Insurtech funding drops 64% YOY in Q1
Wednesday, 05 03 2017, Category: Technology, Country: World
Insurtech funding in the first quarter of 2017 dropped severely compared to the same period last year as significant investments made in 2016 reach the product launch phase, according to Willis Towers Watson Securities.
The insurtech industry attracted $283 million in the first quarter of 2017, a 64 percent decline from $783 million in the first quarter of 2016, according to a report titled Quarterly InsurTech Briefing.
Source: Intelligent Insurer