[gallery size="full" ids="175979,175980,175981,175982,175983"]
Investment in InsurTech has grown exponentially in recent years, with new worldwide funding commitments of $6.37 billion in 2019, and there are no signs of this momentum slowing in the coming years.
There has been a paradigm shift towards digital, with 20% of insurers' 2019 IT budgets devoted to digital strategies and capabilities. A recent report from QBE North America and Village Capital found that 79% of insurance executives believe artificial intelligence (AI) will transform how insurance products are produced and delivered.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
