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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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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The 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, argues InsurTech is a completely different proposition to FinTech, which has delivered radical innovation and disruption to the banking sector.