Tag Archive | Insurtech

Exploring Insurer and AI InsurTech Partnerships

Exploring Insurer and AI InsurTech Partnerships

Total InsurTech funding reached $2.3 billion in 2017, a 36 percent increase from the $1.7 billion recorded in 2016. In 2016, AI and IoT accounted for almost half of the total investment in InsurTech startups globally.

via Everest Group

Insurance Industry Technology Investment Gains Momentum

Insurtech market research

Almost $6 billion has been invested globally in insurance technology startups (Insurtech) in the last five years, particularly in digital customer engagement, mobile insurance management and analytics. In Australia, a new Insurtech industry association was launched this month, dedicated to the advancement of insurance innovation and startups.

Source: Gartner

Insurtech Platform Revenue to Reach $235 Billion in 2021

fintech insurtech market research

Fintech platform revenues derived from supporting the insurance industry (Insurtech) will reach almost $235 billion globally by 2021, that’s up by 34 percent y-o-y from an estimated $175 billion this year, according to Juniper Research.

Source: Digital Lifescapes

Global InsurTech Market is Driven by EMEA Region

global insurtech market research

The global InsurTech market is expected to post an impressive growth in terms of CAGR of more than 10% during the forecast period 2016-2020. EMEA occupied the maximum share of over 72% in the global insurtech market during 2015.

Source: Technavio

Exploring the Insurance Industry Digital Transformation

digital transformation market research

Gartner predicts that 80 percent of life, property and casualty insurers globally will partner with or acquire Insurtech companies by the end of 2018. Analysts believe that these pioneers can stimulate or accelerate innovation among incumbent industry players, and complement existing digital transformation strategies.

Source: Digital Lifescapes