The Deloitte Center for Financial Services released this newest report, noting:
“There may be fewer insurtech startups forming than in past years, but the market is on track to be the hottest year on record for investments in the space.”
Gain insights into the following:
- 2019 insurtech investments are on pace to be the highest ever despite fewer startup launches
- Funding for insurtechs has moved to later stage rounds signaling a maturing market
- Insurers are moving beyond the POC stage, but problematically are still treating insurtechs like vendors rather than partners
- Rating agency scrutiny will push carriers to track impact of investments to returns, which might solve for adoption challenges
We thank Deloitte Center for Financial Services for sharing this with our audience.