The insurance market is ripe for change. The models used today have been stable for many years and new technologies, user behaviours and preferences will create new approaches and business models. We feel there is a great opportunity for startups to drive this change.
The insurance industry is one of the most exciting areas of innovation with the highest disruption potential for tech-powered startups. In 2015, more than $1.2 billion was invested in InsurTech startups