#4 – Popular Insurtech Startups<\/span><\/h2>\nDespite their relatively new entry in the market, insurtech start-ups have already claimed heavy investments and established a customer base. Some of the popular startups in the field are as follows:<\/span><\/p>\n\n- Everledger<\/b>: With its foundation in 2015, Everledger has established itself as a reliable insurer against jewellery fraud. Its system employs the blockchain technology along with smart contracts to eliminate fraud claims.<\/span><\/li>\n
- Metromile<\/b>: Based in San Francisco, this startup provides auto insurance to consumers driving less than 5,000 miles in a year. It has its own wireless device named Metromile Pulse that measures the mileage. Its driving app helps users avail and manage their insurance claims on a phone.<\/span><\/li>\n
- Oscar Health<\/b>: In its mission to revolutionize the healthcare insurance sector, Oscar Health offers insurance services and medical assistance via its online portal and mobile app.<\/span><\/li>\n
- Trov<\/b>: This UK-based insurtech startup provides property insurance and management via its mobile app with features like real-time chat.<\/span><\/li>\n<\/ul>\n
The advent of insurtech is effectuating a tech revolution in the current insurance setting, filling the voids of an outdated framework with smart technology. Insurtech has its own challenges to address in terms of validating its reliability as virtual insurers. But the ease and efficiency that it brings to the process can certainly give it an edge over traditional insurers.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Insurance is an old player in the market. The industry has expanded into a multibillion-dollar business across the globe. With the increase in awareness among the masses, the insurance sector has consistently witnessed exponential growth for quite a while. But there has been next to little technological advancement to accompany this expansion. After years of…<\/p>\n","protected":false},"author":2,"featured_media":34629,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"_links":{"self":[{"href":"https:\/\/entropymag.co\/wp-json\/wp\/v2\/posts\/32222"}],"collection":[{"href":"https:\/\/entropymag.co\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entropymag.co\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entropymag.co\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/entropymag.co\/wp-json\/wp\/v2\/comments?post=32222"}],"version-history":[{"count":0,"href":"https:\/\/entropymag.co\/wp-json\/wp\/v2\/posts\/32222\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entropymag.co\/wp-json\/wp\/v2\/media\/34629"}],"wp:attachment":[{"href":"https:\/\/entropymag.co\/wp-json\/wp\/v2\/media?parent=32222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entropymag.co\/wp-json\/wp\/v2\/categories?post=32222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entropymag.co\/wp-json\/wp\/v2\/tags?post=32222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}