Insurtech Companies Are The New Fintech Leaders

Funding for insurance technology startups is outpacing the sector as a whole, according to industry analysis. So far this year, the insurtech sector, which includes companies creating new underwriting, claims, distribution and brokerage platforms, as well as enhanced insurance-specific, customer-experience offerings -- has seen 47 venture capital investment deals totaling $1 billion, compared to 74 deals totaling $2.5 billion in 2015