Startup entrepreneurs are drawn to InsurTechventures for good reason, according to a recent report fromAccenture, the international managementconsulting and professional services company based in Dublin,Ireland.
Entitled "The Rise of Insurtech: How young startups and amature industry can bring out the best in one another," thereport found that innovation-driven growing pains in the insuranceindustry should ultimately bear significant fruit:
"We've seen a rapid acceleration of investment into and dealactivity around intelligent automation and IoT start-ups over thelast 12 months," said Roy Jubraj, a co-author of the report andAccenture's Digital & Innovation lead in the company'sFinancial Services practice in the U.K. and Ireland. "Thesetechnologies are primed to disrupt the industry in the years tocome."
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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].
