It’s official! We are one of the 50 most innovative early-stage insurtech startups across Europe.

Here at By Bits, we have been delighted to have been awarded 49th place in the Insurtech Insights Future 50 Europe ranking of early stage insurtech startups. This is a prestigious award, choosing between thousands of startups across Europe that have been thoroughly researched over many months to arrive at a shortlist of the top 300 fledgling insurtechs .

The process started with thorough research into Europe’s insurtech startups by Insurtech Insights and their partners Sonr Global, to create a list of the 300 most notable early-stage insurtech businesses, which was then judged by a panel of 21 industry experts.

The list of contenders demonstrates the scale of innovation that is happening within the industry at the moment and the speed at which this is happening is breath taking. It emphasises the need for urgent change by insurers in order to keep up with this transformation. We want to help insurance businesses and particularly motor insurers, to adapt quickly, cost effectively and with as little pain as possible so that they can continue to be successful in this rapidly evolving market.

We understand that there can be many obstacles in the way of innovation; the state of your existing tech stack, the costs, the time to develop and integrate new technology, but with our usage-based platform we can overcome these issues and deliver a highly flexible, cost efficient solution that opens up new options for meeting customer demands while improving the bottom line.

This award is a great recognition of the hard work and dedication of our team and partners, whom we would like to thank for their support over what has been a wonderfully exciting time.

For more information about who featured in the rankings, take a look at the full list here and if you’d like to know more about the forces currently shaking the insurance industry, take a look at our article on innovation in the global insurance industry.

If you’d like to know more about how By Bits can help your insurance organisation transform its business strategy, then get in touch for an initial discussion and to book a demonstration of our new usage-based insurance platform.

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