What is RegTech?
What is RegTech?
The term RegTech was first coined by the UK’s Financial Conduct Authority(FCA) in 2015 who called it: “A subset of fintech that focuses on technologies that may facilitate the delivery of regulatory requirements more efficiently and effectively than existing capabilities.” In simple terms it refers to any technology … Mar 3, 2022
How do insurtech companies make money?
Most insurance companies generate revenue in two ways: Charging premiums in exchange for insurance coverage, then reinvesting those premiums into other interest-generating assets. Like all private businesses, insurance companies try to market effectively and minimize administrative costs.
Who is Lemonade insurance owned by?
Daniel Schreiber is the CEO & Co-Founder of Lemonade (NYSE: LMND), a newly licensed insurance company, starting with homeowners and renters in New York.
