Actions towards bringing an insurtech solution to market speak louder than words when it comes to attracting insurtech investment, an Intelligent Insurer Re/insurance Lounge panel heard.

Despite its difficulties, 2002 was a boom year for insurtech. Investment in the sector reached a record $7.1 billion (£5.2) globally, with deal volumes up by a fifth, and this year has begun strongly, with big deals including London-based insurtech Zego gaining $150 million in its third funding round, valuing the business at $1.1 billion.