We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. It’s possible that it’s going to throw a wrench into globalization, and that [global trade] will either skew sideways or slow down. Addressing Cyber Security Insurance as a product category. ... to boost investment. Are there industries that don’t exist today that you think might emerge from this? Digital First (Selling and Servicing) Move away from the brick-and-mortar model of selling insurance … Law and the legal world typically move very slowly and conservatively. We start from there. Image: REUTERS/Aly Song 18 Jan 2021 ... while continuing to invest in the attractive opportunities across the US and Europe will be key in … It just closed its doors. Whenever customer friction intersects with untapped profit potential, disruption is bound to occur. The Hustle recently spoke to a number of prominent futurists, focusing on how COVID-19 might impact various sectors in the short- and long-term. I’d think about a business that helps people in contingent labor. Investment Opportunities Are Emerging From an investment standpoint, optimism for the second half of 2021 should be counterbalanced with caution over acute near-term risks, in our view. This website uses cookies to improve your experience while you navigate through the website. The US and China are economically intertwined with each other. It’s all good — just take their coffee quiz to find your perfect blend, then they’ll set up your subscription for you. People might say, “Well yes, isn’t that already what was happening?” And the answer is, not entirely. With virtual and digital replacing physical interactions whenever possible, we will see an increased adoption in technology and virtual conferencing software. Please try again! (Photo: Jamie Metzl / Illustration: The Hustle). You also have the option to opt-out of these cookies. Then, we have these 4 different time horizons that we define right at the beginning of every project: Tactics, strategy, vision, and systems-level evolution. It’s noteworthy, that large technology companies, global digital giants such as Amazon, Google, Alibaba, and Tencent have all entered the InsurTech fray, creating global disruption. Lowest levels of insurance penetration at 3.69 percent. I think governments that were already under pressure — if you want to consider that a version of business — is a place to be interested in. Where do you think the unseen opportunities are, post-COVID-19? Then, I’d figure out what the next-order implications of that risk are. We use a framework called a time cone, which accounts for uncertainty over longer periods. The Hustle is proud to deliver original longform journalism to your inbox every Sunday. The way we see it, your mornings just got a whole lot better. The U.S. exchange-traded fund (ETF) industry continued to grow in 2020, reaching $5 trillion, according to a new research report published by Cerulli Associates. Small ticket insurance – Incumbent insurers have caught on fast with this trend, but. But the further out into the future you go, the less data — and certainty — you’ll have. Invest in data privacy for customers, employees, and the business. So, that could really shut things down and ripple out in all kinds of industries — tourism, air travel, shipping, supply chains, production. You can get 30% off your first shipment with code NEWSUB30 plus free shipping on orders of $29 or more. But that doesn’t mean you can’t make certain decisions. It’s hard to make and takes a lot of media assets. ET (Photo: Amy Zalman / Illustration: The Hustle). Necessary cookies are absolutely essential for the website to function properly. Interested? If you were an entrepreneur starting a business now, what would it be? In 1994, Jeff Bezos discovered a shocking stat: Internet usage grew 2,300% per year. The battle for technological supremacy between the U.S. and China will likely intensify in … With the challenges small businesses are facing, there’s an undercurrent of wanting, or needing, to be local. Jamie Metzl is a technology and healthcare futurist, a faculty member at Singularity University, and the founder of OneShared.World, an organization working toward global unity. One answer: futurists — professionals in a variety of fields who, through rigorous analysis and research, make projections about what the world might look like someday. Here are five opportunities for Incumbents and Disruptors in the post-COVID world to lower the barriers of friction, knowledge, and pricing, for customers to participate in this value chain to protect themselves, their family, business, homes, and other valuable assets. Immersive content for VR — or XR, or MR, or whatever you want to call it — is still pretty thin on the ground. Even better? I’m very interested in the way in which this will give a boost to localism. And they’ve just been shoved into a world that they weren’t ready for. If you don’t serve concessions and people have to sit 6 feet apart, the business model doesn’t work out. 401(k) record keepers bullish on post-COVID opportunities Industry consolidation, financial wellness, data and new ways to work in the pandemic … What I do is management consulting and strategic analysis. So anything from, say, a tool that could help people in the gig economy find resources and jobs, to something that helps people manage the gig economy. What’s one COVID-related change that you think nobody sees coming at this point but might be inevitable in the long term? But who can help us better understand the possible future implications of this crisis? Rethink Human Capital Strategies: Upskilling sales and agents is key to ensuring customers do not opt for competitors who have highly qualified staff to address queries and concerns emerging from the lack of face-to-face interaction involved in the. The full interviews — along with other supplemental material highlighting how to position yourself in a time of crisis — are available on Trends.co, our premium-subscription service. We asked some prominent voices in the space for some words of wisdom. Covid-19 has accelerated the adoption of technology in business operations. Although the IMF has forecast 5.5% global growth this year, several obstacles could stall the post-pandemic recovery. And based on that same modeling, where is there acceleration? Three takeaways. ... Coinbase is about to have a huge $100B+ public listing. The virtualization that we’re seeing is not going to snap back, so there’s going to be a lot of excess capacity. MIT picks tech to keep an eye on, including data trusts, green hydrogen, and multiskilled AI. But as expert forward thinkers, they offer a unique perspective on navigating uncertainty. The answer to that is global communications. Here are a few thoughts on important areas for new and sustained investment. There are parts of the country that are not at 2G yet. A quick search online, a few clicks on your favourite digital wallet app and you are all set to face the novel virus just with a few hundred rupees. He could’ve paid off... Trapital’s Dan Runcie breaks down the strategic angle behind Square’s acquisition of Tidal. Jeff Spiegel Feb 25, 2021. The catastrophic impact of the ongoing Covid-19 pandemic is nothing like the world has ever seen before. Namely, Positioning for the post-COVID consumer recovery in global equities. They are significantly less expensive to produce. The intersection of AI and biology — specifically, virology and synthetic biology — is a big one. This has lead to the emergence of a new category of fintech called InsurTech. This need is served by micro-insurer startups marking the emergence of an interesting new trend disrupting the traditional model by making insurance available to all and for various micro categories, easier, cheaper and faster. International stocks post-Covid. We have a terrible digital divide in the country, and COVID-19 has really revealed it. MIT Tech Review’s latest futuristic mixtape: 10 breakthroughs of 2021, Indie.vc shut down, but its vision for venture capital lives on, Why NFTs are suddenly selling for millions of dollars, WhatNot: Livestream shopping is coming to a smartphone screen near you, Square spends $297m for a majority stake in Jay-Z owned streaming service, Tidal. Most attention has been focused on the hardware. Coinbase’s $100B+ public debut, explained, Beam raises $80m to disrupt dental insurance, Microsoft gets Mesh-y with the future of mixed reality, Sorry, parents, ‘influencer’ is a real job, The rise and demise of Subway’s $5 footlong promotion, The crazy market for the world’s most expensive pet fish, How one woman changed the safety standards of the entire car industry, He was facing life in prison. Amid the Covid-19 Crisis, Single-Family Homes May Be the Smart Investment Buyers and renters are seeking more square footage, privacy, and autonomy in the wake of the coronavirus pandemic I think that virtual reality will get a boost from online platforms. That’s a huge field that has barely been tapped into. Spending in China is expected to grow at 20% in the cyber space, allowing technological disruptors to continue to flourish and providing potential for the sector to match up to that of its biggest rival, the US. New players have been able to instantly stand-up all insurance-related processes to provide a digital experience to consumers. ... New platforms and regulations are pushing the influencer economy to new heights. There is a building Cold War between the US and China. People can use all of these technologies to do good things that help people and bad things that hurt people. Taking a leaf from their book, creating a digital-first, mobile-only experience is key to winning new users. This work would not be possible without the support of our sponsor, The crisis could accelerate the intersection of. (Photo: Bryan Alexander / Illustration: The Hustle). In the very near term (today), you’ll have the most data and certainty you’ll ever have. The COVID-19 pandemic delivered unprecedented challenges to restaurants—but also some silver linings. Things like Supreme Court hearing arguments by telephone, hearings being held via Zoom, the recognition that you may not need to have notaries and signatures, and can actually move documents much more quickly along the line. Tech Wars. Business Davos: Post-COVID recovery not baked in. She is a professor of strategic foresight at Georgetown University and the CEO of the foresight consultancy Prescient. ... allowing a new concept to recapture real estate and plant a new flag with a significantly lower investment of capital compared to a vacant commercial box. economics Why this strategist sees long-term investment opportunities post-Covid 19 chaos Markets might be gaining momentum, but the unpredictability of the Covid-19 outbreak will continue to weigh heavily investor sentiment. After the global financial crisis, global M&A activity accelerated, … Just as an example, it’s highly unlikely that anybody is going to go back to a movie theater and have a great experience any time soon. So, if you like what you’re reading, give the email a try. So I certainly think that we will always need commercial real estate. That, to me, is where the opportunity lies. 251 Kearny St. Ste 300, San Francisco CA 94108, United States • 415.506.7210. Here are six opportunities brands can pursue in a post-pandemic environment. But these technologies don’t come with their own built-in value system. Opportunity generally is somewhere at the intersection of where nobody else is looking and change. The truth is less sexy: This is a time of near-universal uncertainty. If theaters open, how should they facilitate people watching a movie? That could boost technologies that give us the ability to produce things locally, like 3D printing. If you don’t like it, unsubscribe any time. But the government can’t bail out all of the industries for 4 years. Robotic Process Automation (RPA) for the automation of business activities and processes. We’re realizing that life is serious business. Look, you came to this site because you saw something cool. Experts discuss opportunities post-Covid Stress need for encouraging overseas Pakistanis to invest in country A man wearing a protective mask walks through a crowd of people along a makeshift market as the outbreak of the coronavirus disease (Covid-19) continues, in Karachi, Pakistan January 17, 2021. If I were an entrepreneur, I’d relaunch a modern drive-in theater that takes advantage of digital tools and services and meets the needs of consumers today. [Another] space I’m interested in is the legal industry. Privacy policy. Centralization of retail and food distribution. That applies to broadband connectivity. You can make a prediction if you have a discrete data set; otherwise, you’re just speculating. For example, AI is being applied to speed up scientific discovery. ... (“ESG”) investment strategy limits the types and number of investment opportunities available to the fund and, as a result, the fund may underperform other funds that do not have an ESG focus. Here’s the S-1 breakdown. This will involve rapidly validating models, creating new data sets, and enhancing modeling techniques. But nevertheless, people are increasingly exchanging items in ways that are not cash-based. Focus and prioritise safety, security and, convenience in payment methods to appeal to all consumers in buying insurance, paying premiums, receiving settlements, etc. A futurist is somebody who confronts and reduces deep uncertainty, using (in my case) data and modeling. If people are afraid of cash as an object that might transmit germs, cryptocurrencies could [see a boost]. There are long-term opportunities within this space in the form of the cloud, artificial intelligence, automation, and cyber security. If we get to the point where we can just sit down and print out toys, tools, models, and pieces of instruments that we’d normally have shipped to the US across the Pacific, that could slow globalization down in some very interesting ways. It’s happening with 5G. India stands at the second position, globally, given PE/VC investments in InsurTech (cecond only to the US). Morgan Stanley does bring some cred to this exercise. That’s huge. What I would do if I were an entrepreneur right now is look for areas of distress — people or businesses that need something, or places where there is existential risk. The greatest challenge of this moment isn’t just to defeat the pandemic. ... Jesse Schwarz could’ve bought a Lamborghini. Healthy buildings. Long-term thinking is especially challenging during times of uncertainty — but futurists are especially good at it. Using technology to aid fraud detection at the point of underwriting, assessing risk, and weeding out gamers from the ecosystem. He could’ve placed a winning bid on Jimi Hendrix’s guitar. Which industries do you think this crisis will affect the most in the long term? We also use third-party cookies that help us analyze and understand how you use this website. India must spruce up domestic business environment to take advantage . A newfound need to be clean. That is going to filter through all of the entities that are connected to commercial real estate — the mortgage lenders and everybody else — and the problem that we face is that when we have a single industry that hits a rough patch, the government can bail them out. I would also look into anything involving climate change. We need frivolity. Now that Musk and Bezos are leading the way, the US government is really just going to be a consumer moving forward. Overuse 3V’s: voice, video and vernacular to over-communicate why insurance is a priority for everyone in the post-COVID era, and how to stay invested in the long term. As the outbreak spread across the world, … A few takeaways: In this post, we’ve published excerpts from 4 of these interviews, lightly edited for clarity and length. Apple is already trying to yank something like 20% of its production out of China. Bryan Alexander is a futurist, author, and researcher focused on how technology transforms education. She is also the founder of Future Today Institute, a foresight and strategy firm. First, I think the whole production side of VR is about to really take off. Rapid growth in China post-COVID makes it ripe for investment. ... Indie was a venture capital firm focused on profitability before scale. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. What industries exist today that you think are going to no longer exist 10 years from now? Every single bag of Peet’s beans is roasted-to-order on-site in sunny California, ground to your preference, and shipped to you — all on the same day. It could be anything from businesses that are based on helping modernize the electrical grid, to alternative energy, to educational resources around the Anthropocene, to social entrepreneurship about trying to organize people’s activity. Phew, easy isn’t it? Quoting from a recent piece by Rahul Mathur, Startup Lead at Accenture FinTech Innovation Lab, who writes on this sector, there are three emerging InsurTech “trends” in India —. Get 30% off your Peet’s subscription here. Climate Change Is the Biggest Investment Opportunity Post-Covid, the CEO of RockCreek Says The Indian insurance sector is at the cusp of exponential growth. There are two types of coffee in the world: The fresh-roasted beans that whisk you away on a magic carpet to caffeinated heaven, and the stale, old stuff that tastes like a hot cup of bean dirt. Entertainment — especially studios and production — is in a bad spot. ... © 2021, Hustle Con Media, Inc., All Rights Reserved. Novel distribution mechanisms – Bancassurance 2.0, digital channels etc; Reaching the un(der)insured with the right products and fit, Emerging solutions for new markets and new customers (bite-sized insurance, pay-as-you-use, bundling insurance with Use Cases), Usage or behaviour-based personalised insurance (one size fits all strategy will not work for the new segment of users, customisation is key). Opinion: This hidden COVID-19 investment theme is ‘one of the best buying opportunities I have ever seen’ Published: July 11, 2020 at 12:32 p.m. The World Health Organization says that cash is not a “good” carrier of coronavirus, so we shouldn’t be afraid of it. By clicking “Accept”, you consent to the use of ALL the cookies. Now, he’s the CEO of the ‘Instagram for the Incarcerated.’, This edition of The Hustle was brought to you by. Customers aren’t, however, looking for life insurance but searching for incident-specific protection – like missing a flight, taking a cab ride on a cab aggregator platform or a hotel stay during a low-cost holiday. This zealousness of the investor community in India’s fast-emerging disruptor of the large insurance companies (standing at 24 life insurers, 34 general insurers) is reflected in the $183 million that flowed into the ecosystem in 2019. You specialize in thinking about the future of education. Some have partnered with large digital giants to scale distribution and use case coverage to innovate on new product categories. The pandemic is also likely to raise the awareness of commercial … We have 6.5B literate humans, connected with these incredible networks where many people have access to all the knowledge in the world to collaborate with each other. But there are some really big problems and we need to come together to address them in the spirit of our humanity. It is mandatory to procure user consent prior to running these cookies on your website. Increase in organization complexity. There’s also an opportunity in figuring out how to make digital infrastructure work. I also wonder how attitudes toward cash might change. BNN Bloomberg speaks with Talley Leger, investment … This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information. https://thehustle.co/opportunities-in-the-post-covid-19-world Starburst hosted a U.S. DoD Virtual Round-Table on May 7 th titled ‘DoD Not Slowing Down: Opportunities for Startups Post COVID-19’.. Whole categories will be redefined in new terms. This site is actually a daily email that covers the important news in business, tech, and culture. Reinvent this area use of data, analytics, and Machine Learning. A post-Covid business opportunity; A post-Covid business opportunity The coronavirus pandemic has influenced foreign firms to shift operations out of China. Today’s email was brought to you by Zachary Crockett, Brad Wolverton, Nick DeSantis, Julia Janks, Ethan Brooks, Michael Waters, and Bobby Durben. While delivery is going to be an increasingly important … Our pick? And it’s … That’s one of the biggest misconceptions of what a futurist does. My job is not to make predictions. I also certainly hope that this whole industry of people getting famous by taking pictures of lasagna and posting it on social media goes away. Amy Webb is a quantitative futurist, author, and professor of strategic foresight at the NYU Stern School of Business. Global . No one likes shopping in a dirty store, but the coronavirus pandemic … Option 1, which is exactly why we drink Peet’s. You can either pick your mix o’ beans, or let Peet’s curate your coffee for you with one of their specially designed series to tickle your taste buds: Not sure what your style is? Society, culture, and business are in a state of flux. I think you’ll see a lot more people competing in that space, taking advantage of everything from asteroid and lunar mining to tourism. It’s to define the values that will guide us through this and everything else. Appealing to the digitally-savvy Indian consumer is easier than ever as more Indians take to the internet and offer the largest opportunity globally (apart from the US) for venture capitalists to target Indian customers. Amy Zalman is a global futurist who helps leaders and organizations prepare for transformative change. Here are five opportunities for incumbents and disruptors in insurtech post-COVID-19 to lower barriers of friction for customers to protect themselves. There is an opportunity for tourism to revive itself in a local sense. Figure out how to mitigate that risk and solve a future problem today. ... Smith tells us the story behind her hit true crime podcast (Small Town Dicks), the difference between TV and podcasting and her favorite show. With the emergence of blockchain, AI, and other technologies, integrate them into now to reap the dividends later. There are distressed drive-in theaters all over the country. But that’s just a very obvious industry that’s going to suffer. We’re going to see consolidation across a lot of industries. This fintech startup lets you watch what you want with subscription-sharing, Zerodha posts Rs 442.4 Cr FY20 profit with increase in users, higher trading volumes, This edtech startup aims to help you ace your CA exams, Karnataka government to revise startup policy, Flipkart launches Motorola 4K Android TV Stick: Here's all you need to know, EU-India Innovation Centre for collaboration among India and EU startups launches operations, Shruti Panjabi’s popsicle bars are a recipe for success, Future of Work: The secret sauce of Urban Company's success is ‘simple’, shares co-founder Raghav Chandra, Starting a cosmetic dermatology venture, this doctor is tapping into the opportunities in health and wellness sector, The second-largest population in the world (second only to China which is closed to outside investments), The second-largest smartphone population in the world, Roughly 600 million monthly active customers accessing the world wide web. Well, certainly commercial real estate is going to take a big hit in most places. Creative thinking around hybrid opportunities for meeting, and anything that starts with “tele” — telemedicine and the like. We have these unbelievably powerful tools that are a result of this superconvergence of all of our technologies. Sharper Underwriting to bring more people into insurance covers. To better answer this, let’s look at the following three sectors that can easily expect to survive and even thrive as African markets continue to navigate and prepare for a post-COVID-19 world.. Information Technology (Not Simply Fintech) What should entrepreneurs be focusing on right now to make the world a better place in the coming months/years? What’s one innovation that will become more important post-COVID-19? Macroeconomic Growth Opportunities in Post-COVID-19 ASEAN covers the positive and negative impacts of the pandemic on the economy of 4 countries-Singapore, Malaysia, Thailand, and … With all of us restricted to our homes, huge stress triggers about our health form the backdrop of the coronavirus pandemic. The webinar featured Bell Asset’s chief investment officer Ned Bell and senior global equities analyst Nicole Mardell. Nobody can authoritatively declare what the coming years, months, or even days have in store. A lot of the big tech companies are already investing heavily in healthcare and biomedical tools. The second thing is that I think we’ll see a major push forward in the private space industry. These cookies will be stored in your browser only with your consent. But opting out of some of these cookies may affect your browsing experience. Based on the data and trends you’ve analyzed, and in light of COVID-19, which industries might struggle in the coming years? Nikhil Kamath of Zerodha on everything you need to know about investing and trading during COVID-19, Why Kunal Shah believes you shouldn’t envy others’ money but their skills instead, Coronavirus: Adapting business during COVID-19 pandemic, Search for what you want, categories, tags, keywords, authors, events, anything under YourStory, Hostel startup Zostel claims victory in 3-year battle, but OYO denies claim, Netflix, Prime Video, or HotStar? (Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of YourStory.). Embracing digital transformation forged by quick decisions and investment into the business is the key to future growth and sustenance. Courts and law might be pushed into innovations that they really were not ready to consider. That’s the kind of thing where you’re able to make a future market. If you’re a movie theater chain and allow people to sit next to each other without signing waivers and someone gets sick, you’re going to get sued. Many of us have turned to the opinions of virologists, PhDs, and analysts to explain the challenges we face in the present. He is currently a senior scholar at Georgetown University. Hospitality and airlines are particularly problematic. In the post-COVID world, where contact-free becomes the new mantra, face-to-face meetings and operational processes requiring high touch methods are bound to get obsolete. The reason for that is liability. These shows require bringing people together in close spaces. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. “With the market broadly pricing a post-COVID-19 rebound, we look for the alpha opportunities where COVID-related benefits and damage appear mispriced,” the firm’s researchers wrote in a report. But the technology that is really bringing us together is this raft of communication technologies that allow us to collaborate in ways that defy geographies. Last spring, it correctly predicted a big turnaround from the pandemic plunge. How many times do you find yourself worrying anxiously about the what-if scenarios, only to search online for COVID-19 insurance? Robo Advisory to help users pick the right insurance products. That will accelerate during the virus, in part because regulatory changes will drive things like home-based diagnostics. But there is room for more educational content on these platforms and tools for using it. I can tell you based on data and analysis which industries will have trouble moving forward. I believe that infrastructure investment from both the public and the private sector, on the basis of careful analysis, has to be an important part of any post-COVID-19 economic recovery strategy. Any enterprise that could help address that would be really brilliant. Without the unscripted shows, the financial models for some of our entertainment companies won’t make sense in the near term. In the same way that many risk and financial models had to be rebuilt after the 2008 financial crisis, the use of data and analytics will need to be recalibrated to reflect the post-COVID-19 reality. The current US business model for entertainment is predicated on live, unscripted entertainment [i.e., reality shows]. There are fewer inputs. → You can read our full series of futurist Q+As on Trends.co by signing up for a $1 trial here. Policybazaar and Bankbazaar have become the go-to destinations for aggregated experiences across search, discovery, and comparison. So, commercial real estate and lasagna on social media. Move away from the brick-and-mortar model of selling insurance covers, servicing clients. But again, this is based on what evidence-based modeling tells us — not just what’s been heard or read. Yeardley Smith has voiced Lisa Simpson for 32 years. And this is an ideal time for increased federal spending on infrastructure—indeed, … We’ll also see more investment in supercomputers. We talk about artificial intelligence changing everything, and maybe someday it will. Create a social revolution: Moving education online and educating users digitally. China was first in and first out of the COVID-19 pandemic. Online payments are observed even in hinterland even though India is a cash-based economy. Data breaches cost the business; brand risk is only a small casualty when compared to the cost of acquiring servicing a customer over the lifetime of the product. The politics of both nations are strongly nationalistic and that can turn towards protectionism pretty easily.
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