, but Korea could prove different. Read more about Miso in TechCrunch Taking pills sucks, not only do you have to remember to take your medicine at specific times, but you also often have to remember to take more pills than meals you eat a day. Multiply Labs is leveraging robotics and 3D printing to build made to order “designer” personal supplements. This means that you can go online and specify the substances that will appear in the pills shipped to you. You can even specify the duration of delivery for drugs like caffeine to hit at just the right time. Traditional pharmaceutical companies print pills in large batches, but Multiply Labs is using 3D printers to form the custom pills, and robots to fill them. Read more about Multiply Labs on TechCrunch Consumers have more interest in buying VR headsets than they do in plopping $1k on the high-powered gaming PCs that it takes to run them. Only one percent of the PCs out there are powerful enough for VR, Sixa want to change that by putting a specced-out virtual machine onto everyone’s system. Latency is a huge concern for cloud-based PC virtualization and it’s even more key in VR where the slightest increase in tracking latency can lead to some major user queasiness. Sixa claims that they’ve gotten the latency down to 10 milliseconds, an impressive metric that’s helping drive their $101,000 in monthly recurring revenue. The ConstructVR team is bullish on enterprise VR, so much so that they have created a platform for the distribution of VR apps to enterprises. While the market may seem small now, analysts project that 46 percent of VR apps will be used in an enterprise context. Samsung’s own GearVR team is using ConstructVR to distribute sales training to help employees sell more products. Without a cloud interface, companies have to use physical USB cables to distribute applications. The company is doing $7,500 in monthly recurring revenue and has requests in the pipeline for an additional $50,000 per month. Most people have too much time and not enough money. Simbi lets them barter their skills for those of other people. Through its credits system, you could train someone in yoga in exchange for dog walking, or give dance lessons for home cleaning. Simbi is growing 95 percent per month, and $100,000 in services are being traded each month. The bartering market could be magnitudes bigger than the $14 billion estimate if there was a clearing house like Simbi to make exchanges simple and safe. Read more about Simbi on TechCrunch For sites that need to move their security needs way beyond the “smile, you’re on camera” signs, there aren’t a ton of great options. Security guards can be inefficient and undependable, and security cameras can’t really do anything in terms of actually stopping an intruder. Aptonomy is hoping that drones are the answer. The company has built self-flying drones that can move around a set area and detect/record intruders or move about to physically stop them. Nobody likes applying to jobs, especially millennials. The job application has become far more “spray and pray” than ever before, and young job seekers easily feel overwhelmed managing large networks across dozens of companies. To combat this problem, Mentat wants to completely change the application process by automating resume reviews, app submissions, and interview coordination. The company is growing revenue at 40 percent week over week and has done $70,000 in revenue over the last month. Mentat is launching a paid pilot with the City University of New York (CUNY) that will be scaleable to $5 million in recurring revenue by the end of the year. Read more about Mentat on TechCrunch Women Who Code – Supporting the growth of female engineers Women Who Code has a vision that a mixture of data and community can help not only increase the presence of women in tech but improve their wellbeing. To date, Women Who Code has built up a network of over 80,000 members and has hosted 4,200 events to date. The non-profit supports women by offering a job board that displays job criteria important to women. The idea is that the transparency can help to nudge the ecosystem to adopt better practices. Read more about Women Who Code on TechCrunch Malware can wreak havoc on a system without ever letting on the fact that anything is awry. Metapacket is a security solution that stops malware by detecting whether outbound traffic is actually being generated by humans. The company claims that its firewall is the first in the world to boast this capability. It also claims that with its help, both the Sony and DNC hacks would have never happened. Farmers don’t know which acres of their farms produce the most crops. Raptor Maps uses drones and tractor-mounted sensors to analyze and A/B test farmland. Raptor Maps can tell farmers which seeds, fertilizers, and pesticides work the best. It can boost farmer profits and even make food a little healthier. Raptor Maps charges $100/acre and already has paid alpha installations with farms that sell to McDonald’s and Costco. Eventually, it could even sell data on which crops are growing to grocery chains and food wholesalers. Scale lets developers use an API to enter requests for flocks of humans to complete repetitive tasks. Mechanical Turk has quality control issues while business process outsourcing can’t be called via API and the firms are too big to work with some startups. Scale lets developers for Houzz get their housing listings screened for duplicates and price mismatches. Teespring uses Scale for moderation and categorization of user generated content. Scale is growing 40 percent week over week with over 50 percent gross margins. Computers can’t do every menial task, but now they can request humans that will do the rest. Read more about Scale on TechCrunch Over 13 million Americans have to sort through green card and citizenship applications each year and it can take weeks or months for everything to get ironed out. SimpleCitizen is aiming to make the process of navigating immigration documents a bit more tolerable. The company charges users $249 to cut down this whole process into just a few hours of work. The company has earned $40k in revenue in the last 30 days helping individuals and families in 90 countries with their immigration documents. Up next for the company is simplifying the process of applying for visas. When most people think of getting a fill-up, they instinctively think about their personal automobiles. However, busses, municipal vehicles, and dealership inventory all sit idle for significant portions of the day and still need to be ready at a moment’s notice with very minimal room for error. Yoshi has been successful at entering this market and offering previously unavailable fill-ups for a $15 dollar a month membership fee on a 24 cent per gallon margin. However, the company is also looking to address the everyday car owner. By incorporating additional services like selling engine cleaner, replacing tires, exchanging wiper blades, and offering to wash and detail vehicles, the company hopes to access a larger market and boost margins to 40 or even 50 percent. The company already has partnerships with companies like Firestone and is planning to launch a pilot in a month with a Detroit automaker. Read more about Yoshi on TechCrunch Most barbershops still handle appointment booking over the phone with pen and paper or outdated salon software. Squire lets customers book appointments over mobile in exchange for a $1 fee. Squire’s founders even owned and operated a barbershop just to find out what customers need. When Squire onboards a shop, they in turn recruit all their customers, which become paid users of Squire. It can earn $1000 a month per barbershop, and there are 300,000 barbershops in the US. While the X for Y startup cliche might seem a bit tired, Squire may have found a permutation that works. The housing crisis in San Francisco is no joke, yet there often seems to be little in the way of tech solutions from Silicon Valley that truly help the “average” cash-strapped SF apartment hunters. Starcity wants to build comfortable communal housing in San Francisco that makes use of the millions of square feet in unused residential space in San Francisco. The one-bed, one-bath units are 50 percent the price of the average insanely expensive SF studio apartment. Vote.org – Get out the vote with big data Vote.org wants to beat big money in politics with even bigger get out the vote data. Groups like Rock The Vote have built massive partnerships with celebrities and corporations to increase turnout at the polls, but the strongest data tools often rest in the hands of the parties themselves. Vote.org wants to unlock hyper-targeted applications of data for get out the vote efforts. The non-profit plans to reach 1.2 million voters in specific urban areas. This year, $10.2 billion will be spent on competitive races with anywhere between $12 and $315 spent per voter. If Vote.org can come up with enough funding, it will utilize SMS to to impact political engagement. 60 percent of video viewers don’t make it past the first 10 seconds of a clip. Coub wants to target these viewers with short video loops. After focusing heavily on making creation intuitive, the company has seen a 4X increase in loops created every month on the platform. Users can feed in footage from Youtube, Facebook, and UploadHero, trim the footage to find the best parts, and overdub the soundtrack. Coub is seeing an insane amount of traffic for its size, with 800 million video views per month with its video version of popular GIFs. Read more about Coub on TechCrunch Xberts want to take on Alibaba by building a network of Chinese hardware manufacturers that can hock their items directly to a worldwide consumer base. There are 120,000 hardware manufacturers in China and 84 percent of them are exporting products through wholesale channels. Xberts is building a platform that relies on reviews from influencers to help foster the relationship between users and manufacturers. They’ve built up a network of over 10,000 influencers and are currently representing 450 manufacturers. Lollicam launched in Korea a year ago and in that time it saw five million organic installs. Similar to Snapchat, Lollicam lets users create videos with a library of ~500 stickers. The company believes it can crack the Asian market given that only one percent of teens in Asia are on Snapchat. To bolster growth, the team is pursuing partnerships with companies like Disney, Pixar, and Samsung. One campaign to promote Zootopia resulted in one million videos generated with characters from the film. Read more about Lollicam on TechCrunch Media companies in Africa aren’t moving fast enough to adapt to mobile and the taste of millenials. OMG Digital makes mobile-first content, and has grown to six million monthly users spending 14 minutes per day, and it only launched six months ago. 90 percent of its users are on mobile, and the startup is signing ad deals with Guinness and the African telecoms. By copying BuzzFeed’s model for a unique market, OMG Digital could give African millenials something to read that’s written specifically for them. Read more about OMG Digital on TechCrunch Wallarm provides security by building profiles of average everyday usage for applications and APIs. Wallarm then uses this profile as a baseline to measure against, rapidly differentiating malicious hacker threats from normal requests and effectively reducing the number of false positives to zero. Wallarm already has 60 companies signed-on that are representing 100 million web users. Just during its time at YC, the now-profitable company has doubled its monthly recurring revenue to $100,000. Diehard local sports fans are willing to pay for in-depth coverage of their favorite teams that national and ad-supported media outlets can’t provide. The Athletic is a new sports media destination that hires top writers from publishers like ESPN, puts their content in a beautiful ad-free platform, and charges fans $7 a month to read it. In Chicago it’s already grown to 2000 subscribers with 18 percent weekly growth. It’s acquiring customers for $14 each and earning that back in just two months. The Athletic’s team already built endurance sports media giant Strava, and now want to scale their best-in-city sports news to 200 more markets. Read more about The Athletic on TechCrunch SMARTSITE is a detection device that can identify airborne particles and UV radiation among other things on construction job sites. The information is collected 24/7 and data is fed back in real time to a supervisor dashboard. The company’s value proposition is simple, reduce injuries and reduce lawsuits. 40 construction sites will be using the technology by the end of September, and the team is working to convert six pilot programs with the potential to hit $2.4 million in annual recurring revenue if successful. Read more about SMARTSITE on TechCrunch The best rooms in luxury hotels aren’t on Expedia or Priceline, and sometimes they’re not even on the hotel’s website. But if you want to travel in style or in a big group, they can be the best option. Suiteness creates a platform that showcases these unique rooms and lets you book them. Its average booking price is $2194, from which it earns $315 on a customer acquisition cost of $138. That means it earns back the money in the first booking. Suiteness has 30,000 suites from top hotels like the Wynn, Venetian, and Cosmopolitan on the platform already, and it’s aiming to increase booking transparency for all the 300,000 suites in 100 cities. Airbnb became a giant thanks in part to groups who wouldn’t fit in a hotel room. Suiteness could offer them a nicer place to stay. Read more about Suiteness on TechCrunch Buying the right Internet Of Things devices is tough, and it’s even harder to install them. Mosaic guides you through the buying process, then sends a technician to your home to install them, plus offers subscription software for managing your smarthome. Mosaic can make big margins off installation, recurring software revenue, and do bulk sales by outfitting entire new apartment buildings. As the IoT trend picks up now that useful devices are finally here, Mosaic could be the Geek Squad for your geeky home. Our picks for the top 7 startups from Demo Day 1 All 48 startups that launched on Demo Day 2 Our picks for the top 8 startups from Demo Day 2


News Article | October 29, 2015
Site: www.newyorker.com

This is the second essay in a three-part series looking at problems and solutions in the health-care marketplace. Read part one, on the main issues with the existing insurance system, here. On the sixth floor of the historic Puck Building, in SoHo, are the headquarters of Oscar, a two-year-old startup that sells health insurance to individuals. The office, like the building’s Shakespearean namesake, has a certain playfulness: the walls double as chalkboards, kegs of beer round out the kitchen, and the names of the conference rooms refer to famous Oscars, including one called Bluth, after the “Arrested Development” character. “We want to introduce people to the idea of great health insurance,” announces a credo printed on one wall. “By being simple. By being thoughtful. By being friendly.” Oscar is one of several health-insurance companies to emerge in the past few years with the ambition of reinventing the industry. The Affordable Care Act, which was signed into law in 2010, created an unprecedented opportunity to change how Americans purchase and consume health care. The A.C.A. has made health insurance mandatory, creating a captive market. It has introduced the health-insurance exchanges, giving people who were previously uninsured an easier way to get coverage. It has accompanied a rise in the popularity of high-deductible plans, which charge lower annual fees but require greater out-of-pocket contributions, prompting consumers to be more judicious about how they seek care. And it has initiated a shift in reimbursement to health-care providers from rewarding volume to rewarding value, creating financial incentives for providers to reduce unnecessary spending. The question now, five years after the A.C.A. was passed, is how the health-insurance industry should evolve. In the past few years, two noteworthy approaches have emerged, addressing different aspects of the insurer-provider-patient triad. The first focusses on building a relationship between insurers and patients, capitalizing on the opportunity offered by the exchanges. The second attempts to forge financial alliances between insurers and providers. While both seek to improve the system, they reflect different strategic bets on where it is most amenable to innovation, and how insurers can have the greatest impact in the short-term. Oscar, which sells insurance on the individual exchanges, is one of the most visible examples of the direct-to-consumer approach. In September, Google’s growth-equity fund announced a $32.5-million investment in the company, bringing its total valuation to $1.75 billion. From Oscar’s sleek Web design to its colorful cartoon advertisements to its homepage U.R.L. (hioscar.com), the company’s clear hope is to attract customers by making something that is ordinarily unpleasant seem more palatable. It has amassed some forty thousand members in New York and New Jersey, where it currently operates, and plans to expand to Texas and California this November. Some critics have questioned whether Oscar’s clever marketing is simply a veneer for a traditional health-insurance plan. But Mario Schlosser, the C.E.O. of Oscar, told me that he sees the marketing as key to creating a different kind of insurance. “We have an asset, which is a membership base that is very engaged,” Schlosser said. That engagement allows the company to offer creative incentives to influence patient behavior in positive ways. Last year, for instance, Oscar began giving some members a monetary reward for getting a flu shot. Twice as many patients in that group signed up for the vaccine, as compared to Oscar patients who were not offered a reward. Oscar was also the first health-insurance company to offer members free unlimited access to telemedicine, a move Schlosser told me has minimized unnecessary office and emergency-room visits. An evaluation for abdominal pain would traditionally cost the company more than a thousand dollars; using telemedicine, it costs fifty-seven. And patients, who pay nothing at all, avoid considerable out-of-pocket costs. “It’s really being utilized by our members,” Schlosser told me. “Even though we pay for these visits, they over-all appear to be saving costs for the entire system, as opposed to costing more.” The direct-to-consumer strategy has its challenges, though. For one, prices have to be competitive for a company to win over market share—a strategy that can be difficult to sustain, particularly for startups that lack sufficient capital to buffer their losses. In hopes of promoting healthy competition, the government has sponsored a number of “consumer operated and oriented plans” (CO-OPs), non-profit organizations that, like Oscar, sell insurance on the exchanges. In September, regulators announced that they were shutting down Health Republic Insurance of New York, the largest of the CO-OPs. The company had lost more than fifty million dollars in the first half of this year. So far, eight CO-OPs across the country have closed their doors, and many more are dealing with financial losses and lower-than-expected enrollment. Another limitation of the direct-to-consumer approach is the size of the market. Last year, only seven million individuals bought coverage through an exchange, and the Congressional Budget Office projects that, over the next five years, enrollment will plateau below twenty-five million. By contrast, a hundred and fifty million people were insured through their workplace last year. It’s possible that this imbalance could shift—for example, if more employers were to adopt “private” employee-dedicated exchanges and give workers a fixed allowance to spend on a plan of their choice. A Kaiser Family Foundation report published this year indicated that while only two per cent of workers are currently enrolled in a private exchange, one in five employers are considering the model. By creating demand “from the ground up” among employees, Schlosser told me, Oscar hopes that eventually it, too, can expand into the employer market. While customer choice is typically considered a good thing, the direct-to-consumer market’s reliance on autonomy can also be a problem. When I became a doctor, I struggled to choose between just two plans that my employer had pre-selected for me, and research suggests that, in general, consumers make worse decisions when they are given too many options. “Throwing your employees to an exchange is not consumerism. That’s abdication,” Ali Diab, the co-founder of a company called Collective Health, which helps employers design and implement custom health plans, told me. “These are employees who you’re expecting to be engaged and productive at work, not benefits experts.” Perhaps the most serious criticism of the consumer-focussed strategy is that, no matter how well executed or widely adopted it is, it will do little to address the larger issue of rising health-care expenses. That’s because complex and chronic diseases drive the greatest share of costs, and providers still control most spending decisions where these illnesses are concerned. A 2013 survey on medical expenditures conducted by the Agency for Healthcare Research and Quality found that five per cent of the population accounted for nearly half of all health-care spending. Improving outcomes and decreasing costs for the sickest patients will take more than slick technology and a friendly interface—it will take close coördination with providers, adjustments to how they are compensated, and system-wide changes in clinical practice. Read part three, on new approaches to the relationship between providers and insurers, here.


SAN FRANCISCO--(BUSINESS WIRE)--#digitalhealth--Collective Health Appoints Chief Operating Officer and Senior Vice President of Sales and Customer Success and doubles its membership to 70,000 lives.

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