Definitions by CMDC
insurtech
Insurtech refers to the use of technology innovations designed to squeeze out savings and efficiency from the current insurance industry model. Insurtech is a portmanteau of “insurance” and “technology” that was inspired by the term fintech.
ShareCover is part of the first generation of insurtech solutions
neobank
A NeoBank is a new type of digital bank that exists without any branches. Neo Banks are reinventing the practices and processes associated with traditional banking.