The Trends To Watch Out For In Insurance Tech Investing In 2016
The excitement around technology’s potential to transform the insurance industry has grown to a fever pitch, as 2015 saw investors deploy over $2.6B to insurance tech startups globally. Using CB Insights data, we compiled six trends to look out for in 2016 in the insurance tech space. 2015 saw the launch of corporate venture arms by insurers including AXA, MunichRe/Hartford Steam Boiler, Aviva, and Transamerica. Aviva, for example, said it intends to commit nearly £20m per year over the next five years to private tech investments.