- In the first half of 2016, the number of deals to insurance focused startup companies jumped by 48% when compared to the same period in 2015.
- But funding has fallen by the same percentage i.e. 48% in H1 2016 when compared to 2015.
- What are insurtechs? These startups are leveraging new technology and a better understanding of consumer expectations to decrease inefficiencies in the insurance industry. Some are helping incumbents deliver better end products, while others are directly competing with legacy players.