Experts: Juergen Weiss, Manav Sachdeva
Experts: Juergen Weiss, Manav Sachdeva
Industry players’ interest in insurtechs has accelerated in the past three years. According to Google Trends, the search term “insurtech” has seen a compound annual growth rate of 68% since 2014. And the funding volume of investors in the 1H17 was $1.2 billion — 7.3% higher than the prior year.
According to the 2017 Gartner CIO Survey, 66% of insurance CIOs engage insurtechs with startups, and 29% of respondents invest or acquire them. This research provides insurance CIOs with insight into this dynamic market segment to better assess the IT and market implications of insurtechs.
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