Contact Us

2022 Fintech Trends at Money 20/20

By Rowley Douglas on Aug 7, 2022
2 min read
article image

Before we get too far away from October, we wanted to recap one of our favorite industry events: Money20/20, which took place October 23-26 in Las Vegas, Nevada.  As always, it was an awesome opportunity to connect with others in the fintech space. 11,500+ people from 3000+ companies attended Money 20/20 this year, including 7 from the Boost team, and the event featured keynote speakers like Serena Williams, Derek Jeter, and many other notable names. With so many industry leaders gathered in one place, Money 20/20 is a great place to get a read on upcoming trends in fintech– here are some that we noticed. 

1. Heavy payments platform representation.

Payments platform solutions were the most prevalent force at the event, in my opinion. There were a number of payment solution companies with big booth spaces who were making a great effort to stand out in the sea of competitors. If their goal was to leave an impression, they succeeded. Indeed, my inbox was filled to the brim with payments platforms trying to secure meetings with me. 

2. Diminished crypto presence. 

Last year's event had a visibly strong presence from Crypto but this year that felt muted. No doubt the market has had a strong say in that, although Fireblocks still showed a strong presence and have clearly cemented themselves as the critical infrastructure in Crypto, whether the market is up or down. 

3. Strong interest in Boost and white-labeled embedded insurance solutions. 

Between the 7 Boost team members attending, we had 100+ meetings, many with companies that were thrilled and intrigued to be meeting with one of the only insurtechs at the conference. Boost stood out positively as one of the few insurtechs companies that could offer such a breadth of high-quality products, particularly to SMB clients. Even more importantly, people were impressed by our embedded white-labeled solutions and ability to build and launch new products through our API. 

 

Hats off to the organizers for putting on a large and engaging show across 2+ days. It was a pleasure to sponsor Money 20/20 this year, and Boost will continue to evaluate our partnership with this event and strategize how best to make the most of our presence.

If you did not get a chance to connect with us at Money2020, don’t worry– the Boost team will be attending more events before the end of the year. Follow us on LinkedIn or Twitter to stay up to date or drop us a line. We would be happy to meet with you to talk more about how embedded insurance can help your business drive customer value.

Previous articles
preview image
Employee Spotlight: Patrick Simpelo, Software Engineer
Welcome to the Boost Employee Spotlight! Each month, we feature a different member of the Boost team and their story. This month, meet Patrick Simpelo, Software Engineer. As a backend engineer, I work with my team to implement new features within our platform and revamp existing features. Insurance can be complex, so engineering new and existing products can be challenging, but we engineers make a collaborative effort. We even work with the actuary team to make sure numbers line up correctly. Mathemagical! The tasks that make up my week are (in no particular order or frequency): Programming. Code reviewing. Tending to partner questions. Chatting with teammates. Running interviews. Attending meetings/hangouts. Sending gifs. Receiving gifs. Reacting with emojis. Those who know me won’t be surprised when I say that a big highlight was Boost’s last company party. Of course, being a part of launching new products is great, but the celebration that comes after is the icing on the cheesecake, the hot fudge on the ice cream, and the olive in the martini! Besides the ping pong games, caricatures, foods, drinks, and rooftop views, what made this party so great was all the different kinds of social interactions. Everyone was on a good vibe and happy to celebrate all the hard work we pulled off in the past year(s). Being able to see remote colleagues in person again (or for the first time) was awesome, catching up with people from other departments was sweet, and meeting new people who I wouldn’t normally get to interact with on a personal level was fun. Can’t wait for the next one! The Boost platform has grown quite a bit over the years as we built new products, implemented new features, and brought on new partners. In the early days of development, there were different requirements and the platform was much less complex. Now, I’m excited to work with the “early days” code to add enhancements and even refactor things! Hopefully, the upgrades we make will allow us to build new features and products seamlessly. If you are a software engineer looking to make a career change–if you’re looking for an industry where you can innovate and make a meaningful contribution–insurance packs a bigger punch than you’d think. It’s one thing to build a brand new idea from scratch, like an app that’ll notify you when someone takes the last La Croix from the fridge, or even a robot that can play fetch with the office dogs. But it’s another thing to usher an archaic practice (ahem.. insurance) into the new modern age of technology.  Don’t like a whole packet of insurance documents stuffed in your mailbox just to get a quote? Don’t like being put on hold just for a salesperson to pick up and persuade you to add a coverage to your policy? Well, hello there. We are Boost. We built something pretty sweet.  If you enjoyed reading about Patrick’s experience and are interested in working at Boost, let us know! We are hiring and would love to hear from you. Check out our open roles and find out why Built In named Boost one of New York City's best places to work.
Continue Reading
preview image
Introducing The New Boost Brand
Nov 9, 2022
It’s an exciting day for Boost: today we’re officially launching our new brand identity, and a shiny new website to go along with it. When we started Boost in 2017, we had one big goal: to drive innovation in the insurance industry. The insurance market is highly regulated, inefficient, technologically underdeveloped and traditionally dominated by a handful of large players, who haven’t had much incentive to change with the times. This added up to an environment that made it very difficult for new players to get modern ideas to get off the ground - which is why buying insurance was still a painful, largely offline process, with often-outdated products.  We built Boost to change that. Our mission is to make the insurance industry accessible to innovators by providing the compliance, capital, and technology infrastructure they need to offer modern protection to their customers. We wanted to make it easier for new players to get to market, and to make insurance work better for everyone - the people buying it, and the people offering it. Five years later, it’s been a wild ride. We’ve built an API-based platform that enables any company to offer branded, digital insurance through their website or app, powered by one of the most advanced policy administration systems in the industry. We’ve launched a suite of first-of-their-kind insurance products like parental leave insurance, crypto wallet insurance, and management liability insurance designed for startups, as well as launching improved, more customer-centric versions of established products like business owners insurance for small businesses, cyber insurance and pet health insurance. Since Boost’s inception, we’ve powered more than 40 insurance innovators as they’ve improved the insurance buying process. I couldn’t be more proud of what we’ve accomplished. But we’re nowhere close to finished. Boost’s overall vision for the insurance industry is much bigger than where we are today: we’re building the insurance market for the modern world. Our vision is to democratize the industry through technology and innovation so everyone can have access to the protection they need, when they need it. To tackle that vision, we’ve grown a lot as a company - and it’s time for our brand to grow, too.  The updated Boost brand better reflects who we are now: a bold, modern, tech-forward leader in the insurance space. It allows us to tell our story in a way that’s easier to understand, and gives us room to scale as we continue moving forward. The central element in our new brand identity is one you’ll hear us talk about often - the idea of the platform. Boost delivers more than just robust tech infrastructure, white-labeled insurance products or access to risk capital through our managed reinsurance facility (though we have those too). With Boost, you get an end-to-end platform comprising every layer of the embedded insurance value chain, all in one turnkey solution. The platform is what gives our customers the tools to scale their insurance programs and build long-term, profitable lines of business, and that’s why we made it the cornerstone of our brand. Alongside our new brand identity, we’re also excited to unveil the all-new Boost website. Our new online home isn’t just prettier to look at - it’s also packed with more information about what we offer, and more ways to connect with us.  Boost has come a long way since the beginning, and I look forward to the next steps we take on our journey. Much more to come!
Continue Reading
preview image
Get the Guide: How to Build an Insurance Program
Jul 26, 2022
Insurtechs have a big opportunity in the insurance market: after decades of difficult offline processes and outdated products, customers are more than ready for innovative new players in insurance.  Getting started, however, can be a challenge. While the rewards of success are high, so are the barriers to entry. We wrote this guide to help. How to Build an Insurance Program: A Guide for Insurtechs is free to download, and covers everything you need to know about building an insurance program from scratch: To legally sell and support an insurance product, you’ll first need to assemble the necessary infrastructure.  Learn the individual pieces required to launch an insurance program, and why each is critical to success. Building a new insurance program from scratch is a long, complex process. Get a step-by-step breakdown from concept to launch, including how to assemble the necessary regulatory, capital, technological and operational components. Building an insurance program in-house isn’t the only path to launching or expanding an insurance offering. Learn the other options for bringing an offering to market, that can be completed more quickly than building an entirely new insurance program. Every business is different, and the right GTM option for one company may not be right for another. Learn what questions to ask, and what issues to think through, as you decide the right path for your business. Download the Guide
Continue Reading