Insurtech: Next Insurance Raised $13 Million in Seed Funding to Fix SME Insurance

The Insurtech sector has been a hot segment of the Fintech industry. In Q1 according to KPMG, Insurtech investment slowed overall but still registered a health $243 million across 43 deals. KPMG predicts this “lull” will not last as insurance companies around the world are starting to feel the pressure. Insurtech investment is pegged to grow across the entire value chain during the rest of 2017 as new solutions and platforms emerge to digitize the entire industry. The traditional insurance industry is enormous but largely operates in an analog world where phone calls are placed to buy insurance and then to settle claims