Sonr, makers of a scouting platform for the insurance industry, recently released its report of leading insurance startups and "scaleups" worldwide, which was sponsored by EY along with Element, the German cloud-based carrier, and Tractable, the provider of AI insurance solutions. "The insurtech market is maturing, as is their position and relationship with incumbents," Sonr CEO Matt Connolly wrote in his introduction to the report. He added that in addition to ongoing insurtech investment, the sector has embraced partnerships with carrier incumbents in order to further innovation. To be considered for Sonr's list, an insurtech must have reached a notable point of maturity by demonstrating market fit and business traction. The list includes both digital-based insurance carriers as well as technology companies catering to the insurance industry. Nineteen judges from across the industry were involved in the selection process. Judges looked at each company's funding and client base. The slideshow above reveals the dozen insurtechs at the top of Sonr's 2021 list. "This exceptional list of companies showcases leading innovation and precisely highlights a shift to the next wave of insurance businesses and business models," Chris Payne, EY's insurance technology consulting leader, wrote of the compilation. "Insurers are responding in a number of ways as they look to move from legacy technology to future-ready solutions that are quicker to deploy and present faster return." See also: |

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