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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.

Analysis

InsurTech startups wane, but funds still pour into maturing market

Investor interest in InsurTech startups remains quite robust, even if the focus has begun to shift to more mature players in a consolidating market.

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Whether insurers can successfully mine InsurTech treasures and forge them into something useful will depend on how well organized they are in formulating and executing a comprehensive strategy to develop and integrate new technologies across their organization.

While the InsurTech gold rush mentality that marked the first half of this decade may have passed, startup financing remains quite robust, although the focus has begun shifting to more mature players.

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