InsurTech – the term that captures the many and various facets of new uses of digital technology in the insurance industry – has been attracting a great deal of interest from founders, investors, and incumbents.
In line with this, investments in InsurTechs have increased significantly. A good chunk of this investment is coming from insurers and reinsurers. This underlines the industry’s strong belief in the necessity of change and the increasing relevance of new technologies to become more customer-centric, cost efficient, and even to re-invent the business of covering risk with new business models.
Find more informations about the insurtech Scene in Europe in the study: CURRENT STATE OF INSURTECH