2016 has been the year of Insurtech investment. According to analyst firm CB Insights, venture capital firms made 126 investments in insurance globally in the first nine months of 2016, with a total value of $1.4bn (£1.1m), compared with 118 for the whole of 2015 and 26 in 2011.
The growing hype is also reflected in guest articles on Techcrunch (11 versus 2) and the number of Insurtech conferences.
The bulk of global startup investments have been made historically in health care and in the US.
The Insurance Age team unpick the most recent and most popular stories.Subscribe to our daily newsletter for all the latest news
- FSCS set to compensate Alpha Insurance latent defect insurance policyholders
- Zurich cuts scheme contract with Fleet UK
- THB pledges support for Fleet UK
- Brightside hires new MD of broking as Russell Bence exits
- Ardonagh shutters Swinton's advised commercial business
- Latest Ogden rate change will cost the industry over £160m
- Allianz appoints branch leaders