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The three ways InsurTechs are impacting the insurance industry

A new report from QBE highlights three themes where InsurTechs are driving positive insurance industry transformation.

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"Insurance has shaped patterns of economic and social growth since its inception," said Allie Burns, Chief Executive Officer of Village Capital. "Insurance technologies are fueling the emergence of affordable, accessible, and customizable solutions and enabling consumers, companies, and communities to create a more resilient future. We are thrilled to partner with the QBE Foundation to dive into this exciting topic." “Insurance technologies are fueling the emergence of affordable, accessible, and customizable solutions and enabling consumers, companies, and communities to create a more resilient future,” says Village Capital’s Allie Burns. (Photo: Shutterstock)

In the first half of 2019, investments in the InsurTech space reached $2.2 billion — and with just a few weeks left in the year, trends predict the sector will surpass the record set in 2015 when $3 billion was invested into the industry, says research from Deloitte.

With rapid expansion occurring in the tech space, the rest of the industry needs to stay in touch with key trends.

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Heather A. Turner

Heather A. Turner

Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].

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