ITFA Insurtech Working Group – 2nd Edition Booklet Release

Comparability. This was the mantra for 2023 for the Insurtech Working Group for the second edition of the Insurtech Booklet. For 2023, our desire was to present to our ITFA members a second iteration that allows more comparability between insurtech players to delve into the “WHAT”.

In 2022, with the first edition of the Insurtech Booklet, we focused on canvassing the marketplace to understand the “WHO” of the insurtech ecosystem exploring the availability of insurtech solutions in this corner of the market. 2023 takes this further to empower our members with more comparable details on each offering.

Inside, you will find a tabular comparison of 12 insurtech players in the trade finance industry covering over 25 qualitative and quantitative attributes so that you can compare each insurtech. Five core trade finance products (payables finance, receivables finance, guarantees/SBLCs, letters of credit and trade loans) are analysed across the insurance lifecycle from origination/placement to documentation to transaction monitoring to claims to understand the current availability of offerings.

The client users of each offering are also set out as well as the general corporate details of each insurtech. Finally, the capabilities, cost methodologies, technology/ customization/compliance options, regions covered, and implementation timelines are shared.

This booklet was released and presented at the ITFA Insurance Day last week to 125 participants of the market and followed by an interesting panel discussion. To access the Insurance Booklet, please click here.

We hope you will enjoy this publication.