The role of start-ups in the insurance knowledge space

Start-ups are often theorized as important players in the innovation ecosystem around FinTech and InsurTech. However, not all start-ups and economic ecosystems are equal in that regard. This white paper is a quantitative assessment of start-ups data to map the business landscape in terms of their position in the AI transformation of insurance.

By using insights from evolutionary economic geography on a dataset derived from the Crunchbase data aggregation platform, we generate a “knowledge space” map. This knowledge space map shows us which related technologies drive which kinds of innovation in the insurance sector. By coupling these insights to the geography of who funds different kinds of innovative start-ups, a picture is generated about the forces that drive the next generation insurance.