Insurtech or Insuretech refers to the use of technology innovations designed to find cost savings, reduce risk, and improve efficiency from the current insurance industry model. 

By using technology such as data analysis, IoT, and AI, Insurtech allows products to be priced more competitively. Insurtech is used to more effectively process claims, evaluate risk, process contracts, or underwrite policies. Insurtech is premised on the belief that the insurance industry is ripe for innovation and disruption.

Insurtech is exploring avenues that large insurance firms have less incentive to exploit, such as offering ultra-customized policies, social insurance, and using new streams of data from Internet-enabled devices to dynamically price premiums according to observed behavior. 

Some of our recent work in the Insuretech space includes finding the VP of Sales for a weather-predictive AI-software as a service startup.