DOCSLIB.ORG

Insurtech Market Overview Methodology & Figures

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Insurtech Market Overview Methodology & Figures InsurTech Market Overview Methodology & Figures ▪ Each InsurTech profile was pieced together from news headlines, blog posts, white papers, press releases, and from the company’s own website (terms of service and privacy policies included). ▪ Between April and September 2018, the Milken Institute reached out to all the platforms listed in this slide deck through e-mail or phone to provide feedback and additional insight on their platform. ▪ Of the more than 100 InsurTech platforms (104) profiled in the slide deck, the Milken Institute received feedback from 55 percent of the firms profiled. ▪ 43 of the 104 firms profiled are considered technology solution providers. ▪ 61 of the 104 firms profiled are considered full stack insurers, agents, or brokers. ▪ 64 of the 104 firms profiled are headquartered in the U.S. 2 InsurTech Venture Capital Investment Trends: 2012 - 2017 “Insurtech is both mature enough to experience a fair degree of M&A, but also fresh enough that massive sums of VC are still flowing into multiple new startups looking to tackle different niches of the vast insurance sector. Mature businesses, such as Lemonade, are looking to raise massive rounds, while deep-pocketed investment firms are more than willing to supply sums to the extent that 2017 saw a new record total in both deal value and volume.” - KPMG Pulse of FinTech Report Q4 2017 3 InsurTech Overall Investment Trends: 2010 - 2017 KPMG Pulse of FinTech Report Q4 2017 4 InsurTechs: Year Founded Launch of InsurTech Platforms 18 16 14 12 10 8 6 # of InsurTech Platforms 4 2 0 2000 2004 2005 2006 2007 2008 2010 2011 2012 2013 2014 2015 2016 2017 2018 (Jan-Jun) Year Founded Note: The founding date may also correspond to when the platform launched insurance services or the year when the platform rebranded (changed its corporate name). 5 InsurTechs: Geographic Location (Global) InsurTechs by Country 70 64 60 50 40 30 # of InsurTechsProfiled 20 10 8 8 6 5 3 2 1 0 U.S. India UK Singapore Germany China France 8 countries with 1 InsurTech Country Note: This graph represents all companies listed in the proceeding pages of this slide deck headquartered in various countries around the world. 6 InsurTechs: Geographic Location (USA only) Number of InsurTech Platforms by U.S. State 30 25 24 20 16 15 10 # of InsurTech Platforms 6 5 3 2 2 2 1 0 California New York Massachusetts Illinois Florida Minnesota Texas 9 states with 1 InsurTech profiled U.S. State Note: This graph represents all companies listed in the proceeding pages of this slide deck that are headquartered in the United 7 States. InsurTechs: By Model InsurTech Platform Models 35 31 30 25 20 18 15 12 No. InsurTechsNo. of 10 5 0 Full Stack Agent Broker InsurTech Platform Models 8 InsurTechs: By Model InsurTech Platforms Offering One or Multiple Products 35 60% 30 50% 25 40% 20 21 30% 15 5 20% Percent of Total Numberof Platforms 2 10 13 10% 5 10 10 0 0% Full Stack Agent Broker Model Platforms Offering Multiple Insurance Product Categories Platforms Offering One Insurance Product Category Percent of Total Note: Percent of total is based off of 61 firms that we’ve designated as full stacks, agents, or brokers. Percentages may not round up to 100 due 9 to rounding. InsurTechs: By Product Offering InsurTech Platforms by Product 25 19% 20% 18% 16% 20 16% 14% 14% 12% 12% 15 12% 10% 10% 8% 10 8% 6% 6% 4% 5 4% 2% 0 0% Health Auto Life Specialty Home/Rent Travel Disability, Business Endowment, Personal Retirement, Liability, Pension Accident Total No. of InsurTech Platforms Percentage of Total* * Note: Several platforms, particularly broker platforms, offer more than one product or service. As such the number does not add up to 61, but 118 due to duplicates. Percentages are based out of 118, not 61. Percentages may not round 10 up to 100 due to rounding. InsurTechs: By Model & Product Type of InsurTech Platform, by Product Offering 18 16 16 14 13 12 10 9 8 8 8 6 6 6 6 5 5 4 4 4 4 4 4 3 2 2 2 2 2 2 No. Product of Offerings 2 1 0 Product Offering Categories Full Stack Agent Broker *Because there are platforms offering products in more than one product category, they are counted more than once. The total number of InsurTechs in the above chart is 118 11 and does not include technology solution providers. Technology Solution Providers Technology Solution Providers 15.5 15 15 15 14.5 14 13.5 No. providers of 13 13 12.5 12 Human Resources and Earned Benefits Data Solution Provider Infrastructure Solution Provider Solution Provider - Small, Mid, Large Businesses Type of Tech-Solution Providers * Of the 104 InsurTech platforms profiled in this landscape, 43 are considered by the Institute to be technology solution providers. 12 InsurTech Platforms ▪ Full-Stack insurers: Platforms that underwrite policies, assume the risk (or the risk is shared or held entirely by a (re)insurer), and, in most cases, manage the process from beginning to end. ▪ Agents: Platforms that act on behalf of a carrier, essentially acting as an extension of an incumbent carrier. The platform offers one or more products backed by a single insurance carrier that assumes the risk. ▪ Brokers: Platforms that provide customers with a variety of policies offered by both incumbent and insurgent InsurTech platforms. These platforms may or may not be paid commission based on the policies sold through their platform. The platform interface may require customers to scroll through various policies offered or automatically connect customers to a preferred policy through various algorithms employed on the back-end, based on a user’s response to a select set of questions. 13 Full Stack InsurTechs InsurTech Firm Page No. Acko 15 Bright Health 16 Clover 17 Coya 18 Lemonade 19 Metromile 20 OneTitle 21 Oscar Health 22 Root 23 SingaporeLife 24 States Title 25 ZhongAn Insurance 26 14 Timeline ▪ October 2018: Acko partners with DriveU to launch a product that provides coverage for car owners who hire drivers to drive them to various destinations. (The Economic Times, 2018) Separately, RPS Investment Fund, established by SoftBank Investment Advisers managing partner Kabir Misra, is reportedly in talks to invest up to $5 million in Acko. (Livemint, 2018) ▪ September 2018: Acko launches its first comprehensive insurance policy for cars and bikes with significant time and cost savings, including three day claim guarantee. The full launch comes six months after a soft Location: Mumbai, India launch in March. Founded: 2016 ▪ April 2018: Ola - India's leading and one of the world's largest ride-sharing companies - announces a partnership with Acko General Insurance to launch a comprehensive in-trip insurance program for customers Current CEO: Varun Dua across India. Through the mobile application, users can opt-in for in-trip insurance coverage when booking a ride. Description: The first insurance company with an online-only policy. The ▪ January 2018: Reports surface that Amazon is seeking to invest in Acko, with Amazon likely to co-create digital-only insurance company redefines insurance for its consumers by insurance products with Acko and distribute them through its website. (Insurance Times, 2018) providing them with killer prices, extreme convenience and stress-free claims. ▪ September 2017: Acko receives a license from India's Insurance Regulatory and Development Authority to operate as a General Insurer. Expected to start operations in December. Notable Information: ▪ November 2016: Acko files its General Insurance application with India’s Insurance Regulatory and Development Authority. (The Economic Times, 2017) ▪ Varun Dua was one of the co-founders of insurance comparison site Coverfox. “India has 17% of the world's population, however our life + non-life insurance premium accounts for less than 1.5% of the world's. ▪ Acko General Insurance is a subsidiary of Acko Technologies. Multiple issues exist in the current insurance lifecycle for customers including: ▪ Products: Auto insurance (car and bike), Ola insurance, mobile insurance 1. Largely paper based offline process right from buying to claims 2. Complexity of product with ambiguous terms and conditions ▪ With a general insurance license, the platform can independently design 3. Standard pricing (not factoring individual risk profiles) and offer products to customers. 4. Lack of new products / innovation” ▪ “We want to make insurance so straightforward that consumers don’t - Varun Dua (BusinessWorld, 2018) need to talk to multiple people to get advice or fill up forms. Consumers should be able to access low prices in one click based on their risk profile, and be confident that at a press of a button — their claim will get Round Date Amount (MM) Funders paid in the fastest possible time.” – Varun Dua (TechCrunch, 2017) Seed 2017 $30 Accel, SAIF Partners, and various angel investors 15 Series A 2018 $12 Amazon w/ ChrysCapital, Catamaran Ventures Timeline ▪ October 2018: Bright Health partners with Inovalon ONE Platform to enable better healthcare outcomes and economic performance for its Medicare Advantage and Commercial ACA membership across multiple states. Bright Health will also offer Individual and Family Plans and Medicare Advantage with Prescription Drug coverage in Tennessee after partnering with Baptist Memorial Health Care in Memphis, TriStar Health in Nashville, and The University of Tennessee Medical Center in Knoxville. Location: Minneapolis, MN (USA) ▪ September 2018: Bright Health announces plans to expand its Medicare Advantage product offerings with the addition of individual health plans in both Maricopa and Pima counties in 2019. The company announces Founded: 2015 collaborations with Arizona Care Network and Carondelet Health Network. Current CEO: Bob Sheehy ▪ August 2018: Bright Health will enter New York City Medicare Advantage market in 2019 in a partnership with Mount Sinai Health Partners.
Load more

Recommended publications
  • Enforcement Trends in Cryptocurrency
    Latham & Watkins Financial Institutions Group & White Collar December 9, 2015 | Number 1904 Defense & Investigations Practice Enforcement Trends in Cryptocurrency Cryptocurrency is on the rise...and so are enforcement actions. In less than a decade, cyptocurrencies have grown from a novelty reserved for those dealing in the illicit into a robust platform embraced by financial institutions and businesses alike. Wall Street and strategic investors have increasingly taken note, working to adapt their technology, streamline market trading and integrate cryptocurrency into everyday financial transactions. The rapid adoption of cryptocurrencies has also led to increased government enforcement activity. These actions evidence US regulators’ appetite to investigate fraud and other violations linked to cryptocurrency — often using traditional laws and regulations. Given this increased government scrutiny, financial institutions and traders should understand how regulators have policed the virtual world in the past in order to be prepared for the future. Government Enforcement Actions in the Cryptocurrency Space Unsurprisingly, government regulators, including the Securities and Exchange Commission (SEC), the Department of Justice (DOJ), the Commodities Futures Trading Commission (CFTC), the Federal Trade Commission (FTC) and the Financial Crimes Enforcement Network (FinCEN), have become increasingly active in policing the cryptocurrency space. The below enforcement actions provide a bird’s-eye view of how the enforcement framework for cryptocurrencies
    [Show full text]
  • Philadelphia Investment Trends Report
    Venture impact Technology investment in the Greater Philadelphia region Trends and highlights, January 2008 to June 2013 Innovation, investment and opportunity On behalf of EY, Ben Franklin Technology Partners of Southeastern Pennsylvania and the Greater Philadelphia Alliance for Capital and Technologies (PACT), we are pleased to present this review 421 companies of technology investment trends and highlights in the Greater Philadelphia region. $4.1 billion The technology investment community in the Greater Philadelphia region includes a wide variety of funding sources supporting a diverse array of companies and industry sectors. In this report, Total investment since we’ve analyzed more than a thousand investment rounds and January 2008 exits that occurred in the Philadelphia region since 2008 – including investments from venture capital fi rms (VCs), angel investors (Angels), corporate/strategic investors, seed funds, accelerators and other sources of funding. As shown in this report, 2012 reversed a post-recession slowdown in venture funding in Greater Philadelphia, and to date, 2013 has brought a welcome increase in the amount of new funds available at regional investment fi rms. These are positive signs for our region’s technology companies, as are the increasing number of exits via IPO and acquisition, which serve as further validation of the investment opportunities created by our region’s growing technology sector. We encourage you to explore this report, and we hope that it will provide useful insights into the current state of
    [Show full text]
  • Looking Somewhere in the Middle
    OUR FIRM LMM GROUP CLIENTS TRANSACTIONS NEWS & INTEL CONTACT IN THIS SECTION LOOKING SOMEWHERE IN THE Executive Perspective IT Index MIDDLE News Room Quarterly Earnings March 10, 2006 Scoreboard Spotlight by: Kelly Holman Tracker VDI Accel-KKR LLC didn't set out to specialize in middle-market private equity buyouts in the high-tech sector. Its founders, an Subscribe unusual combination of dealmakers, were focused in 2000 on the bright prospects of the Internet, just as many other investors and entrepreneurs were. But that vista quickly turned as dark as night when the dot-com bubble burst, and Accel-KKR suddenly needed to make a rapid course correction. It did. Today the Menlo Park, Calif.-based firm has made a name for itself acquiring small but fast-growing technology companies. Even as top-tier buyout groups lick their chops over the possibility of doing deals involving big software corporations, Accel- KKR keeps its attention on midmarket and small tech outfits with $15 million to $150 million in annual revenue: software developers, hardware makers, Internet firm and information technology services businesses. To be sure, it's hardly the only middle-market private equity group interested in technology businesses - a number of buyout groups, large and small, have made technology their core investment focus. But Accel-KKR's board and the background it represents set it apart. Members include financial engineering icons Henry Kravis and George Roberts of Kohlberg Kravis & Roberts & Co.; KKR partner Marc Lipschultz; veteran venture capitalist and Accel managing partner Jim Breyer; and former Wells Fargo & Co. chief executive Paul Hazen.
    [Show full text]
  • 2019 Was a Fantastic Year for Our Company, Thanks to the Hard Work of Our Talented Teams, Who Achieved Incredible Accomplishments and Milestones
    YEAR IN REVIEW 2019 was a fantastic year for our company, thanks to the hard work of our talented teams, who achieved incredible accomplishments and milestones. We are proud of all of our successes in 2019, and thrilled to share some of the highlights with you here. January Xfinity Internet: Comcast launches Xfinity xFi Advanced Security to protect WiFi-connected devices in the home Sky: Sky Ocean Rescue and World Wildlife Fund launch a renewed campaign to encourage people to reduce their plastic usage Xfinity Internet: Comcast announces partnership with Xfinity xFi Advanced Security monitors, blocks Intel to deliver faster speeds, more capacity and responsive and informs customers of online threats and networks for broadband customers provides seamless protection in the home. Fusion Arena, a first-of-its-kind venue, will serve as a premier destination for competitive gaming events, as well as a variety of live entertainment programming and experiences. February Corporate: Comcast NBCUniversal is named #3 on Fortune’s ‘Best Big Companies to Work For’ list Comcast Ventures: Comcast Ventures invests in Dandelion Energy, which offers modern, cost-effective geothermal heating and cooling systems to homeowners March Film: Universal’s Green Book wins Academy Award for Best Picture Xfinity: Comcast launches Xfinity Flex streaming platform for Xfinity Internet-only Sports: NBC Sports Group partners customers with Rory McIlroy to create GolfPass Digital Membership Experience Corporate: Comcast acquires BluVector, a developer of AI-powered cybersecurity
    [Show full text]
  • Infrastructure Sector-Focussed PE Firm Capasia Exits Philippines' Wind
    https://www.dealstreetasia.com/stories/thailand-bcpg-expands-wind-power-biz-philippines- acquisition-68586/ Infrastructure sector-focussed PE firm CapAsia exits Philippines’ wind power project Singapore-based private equity firm CapAsia has signed a sale and purchase agreement to sell its entire interest in CapAsia ASEAN Wind Holdings Cooperatief UA, owning the majority stake in wind power projects in the Philippines, to Thailand’s listed renewable energy firm BCPG Pcl. The deal’s value will not be exceeding $28.5 million, according to BCPG’s filing to the Stock Exchange of Thailand. BCPG’s president Bundit Sapianchai said that this investment is in line with its strategy to expand its renewable energy business in terms of technology and geography in order to increase corporate value and diversify risk. The filing cited the holding company holds a 40-per-cent equity in PetroWind Energy Inc, one of the major players in wind power business there. “CapAsia is very pleased with our successful partnership with Petrogreen Energy and confirms the sale and purchase terms and conditions of its 40% equity interest in Petrowind with BCPG,” Devarshi Das, Co-CEO of CapAsia, told DEALSTREETASIA via email. “We were able to work closely with our partner to drive improvements in operations, given our prior wind power investment experience as well as relationships with best-in-class technical and operations experts. Petrowind is now delivering strong and consistent operating performance and we believe it is positioned for continued success in the future.” PetroWind Energy currently owns an operating 36-MW wind power project and another development project of 14-MW wind power plant, located in Nabas, the Philippines.
    [Show full text]
  • Jim Breyer of Accel Partners Elected Chairman of National Venture Capital Association
    Page 1 1 of 1 DOCUMENT PR Newswire May 13, 2004 Thursday Jim Breyer of Accel Partners Elected Chairman Of National Venture Capital Association SECTION: FINANCIAL NEWS LENGTH: 694 words New Board Directors Also Named During Association's Annual Meeting SAN FRANCISCO, May 13 /PRNewswire/ -- The National Venture Capital Association's (NVCA) Board of Directors today unanimously elected James W. Breyer to serve as its Chairman for the coming year. The election took place at the Association's 2004 Annual Meeting in San Francisco, CA. Mr. Breyer is a managing partner at Accel Partners, a leading venture capital firm with offices in Palo Alto, CA and London, England. In his role as NVCA Chairman, Mr. Breyer will be responsible for setting the public policy agenda and overall strategic direction of the country's premier venture capital association. He joined the NVCA Board in 1999 and has served on the Capital Formation, Membership and Government Affairs committees. He also served as the 2002 NVCA Annual Meeting Chairman. Mr. Breyer succeeds Jeffrey Harris, Managing Director of Warburg Pincus, who completed his one- year term as NVCA Chairman. "Never before has the role of the NVCA been so important to the future of our asset class and the entrepreneurial spirit in the United States," Mr. Breyer commented. "I look forward to leading the Association in the coming year and making certain that venture capital investment continues to recognized as a key economic driver for our country. Our priorities include maintaining an industry focus on prudent, long-term investing, preserving the use of employee stock options for emerging growth companies, and actively engaging members in critical NVCA activities." Outgoing Chairman Jeffrey Harris reflected: During the past year the NVCA successfully advanced its public policy agenda while providing a high level of innovative services to its membership.
    [Show full text]
  • Corporate Venturing Report 2019
    Tilburg University 2019 Corporate Venturing Report Eckblad, Joshua; Gutmann, Tobias; Lindener, Christian Publication date: 2019 Document Version Publisher's PDF, also known as Version of record Link to publication in Tilburg University Research Portal Citation for published version (APA): Eckblad, J., Gutmann, T., & Lindener, C. (2019). 2019 Corporate Venturing Report. Corporate Venturing Research Group, TiSEM, Tilburg University. General rights Copyright and moral rights for the publications made accessible in the public portal are retained by the authors and/or other copyright owners and it is a condition of accessing publications that users recognise and abide by the legal requirements associated with these rights. • Users may download and print one copy of any publication from the public portal for the purpose of private study or research. • You may not further distribute the material or use it for any profit-making activity or commercial gain • You may freely distribute the URL identifying the publication in the public portal Take down policy If you believe that this document breaches copyright please contact us providing details, and we will remove access to the work immediately and investigate your claim. Download date: 24. sep. 2021 Corporate Venturing 2019 Report SUMMIT@RSM All Rights Reserved. Copyright © 2019. Created by Joshua Eckblad, Academic Researcher at TiSEM in The Netherlands. 2 TABLE OF CONTENTS LEAD AUTHORS 03 Forewords Joshua G. Eckblad 06 All Investors In External Startups [email protected] 21 Corporate VC Investors https://www.corporateventuringresearch.org/ 38 Accelerator Investors CentER PhD Candidate, Department of Management 43 2018 Global Startup Fundraising Survey (Our Results) Tilburg School of Economics and Management (TiSEM) Tilburg University, The Netherlands 56 2019 Global Startup Fundraising Survey (Please Distribute) Dr.
    [Show full text]
  • Creation and Resilience of Decentralized Brands: Bitcoin & The
    Creation and Resilience of Decentralized Brands: Bitcoin & the Blockchain Syeda Mariam Humayun A dissertation submitted to the Faculty of Graduate Studies in partial fulfillment of the requirements for the degree of Doctor of Philosophy Graduate Program in Administration Schulich School of Business York University Toronto, Ontario March 2019 © Syeda Mariam Humayun 2019 Abstract: This dissertation is based on a longitudinal ethnographic and netnographic study of the Bitcoin and broader Blockchain community. The data is drawn from 38 in-depth interviews and 200+ informal interviews, plus archival news media sources, netnography, and participant observation conducted in multiple cities: Toronto, Amsterdam, Berlin, Miami, New York, Prague, San Francisco, Cancun, Boston/Cambridge, and Tokyo. Participation at Bitcoin/Blockchain conferences included: Consensus Conference New York, North American Bitcoin Conference, Satoshi Roundtable Cancun, MIT Business of Blockchain, and Scaling Bitcoin Tokyo. The research fieldwork was conducted between 2014-2018. The dissertation is structured as three papers: - “Satoshi is Dead. Long Live Satoshi.” The Curious Case of Bitcoin: This paper focuses on the myth of anonymity and how by remaining anonymous, Satoshi Nakamoto, was able to leave his creation open to widespread adoption. - Tracing the United Nodes of Bitcoin: This paper examines the intersection of religiosity, technology, and money in the Bitcoin community. - Our Brand Is Crisis: Creation and Resilience of Decentralized Brands – Bitcoin & the Blockchain: Drawing on ecological resilience framework as a conceptual metaphor this paper maps how various stabilizing and destabilizing forces in the Bitcoin ecosystem helped in the evolution of a decentralized brand and promulgated more mainstreaming of the Bitcoin brand. ii Dedication: To my younger brother, Umer.
    [Show full text]
  • Myovant Sciences Ltd. 10K 2021 V1
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number 001-37929 Myovant Sciences Ltd. (Exact name of registrant as specified in its charter) Bermuda 98-1343578 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Suite 1, 3rd Floor 11-12 St. James’s Square London SW1Y 4LB United Kingdom Not Applicable (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: +44 (207) 400 3351 Securities registered pursuant to Section 12(b) of the Act: Title of each Class Trading Symbol Name of each exchange on which registered Common Shares, $0.000017727 par value per share MYOV New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Private Equity & Venture Capital
    VOLUME 14, ISSUE 6 ■ AUGUST 2018 PRIVATE EQUITY & VENTURE CAPITAL SPOTLIGHT THE RISE OF VENTURE AND IN THIS ISSUE GROWTH CAPITAL IN EUROPE €11bn in capital has already been secured by venture and growth capital funds focused on Europe that have closed this FEATURE 3 year; this is the highest figure seen at this stage in recent The Rise of Venture years. We put activity in the region under the microscope, examining the economic factors that have contributed to and Growth Capital in this. Europe Find out more on page 3 INDUSTRY NEWS 7 THE FACTS ■ Private Equity in the 9 PRIVATE EQUITY IN THE NORDIC Nordic Region REGION ■ Public Pension Funds 12 Investing in Private With the capital raised by managers based in the Nordic Equity region reaching record highs, we take a look at the growing private equity market in terms of fundraising activity, investor make-up and largest exits in the region. CONFERENCES 14 Find out more on page 9 RECENTLY RELEASED: THE 2018 PREQIN PRIVATE CAPITAL FUND TERMS THE 2018 PRIVATE CAPITAL All data in this newsletter ADVISOR can be downloaded to PREQIN FUND TERMS ADVISOR Excel for free Order Your Copy Download Sample Pages Sign up to Spotlight, our free monthly newsletter, providing insights into performance, investors, deals and fundraising, powered by Preqin data: Alt Credit Intelligence European and US Fund Services Awards: Best Data and Information Provider | Africa Global Funds Awards 2016: Best Research and Data Provider | The Queen’s SIGN UP Award for Enterprise: International Trade | HedgeWeek Global Awards:
    [Show full text]
  • Classpass Is a Monthly Membership That Grants Members Access to Thousands of Different Class at Studios and Gyms in 39 Cities Worldwide
    Backgrounder Overview: ClassPass is a monthly membership that grants members access to thousands of different class at studios and gyms in 39 cities worldwide. Memberships range depending on city and the number of classes preferred to take. ClassPass partners with over 8,500 fitness studios worldwide and offers options in boxing, martial arts, yoga, barre, pilates, spinning, HIIT training and much more. History: Founder of ClassPass, Payal Kadakia, found a way to channel her passion for dance into her work. As a graduate of MIT, Kadakia and her partner Mary Briggins began working on a startup called Classtivity which participated in a New York accelerator program TechStars. After participating, her original model transformed greatly. Classtivity went from a $49 monthly promotion to a $99 different pricing structure. Classtivity changed the name to ClassPass where they pitched a monthly gym-like membership for people who want a diverse exercise experience. By partnering with hundreds of studios, ClassPass offers its customers special prices at a variety of studios. Since its launch, ClassPass has had 30 million reservations made, partnered with 8,500 studios and branched to 39 cities. With a total of $84 million in seed money raised, ClassPass continues to move forward and expand. Headquarters: ClassPass headquarters are located in New York City, New York with additional offices in Sydney, San Francisco, and London. Founder & Management Team: Founder: Payal Kadakia Payal has been a dancer her entire life. In 2011, Payal’s passion for dance fueled her to start ClassPass. Before founding ClassPass, Payal graduated from MIT, worked as a consultant at Bain & Company and worked in the Strategy and Business Development department at Warner Music Group.
    [Show full text]
  • What Are the Costs and Benefits of Patent Systems?
    CENTRE FOR GOVERNANCE OF KNOWLEDGE AND DEVELOPMENT WORKING PAPER: OCTOBER 2008 What are the costs and benefits of patent systems? Hazel V J Moir This paper can be downloaded without charge from http://cgkd.anu.edu.au/menus/workingpapers.php Citation for non-commercial purposes is encouraged by the author Correspondence to: [email protected] Dr Hazel Moir Program Visitor Centre for Governance of Knowledge and Development Regulatory Institutions Network (RegNet) College of Asia and the Pacific The Australian National University Canberra ACT 0200 AUSTRALIA © Moir 2008 (citation for non-commercial purposes is encouraged) . What are the costs and benefits of patent systems?* Hazel V J Moir Program Visitor, Centre for Governance of Knowledge and Development Regulatory Institutions Network, College of Asia and the Pacific The Australian National University ABSTRACT There do not appear to be any cost-benefit assessments of the impact of patent systems, nor any data that can be used to directly assess the economic impact of patent systems. Discussions of patent policy therefore tend to be theoretical, and any evidence used is anecdotal rather than scientifically based. A wider search shows, however, that there is substantial empirical material on the costs and benefits of patent systems published in a very diverse range of journals and working papers. While these do not allow a full assessment of the economic impact of patent systems, they do provide useful evidence on many aspects of the impact of patent systems. This evidence is drawn together in this summary overview. The objective is to assist in a move towards an evidence-based discussion of patents as a central issue in innovation policy.
    [Show full text]