InsurTech deals rise 32% YoY in 2016
There was a 32% YOY increase in the number of InsurTech deals in 2016 and a total of $1.69bn invested in the space, says new research.
The Insurtech Disruption Trends 2017 report, published by Tällt Ventures, said that although much of the investment that has taken place has occurred in the US (approx. 59% last year), Europe’s InsurTech deal activity is rising, with money invested in UK startups tripling 2015’s figures.
Global deal activity also continued to rise above previous years and shows no signs of slowing as 2017 begins.
Matt Connolly, CEO & Founder of Tällt Ventures said: “There’s a world of ventures using technology to create radical change across the insurance industry. It’s now time for incumbents to evolve strategies and drive innovation if they are to have any chance of staying relevant.”
For all the latest insight, news and data on the global life and health insurance and reinsurance markets, visit www.lifeinsuranceinternational.com