2019: A Year Of Impact For Fintech, Insurtech And Real Estate

During 2019, the ‘Tech’ family grew exponentially, especially regarding funding.

There were many changes in the Insurtech, Fintech, and Real Estate and Proptech industries, but let’s clarify these terms first of all. Insurtech refers to the use of technological innovations that are designed to squeeze out savings from the current insurance industry model and increase efficiency.

Fintech is probably one of the best known “–tech” neologisms. This term is used to refer to projects that seek to transform financial and banking services by applying the disruption of new digital technologies. This concept encompasses a broad range of solutions: methods of payment, data-based decision making, customer service through chatbots and hyper-personalized AI-powered services that can learn from customer patterns.

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Real Estate Technology is also known as Proptech, an acronym used to describe any technology designed for the real estate space. This can include software (property portals like Rightmove and Zoopla are considered to be Proptech software!), hardware (such as sensors), materials (special bricks are being developed to act as batteries for solar panels)…