InsurTech 100: PAL Network Claims Top 100 Most Innovative InsurTech Companies

Published in

PAL Network

3 min readOct 11, 2018

PAL Network is proud to announce that we have made it as one of the top 100 most innovative insurtech companies ranked globally.

InsurTech 100 is an award that features the world’s most innovative startups and scale-ups every industry leader will need to know about. The world’s most innovative providers of digital solutions to make a lasting impact on the insurance industry will be evaluated by specialist data and research firm FinTech Global.

Although InsurTech 100 puts PAL Network up against very strong contenders, we are very thankful for the panellists to recognise our efforts to make a lasting impact on the insurtech sector in the last year. PAL Network will continue to strive for exponential growth and develop sustainable roadmaps to extend our influence.

Be the first to look at the report featuring the 100 most innovative insurtech companies here. More detailed information about the full list of companies is available for download in a research PDF on the website.

About Insurtech 100

The world’s most innovative providers of digital solutions having a lasting impact on the insurance industry have been revealed on this year’s InsurTech 100 list. InsurTech (insurance technology) is one of the largest and most important sectors within the FinTech space. Over $7 billion has been invested in InsurTech solution providers since 2015 as insurance and reinsurance firms, as well as investors, realise the huge impact new digital models are having on the industry. As incumbent financial institutions grapple with rapid innovation and digital transformation challenges, the InsurTech 100 was produced to identify the 100 innovative companies that every leader in the insurance industry needs to know about in 2019.

The standout businesses were chosen by a panel of industry experts who reviewed an analysis of 637 InsurTech companies undertaken by FinTech Global, a data and research firm. Companies making the final cut were recognized for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the insurance value chain.

About PAL Network

PAL Network is a dual-layered protocol for financial assets that uses data to bridge the gap between consumers and insurance providers by providing a new level of accessibility within the financial ecosystem. The company also works with insurers to provide CryptoProtect insurance coverage for digital assets and smart contracts. PAL Network is a member of Singapore Fintech Association and ACCESS. PAL Network’s affiliated entity, PolicyPal Singapore, has an active user base of 50,000 for its app, which helps users to manage, buy and optimise their insurance policies.

Currently, PAL Network has partnerships with insurance companies, FWD and Ergo, to explore potential use cases of our decentralised protocol together. Furthermore, we have also established collaborations with blockchain projects NEM, QTUM, Sentinel Protocol, MediBloc, Digix and traceto.io to offer CryptoProtect and mainstream insurance products for the projects themselves, along with their respective communities.