Insurance tech investment surges
Tuesday, 04 26 2016, Category: Technology, Country: World
Investment in insurance tech start-ups more than tripled last year as a previously sleepy corner of the market begins to draw a surge of interest.
While areas of fintech such as payments have boomed in recent years, so-called insurtech has been slower to develop.
That all changed last year, thanks to some of the world’s biggest insurers. Investments in insurtech rose from $800m in 2014 to more than $2.6bn in 2015, according to data from Accenture, the management consultancy. While much of the money has come from traditional sources such as venture capital and private equity groups, established insurance companies have also been big investors.
Source: Financial Times