Insurtech Gaining Momentum

CB insights states that VC investments in insurance technology is going gangbusters and has quadrupled in the last few years. New firms, such as Oscar, has kind of led the way but now all the big insurance companies have formed their own in-house venture firms to catch up to the many ways ‘insurtech’ can modernize (cost saving, claim processing, etc) their business. Here in this article are several ways that this new technology is “blossoming”.