InsurTech premium value to more than double by 2025

The total value of insurance premiums generated by InsurTech platforms will have more than doubled within five years worldwide, forecasts by Juniper Research suggest.

In a report published yesterday, the researchers predict that the value of premiums from InsurTech – which apply new technology to boost savings, efficiency and customer experience – will grow from $250bn (£180bn) in 2020 to $556bn in 2025.