Venture Capital, Traditional Insurer Interest in Insurtech Remains High

Even though venture capital investments in venture capital-backed financial technology (fintech) companies fell more than 50 percent globally during the second quarter of 2016, interest in insurance technology startups (insurtech) continues to pick up steam, a new report reveals. According to the “Pulse of Fintech” report, a quarterly global update on fintech VC trends published jointly by KPMG International and CB Insights last week, VC-backed insurtech investments hit the $1 billion mark across 47 deals in the first half of 2016.