Startup entrepreneurs are drawn to InsurTech ventures for good reason, according to a recent report from Accenture, the international management consulting and professional services company based in Dublin, Ireland.
Entitled "The Rise of Insurtech: How young startups and a mature industry can bring out the best in one another," the report found that innovation-driven growing pains in the insurance industry should ultimately bear significant fruit:
"We've seen a rapid acceleration of investment into and deal activity around intelligent automation and IoT start-ups over the last 12 months," said Roy Jubraj, a co-author of the report and Accenture's Digital & Innovation lead in the company's Financial Services practice in the U.K. and Ireland. "These technologies are primed to disrupt the industry in the years to come."
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Elana Ashanti Jefferson
Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
