A total of 71 InsurTech funding transactions during the second quarter of 2018 marks a record high; however, the total of $579 million invested is down 20% against the prior quarter, according to the new Quarterly InsurTech Briefing from Willis Towers Watson, the leading global advisory, broking and solutions company. Q2 also set a new… Continue reading InsurTech Transactions Reach New Peak in Q2
Tag: Insurtech
Insurance Industry Needs to Respond Proactively to Changing Market Dynamics to Benefit from Promising Opportunities
Swiss Re sees some of the current improvements in the overall market environment as a chance for the insurance sector to embrace new market dynamics; for example, the increased use of digital solutions. Swiss Re expects companies that respond proactively with more relevant solutions and services in support of their customers’ goals to benefit most… Continue reading Insurance Industry Needs to Respond Proactively to Changing Market Dynamics to Benefit from Promising Opportunities
Zurich Insurance Launches Global Start-Up Competition for Best-in-Class Customer Solution Innovations
As an element of its customer-led strategy, Zurich Insurance Group (Zurich) has launched the Zurich Innovation World Championship, its new global competition to collaborate with the brightest and best start-ups and entrepreneurs in the insurtech space. The Championship, which focuses on start-ups with established products or services, will provide the winners with the opportunity to… Continue reading Zurich Insurance Launches Global Start-Up Competition for Best-in-Class Customer Solution Innovations
Insurtech-based Premiums to Exceed $400 Billion by 2023, Representing 7% of Global Insurance Market
A new study from Juniper Research has found that insurance premiums generated by emerging insurtech services will exceed $400 billion by 2023, up from an estimated $187 billion in 2018. The research found that insurtech platforms will equip insurers to meet the challenges of diminishing margins and increased competition, creating an opportunity insurers cannot ignore… Continue reading Insurtech-based Premiums to Exceed $400 Billion by 2023, Representing 7% of Global Insurance Market