HUG HUB are thrilled to announce that it has been selected by FinTech Global as one of the Global InsurTech100 for 2020
Fintech Global notes that “there’s plenty of interest and hype about InsurTech in the marketplace, but much of it is superficial, incoherent or self-serving and fails to meet the needs of decision-makers in incumbent financial institutions who require independent facts, figures and analysis”.
The INSURTECH100 is an annual list of 100 of the world’s most innovative InsurTech companies selected by a panel of industry experts and analysts. FinTech Global suggest those selected are ‘companies every leader in the insurance industry needs to know about as they consider and develop their digital transformation strategies and new customer propositions, helping senior management and insurance professionals evaluate which digital insurance models have market potential, and are most likely to succeed and have a lasting impact on the industry’.
Jonathan Davey, CEO of HUG HUB insurance business software, commented;
“We are incredibly proud to be recognised as one of the global leaders in the InsurTech space. Our team is hugely passionate about changing the landscape for insurance retailers and customers alike and have worked incredibly hard not only to bring our product to market but keep it ahead of the game through continuous innovation. For too long the industry has lived with product and data siloes, lack of personalisation and poor speed to market for new product initiatives. HUG HUB has sought to solve these problems for retailers of insurance whether they are in the B2C or B2B space. These are exciting times for HUG HUB as we go into a post-COVID world where digitization is increasingly top of Insurance companies’ priorities.”
The assessment criteria used by the Advisory Board and FinTech Global team for InsurTech100 selection include the following:
- Industry significance of the problem being solved
- Growth, in terms of capital raised, revenue and customer traction
- Innovation of technology solution
- Potential cost savings, efficiency improvement, impact on the value chain and/or revenue enhancements generated for clients
- How important is it for insurance executives to know about this company
About HUG HUB
HUG HUB enables insurance retailers to advance and streamline processes and deliver a better customer experience whilst lowering operational costs. HUG HUB can take any element of data and drive hyper-personalised images, text and workflows in a B2C or B2B environment. HUG HUB’s customer base includes Insurance Brokers, MGA’s and Insurers as well as applications in the Legal Industry.