Fintech 4.0: revisiting insuretech

Emil Mamedov
Sep 5, 2019 · 3 min read

This original post is now published on The Startup and the preamble is quoted below.

Read the entire analytical post here.

The concept of insurance dates back to ancient history with the first form of written policy appearing in the code of King Hammurabi, some 3,800 years ago. Merchants who borrowed funds would pay a small fee to lenders, and in exchange, the lenders would cancel the loan in case goods were lost. Fast forward to today, and it is a nearly $5 Trillion global industry. It is often thought of as a slow-moving conservative sector resistant to change, but the unprecedented pace of innovation is dramatically changing the insurance industry landscape. Changing demographics and consumer behavior, shift from asset ownership to renting, increased interconnectedness, the emergence of shared economy and Airbnb business models, are having a profound effect on the sector. A.I., IoT, and decentralized ledger technologies (DLTs) are key enablers for the sector to respond to these trends, streamline operations, reduce costs, and provide innovative insurance solutions. Let’s take a look at the opportunities for innovation in the sector and where the change is already happening.

Applied Crypto Ventures is a specialized venture capital investment firm focused on applications of advanced mathematical and cryptographic techniques like blockchain, directed acyclic graphs, and other distributed ledger technologies.

Learn more about Applied Crypto Ventures Fintech Next Fund II

Our investment thesis is published along with other blog posts on Medium that articulate our strategy, and tactics. Other resources available to you include our website, twitter, linkedin profiles here and here, and our “Blockchain Education Center.”

Important Disclosure Information:
The various funds of the Applied Crypto Ventures (ACV) Blockchain Fund are a series of Green Nonce Ventures, LLC (GNV), DBA Applied Crypto Ventures, LLC. GNV is an independent, for-profit company. Past performance of Applied Crypto Ventures Blockchain Funds may not be indicative of future results. Different types of investments involve varying degrees of risk, and venture capital funds, including the Applied Crypto Ventures Blockchain Funds, are very long-term investments that involve substantial risk of loss, including loss of all capital invested. Moreover, you should not assume that any of the above content serves as the receipt of, or as a substitute for, personalized advice about investments. This newsletter is informational and educational only, and no offering of securities is made with this newsletter. Offers are made only pursuant to formal offering documents, which describe risks (which are significant), terms, and other important information that must be considered before an investment decision is made. Applied Crypto Ventures Fund offerings are made solely to accredited investors who accept the responsibility for conducting their own analysis of the investment and consulting with their professional advisors with respect to their analysis of this investment. ACV’s investments are risky, not suitable for all investors

Applied Crypto Ventures

A specialized venture capital investment firm focused on…

Applied Crypto Ventures

A specialized venture capital investment firm focused on applications of advanced mathematical and cryptographic techniques like blockchain, directed acylcic graphs, and other distributed ledger technologies.

Emil Mamedov

Written by

Investor at Applied Crypto Ventures

Applied Crypto Ventures

A specialized venture capital investment firm focused on applications of advanced mathematical and cryptographic techniques like blockchain, directed acylcic graphs, and other distributed ledger technologies.