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 examine the most read stories for the week commencing 3 June 2019.Subscribe to our daily newsletter for all the latest news
- Elite proposes solvency scheme to avoid liquidation
- IFB launches counter fraud database
- Motor market records best year since 1985 ahead of troubled future, says EY
- Momentum Broker Solutions unveils 2018 results
- Broker Network owner set to make more deals with fresh funding
- Brokers call on HMRC to reform IPT
- Two TMK executives resign amid fresh sexual harassment claims at Lloyd's