What is insurtech?
The simplest answer is: Insurtech = insurance + technology. Insurtech is a combination of “insurance” and “technology” that was inspired by the term „fintech” (finance and technology). There is only one word to sum up the future of #insurtech – huge. The valuations, investments and potential for disruption as well as potential for cost savings in this space are tremendous.
Total venture capital investment in insurance technology in 2015 was $2.6bn; many big insurers have themselves created in-house VC firms.
The latest insights in #insurtech and insurance innovation you can find in our weekly Insurtech Newsletter – Insights that matters. Curated by Insurtech Intelligence. For anyone who works in insurance industry, or just has a passion for insurance and technology.