As the digital revolution catches up with the global life insurance industry, have your say how InsurTech will impact the market in 2017 by completing the 2-minute survey below.
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The overall data results will be published in Life Insurance International. However, any comments and insights will be treated with complete confidentiality.
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Importance of InsurTech
InsurTech is “coming into its own” as an area of fintech for venture capital investment – hitting US$1bn across 47 deals in H12016 – according to the a fintech venture capital report from KPMG and CB Insights.
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By GlobalDataThe report said health insurance-related start-ups claimed the three largest deals of 2016 YTD, but start-ups across property and casualty insurance and life insurance are also seeing an increasing amount of investment.
The high cost of going alone means the majority of insurance start-ups are seeking to partner with larger companies- or at least build effective relationships – according to Timetric’s InsurTech Start-up Landscape report.
The report, which is available at Timetric’s Insurance Intelligence Center, www.insurance-ic.com argues InsurTech is a completely different proposition to FinTech, which has delivered radical innovation and disruption to the banking sector.
