Over the last few years, insurance has become an important hubfor tech innovation.
While the momentum is widely discussed, the numbers are evenmore telling. CB Insights reported that InsurTech companies have raised $5.67 billiondollars across 464 deals since 2011, compared to only $85 millionin 2010.
The influx of capital puts added pressure on traditionalinsurance companies to either adapt, by adopting technology intotheir business to offer a better customer experience, or join theinvestors by funding InsurTech initiatives.
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