There are many InsurTech lists and landscape infographics. What really matters is identifying the winners. Members of Oxbow Partners InsurTech Impact 25 have achieved revenue growth and have a technology-led proposition that can transform incumbents or the insurance industry as a whole.
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Selection is based on two factors:
Material revenues or revenue growth indicating customer traction
A differentiated yet sustainable proposition (D2C or B2B) with evidence of client value
As a principle, we are looking for companies that are not household names but can demonstrate real traction in the market. We expect Members to satisfy most of the following criteria, but will consider applications on a case-by-case basis.
If you think your business is suitable, please apply to be recognised. Applications close 23 December 2017.
The InsurTech population has become crowded since the category emerged in mid 2015. There are many InsurTech lists and landscape infographics. What really matters is identifying the winners.
Oxbow Partners is known for its critical analysis and insight of the InsurTech space, not least through our popular blog. We will use our deep understanding of both the insurance industry and InsurTech to identify the InsurTechs to be included in our 2018 group.
Yes – the Impact 25 is for both D2C businesses (e.g. personal lines distributors) and B2B businesses (e.g. companies selling to insurance companies).
There are two selection criteria for companies that meet the eligibility criteria:
We believe that revenue is the best indicator of traction. In the application process, companies can provide either 2016-2017 revenue growth (as a percentage) or provide an indication of their 2017 revenue (by choosing from a number of revenue bands). Companies that are selected for the Impact 25 will need to validate their revenue submissions before becoming Members. Companies’ revenues will NOT be published (but growth data and ranges may be).
Revenues used in the application should be:
Revenue growth should be calculated as: [(Projected 2017 recognised revenue) – (2016 recognised revenue)] / (2016 recognised revenue)
We are looking for companies that have a differentiated yet sustainable proposition. Applicants are requested to provide an answer to the question: “How will your company impact the insurance industry in 2018?”. Answers must be under 300 words and will be assessed in three areas:
Oxbow Partners’ selection of Members will be final.
Members must have 2017 full year revenue of between £100k and £10m to ensure we are highlighting emerging businesses with genuine momentum. We believe revenue thresholds are the most objective proxy for this.
Actual revenue data only needs to be provided as validation by companies selected to be Members of the Impact 25. There is no need to provide revenue data in the application process. All revenue data seen by Oxbow Partners for this purpose will be held strictly confidential in line with the confidentiality statement in the application form. Please note that we do not typically sell services to startups so we are not collecting this data for underhand purposes.
The InsurTech Impact 25 is for insurance executives and investors who want to cut through the noise and find the elite technology-led businesses that can transform companies, or indeed the insurance industry as a whole. The InsurTech Impact 25 should be every executive’s and investor’s first port of call when looking for an innovative technology partner.
Look out for events and other material to be released during 2018.
Each applicant is assessed by Oxbow Partners’ team of InsurTech experts, meaning that members of the Impact 25 can claim to be genuine leaders in a crowded InsurTech landscape. Membership of the Impact 25 provides validation of your business to potential customers and investors: licence the special members’ logo and display it on your website and marketing materials with pride.
We will also be hosting events and making introductions to help you further develop your business.
Oxbow Partners is a management consulting business serving the insurance industry. We have a specialism in InsurTech and innovation and publish a popular blog on the subject. We are known for our critical analysis and insight of the InsurTech space. We will use our deep understanding of both the insurance industry and InsurTech to identify the InsurTechs to be included in our 2018 group.
Note that our clients are typically large (re)insurance companies, brokers, service provider and investors – and not emerging InsurTechs. We believe we are able to be objective and unconflicted in our selection of the Impact 25.
No, we will be choosing members of the Impact 25 purely based on merit without reference to any commercial considerations.
No, the 2018 members will be published on our website in early 2018. However, further commercial packages will be made available later in the year (e.g. reports and greater insight into members, events).
If you would like to use the logo, please contact us for permission.
Members of the InsurTech Impact 25 can licence a special version of the logo from Oxbow Partners for use on their website and marketing. Further information will be provided to members.
We will consider applications on a case-by-case basis against the two criteria.
Please email us and we’ll get in touch with them, or ask the business to submit an application directly.
The list will be published in early 2018.
Europe is the UK, continental Europe, Turkey, and Israel.