3 Things – Crypto Launch, McKinsey Report & AIG Earnings – 02/18/2022

Greetings Friends.  This week we are following the launch of a crypto wallet protection product, McKinsey’s global insurance report & AIG earnings.  Here are the three things we learned:


Launch of Crypto Wallet Protection

Boost, a go-to-market insurance platform, has partnered with Breach Insurance, to launch the first crypto wallet protection product for retail investors.  The offering is timely as anyone who watched the Super Bowl can see how retail crypto investing is becoming quite the rage for individuals.  Having a product that embeds into this trend could have legs and further prove the Boost platform who has been funded to provide an insurance-as-a-service platform.  More could be in store as they partner with others to create these types of products.


McKinsey Global Insurance Report 2022

We had a look through McKinsey’s annual Global Insurance Report.  The report features lots of interesting performance data and confirms other conclusions such as insurtech focusing on distribution, insurers can better leverage data and should be working on new business models for the digital age.  They certainly have resources to put together good research and seeing this information is a good reminder of the trends and priorities we should all have as an industry.


AIG Shows Insurance Strength

AIG reported Q4 and Full Year 2021 results this week.  They showed strength similar to other insurers in the general insurance area increasing premiums and lowering combined ratios.  In the life business, which they shed a 9.9% stake to Blackstone last year and will spin off the rest later this year, they increased the profits.  That should bode well for valuations as they look to divest and could help them continue these results by focusing on general insurance.

Thank you for following us, we appreciate your feedback and continued support.  Stay tuned for more info to come.  Until next week… stay safe, stay productive!