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ARTICLE · 27 JULY 2017

Future Of Insurtech: Opportunities And Challenges

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The emerging insurtech industry is growing at breakneck speed. While in 2011 insurtech startups received $140 million in funding from 28 total deals, investment increased more than tenfold in 2016, ...

United StatesInsurance
Shawn Hanson
Shawn Hanson
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Key Points

  • With proliferation of insurtech, insurers have access to more and better data than ever before
  • AI and machine learning will allow insurers to interpret data to fundamentally transform the industry
  • Innovations in distribution and customer engagement will raise questions for brokers and agents
  • Insurtech industry faces regulatory hurdles at every stage of the value chain

The emerging insurance tech ("insurtech") industry is growing at breakneck speed. While in 2011 insurtech startups received $140 million in funding from 28 total deals, investment increased more than tenfold in 2016, with investors pouring nearly $1.7 billion into 173 deals. Given the massive opportunity to innovate within the insurance industry, those trends are projected to continue.

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