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Insurtechs want to enable the value chain, not disrupt it





insurtechs focus on value chain

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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:

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