By FINTECH Books Contributor, Pritesh Modi Many of the efforts seen today in the InsurTech space stem from what I would call Silicon Valley-led models. At the very least, many of these models approach innovation from established insurance companies and represent the developed (insurance) markets perspective. And while there is certainly a seat at the table for these types of innovations, a strong case can be made for innovation that is springing from the grass root level – in economies where insurance is nascent, and amongst consumers whose disposal incomes are still limited, but rising. In essence – InsurTech at the Bottom of the (wealth) Pyramid. After all, it is when faced with resource constraints that innovation tends to breed naturally. The scarcity of disposable incomes and an underdeveloped insurance markets fosters an environment that mandates innovation in both production and the delivery of insurance solutions. Pricing an insurance product for less the $1 of premium a month tends to encourage an Apple-like simplicity in product and process design – and inevitably, the resulting innovations are relevant further up the wealth pyramid.The objective of my article would be to write about the innovations in insurance happening at companies catering to emerging consumers in emerging markets – providing a lens through which to view insurtech developments at the grassroot level in Hanoi, Jakarta or Nairobi opposed to San Francisco, London or Singapore. If you would like to learn more about FinTech please look at our video courses at FINTECHCircleInstitute.com