The insurance sector is becoming more innovative. Various initiativesand projects launched around the globe are proof of that: from the classic “call for ideas” and corporate venture capital to innovation labs and accelerators that involve the largest insurance companies. According to CB Insights, InsurTech —which involves rethinking one or more steps of the insurance value chain through the use of technology — received $650 million in funding in the first quarter of 2016, and the number of transactions more than doubled compared with the same period in 2015.
#InsurTech investment in Q1 2016 more than doubled [ Click to Tweet]
The Italian insurance sector represents an interesting case history about InsurTech.
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