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. N
- Moneysupermarket.com fined £80,000 by Information Commissioner’s Office
- Gable policyholders receive £8.3m return payments
- FCA proposes to extend the senior management regime to more firms
- FCA publishes IDD plans
- Broker Network posts rise in revenue after "extraordinary year"
- Marmalade launches new young driver policy
- InsurTech Futures: CDL set to launch chatbot solution