This article neatly looks at the growing interest in the InsTech side of FinTech but flags the relatively low number of InsTech start-ups versus their FinTech cousins.
A key point is that a lot of the potential disruptors to the industry may not look or smell like insurance ideas - better use of data, smarter customer management etc could all make a real impact in the insurance sector; but are the innovators aware?
The industry needs to make sure it is helping smart young minds realise that there might be a big opportunity for their idea in the Insurance sector.
But there's one big piece of the puzzle missing — the startups. Liolios says: "Not many startups self-identify as insurance startups. If somebody has a big data analytics platform, they could sell it to the insurance industry and it could be really valuable. We feel it is our responsibility to alert them to that." The accelerator programme was first announce in June and so far Startupbootcamp has had around 50 applications. Liolios says this is a good number and he would be "really happy" if it gets 300 applications in total by October's cut off.