Instant Insights / InsurTech & startups: What you need to know

Insurance technology, or InsurTech as many know it, is changing the insurance industry — whether it is ready for the transformation or not.


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InsurTech maturing Although there are still new InsurTechs being regularly announced, the total number has stabilized in the range of 1,200 due to exits of various kinds. (Photo: Shutterstock)

The investment and activity related to the InsurTech movement that began about 4-5 years ago show few signs of abating. If anything, the movement is transitioning into a new phase.

But before even evaluating whether InsurTech is maturing, it’s important to set some definitions and boundaries. Although some consider any tech firm with insurance solutions to be “InsurTech,” for our purposes, we are focusing on recent InsurTech startups, typically those that have been launched in the last five years.

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