Based on Startus, generally, InsurTech is seen as a spin-off field of FinTech. While FinTech has been causing major disruptions in the banking and investment sectors, InsurTech has received less attention. However, many InsurTech innovations have the potential to fundamentally change how insurance practice looks like in the near future: 3-Connects (connected car, home, and self) will not only greatly improve systematic risk assessment of personal insurances, but will also provide knowledge and incentives for clients to actively reduce risks in their life; blockchain, Artificial Intelligence, and Big Data will fundamentally change how insurance data is stored, shared and analyzed.

Followings are the key solutions on InsurTech industry.