InsurTech Futures: Five Insurtech predictions for 2017
John Warburton predicts how the tech landscap will develop and affect brokers next year
2016 has been the year of Insurtech investment. According to analyst firm CB Insights, venture capital firms made 126 investments in insurance globally in the first nine months of 2016, with a total value of $1.4bn (£1.1m), compared with 118 for the whole of 2015 and 26 in 2011.
The growing hype is also reflected in guest articles on Techcrunch (11 versus 2) and the number of Insurtech conferences.
The bulk of global startup investments have been made historically in health care and in the US
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