15 tech trends in the insurance industry

Hola,

Today is Hack Day — our quarterly hackathon where, for 24 hours, CBIers get together to work on any idea they want. Past projects include a coffee suggestion engine, an industry vertical news feed, and a CW-style teen drama about CBI.

We will be back to our regular programming next week. But meanwhile, if you want to join a company where hacking is not just for the engineers, and once a quarter we are encouraged to set aside our usual work to tinker on anything remotely related to CB Insights, we are hiring.

Better safe than sorry

Tech like smart home sensors, wearables, and drones can help ensure more accurate claims tracking and lower costs for customers. 

Take a look at these emerging trends in our latest P&C Insurance Trends To Watch In 2020 report.

Staying optimistic

Healthcare AI was one of the sectors that saw funding grow amid Covid-19.

Check out other areas that saw increased investor interest during Q1'20 here.

RIP to my desk plant

Twitter recently announced that it’ll let its employees work from home — forever. 

We mapped out the startups enabling the future of remote work here. 

Amid a challenging economic outlook, even companies under pressure are seeing deal opportunities. This week, Uber announced it’s in talks to acquire food delivery rival Grubhub, just days after it led an investment round for scooter and bike-sharing service Lime with the option to acquire it down the line.

Across the board, M&As have held relatively steady, while IPOs continue to trend downward. In Q1’20, the number of IPOs in the US dropped for the third consecutive quarter, according to PwC and CB Insights' Q1’20 MoneyTree report.

Target, for one,  recently announced plans to purchase retail delivery startup Deliv’s technology assets in order to address its own supply chain challenges.

For clients looking to get up to speed on all of the other exit rounds in Q2’20, use our Advanced Filters tool to see up-to-date M&As and IPOs for US-based companies here.

Have a great rest of the week.

P.S. We're hosting a CPG webinar next week to tackle the question of how Covid-19 has impacted startups across gaming, beauty, personal care, and more. Sign up here.