Insurtech raised $2B in 2016 and is starting to eat-up the insurance sector

Insurtech has already seen investment deals for more than $2B in 2016, including $400M Oscar round, $500M Ping a Good Doctor Round and $191M Metromile rounds. Connected insurance – any insurance solutions using sensors, any insurance solution for collecting data on the state of an insured risk and telematics for remote transmission and management of data collected along the insurance value chain – a protagonist in this landscape. The Metromile’s announcement about the Mosaic Insurance acquisition demonstrates how the auto telematics is the most mature insurtech tends. This is the first bite to the insurance sector, Insurtech is officially eating-up traditional insurance.