The insurtech space is rapidly expanding, according to a briefing from Willis Towers Watson. In the first quarter of 2018, there were 66 insurtech investment deals – a new high – while investment volume exceeded the same quarter last year, rising from US$624 million to US$724 million.
Peggy Hansen from ReSource Pro, a service provider for the insurance industry that offers productivity solutions for a policy’s entire lifecycle, from new business all the way up to claims, predicts that technology in the industry will “explode” in the next few years because of all the insurtechs that are coming up.
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