InsurTech has a relatively young, but quite a colorful history. There are already at least 80 hot InsurTech startups shaking up the trillion-dollar industry. The insurance industry is one of the most massive and complex ecosystems with large and powerful corporate players. In fact, it is the biggest industry in the US with net premiums of $1.1 trillion in 2014. Insurance carriers and related activities contributed $421.4 billion, or 2.5% of the United States’ gross domestic product in 2013.