Insurtech is a growing phenomenon that can potentially help the insurance industry reconnect with its customers following a period of increasing alienation and disengagement. It also allows insurers to reaffirm their purpose in society – to protect and support policyholders, according to PwC.
In the UK, insurtech is quickly emerging as a jewel of the fintech crown. The sector is rapidly growing, having received a near-record $2.6 billion funding in 2018. According to Sonovate, below are the top 20 insurtech companies that are making a name for themselves in the country. The rankings are based on the total funding they've raised since their inception:
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