Trends Report

Insurtechs Can Help Insurers Plug Their Digital Capability Gaps

November 8th, 2019

Summary

In 2019, insurtech funding is set to reach its second-highest level since 2014, with the bulk of aggregate funding concentrated in direct-to-consumer solutions. Insurers are targeting insurtechs at different growth stages: Consortiums and incubators are focusing on immature technology and early-stage ideas, while VC funding and partnerships offer scale to more mature insurtechs. Digital insurers, such as Root and Metromile, have experienced impressive premium growth, but their market share is tiny and profitability wanes.

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