reinsurancene

Insurtech investment hit $7.1bn in 2020: WTW

Global insurtech investment reached a record $7.1 billion in 2020 despite substantial challenges to the re/insurance sector, according to a new report by Willis Towers Watson.

A total of 377 deals were completed throughout the year, the most in any year to date, while overall funding was up 12% from 2019. Deal volume increased 20%.