26 This is very welcome. PwC’s 21st CEO Survey 2018 warned insurance industry 1 in 5 CEOs agreed it was ‘very CEOs are very concerned about the availability of digital skills in the industry, more than other financial services industries. A fifth of insurance company CEOs difficult’ to attract digital warned it was very difficult to attract such talent to the industry while 45% said talent into the industry. they hoped to partner with external providers to secure these skills. 45% hope to partner Startup founders and team members can bring deep expertise from other industries. Peter Bunus, the CEO of Startupbootcamp 2018 cohort member with external CyStellar, is an excellent example. Dr. Bunus has co-founded a string of high- tech ventures, growing several businesses to scale, and worked extensively in providers to secure academia and science. digital skills. Startups clearly bring diversity from a skills and geographic perspective, but we 20% are yet to see true gender diversity from InsurTech startups. Of the >1000 startup applications, we analyzed the makeup of 226. Only 23% of applicants to this year’s program had a female founder. Although this is an improvement from last year’s statistic of 16%, it still highlights the gender imbalance. Looking at the types of roles that women typically have within these startups, compared to the roles men have, the starkest difference is when we look at Chief Technology Officer (CTO) and Chief Marketing Officer (CMO) roles, men are five times more likely to be a CTO, where women are twice as likely to be CMO.