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Sonr, makers of a scouting platform for the insurance industry, recently released its report of leading insurance startups and "scaleups" worldwide, which was sponsored by EY along with Element, the German cloud-based carrier, and Tractable, the provider of AI insurance solutions.

"The insurtech market is maturing, as is their position and relationship with incumbents," Sonr CEO Matt Connolly wrote in his introduction to the report. He added that in addition to ongoing insurtech investment, the sector has embraced partnerships with carrier incumbents in order to further innovation.

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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].