Insurtechs want to enable the value chain, not disrupt it
|02/05/2018||Posted by BusinessMediaguide.Com under General World News||
The insurtech industry saw another good funding year in 2017, with 202 deals — a record-breaking number — that together were worth over $2.2 billion.
This is undoubtedly concerning for incumbent insurers, as it shows there is increasing interest in new technologies and solutions in the insurance sector.
However, new research from McKinsey & Company shows that insurtechs might not be as threatening to incumbents as previously thought.
Here are some key stats from the report: