UK InsurTech Sector: What is the Key Success UK Startups?
The United Kingdom is positioned as a global leader in the field of insurtech. A flourishing ecosystem of start-ups, investors, and incumbents is working together
InsurTech Market
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Global insurtech market is expected to grow at a compound annual growth rate of 52.7% from 2023 to 2030 to reach USD 152.43 bn by 2030. The increasing number of insurance claims worldwide is one of the major factors accentuating the market growth. Auto, life, and home are the most common insurance claims secured by people worldwide.
Insurance companies are increasingly investing in digital technologies to reduce operational costs and to improve operational efficiency and the entire customer experience. Digital technologies are used to understand customer needs and to enhance their offerings based on the changing customer needs.
In this section, we have collected the most current articles and reviews on the topic of the InsurTech Market.
InsurTech Startups Will Recalibrate Strategy in 2023. New Trends for Growth
In 2023, as tighter VC funding cycles and recessionary pressures are being felt across the broader economy, we can expect insurtechs to face even more scrutiny
Global InsurTech Investment Trends. Top 20 InsurTech Investors
2022 was a truly global year for InsurTech investing with 1,528 international investors participating in 521 deals, raising a total of almost $8 billion
Global FinTech & InsurTech Funding Highlight & Investment Trends
Global fintech funding reached $75.2B in 2022 — marking a 46% drop from 2021, but up 52% compared to 2020. Insurtech M&A exits rose 40% in 2022 to 81
Global InsurTech Data Highlights 2023: VC Investments, Deal Size & Funding Rounds
Global re/insurance brokerage firm WTW 4% has reported organic revenue growth to $8.866 billion, as net income for the year declined by 74% to $1.024 billion
InsurTech Has Failed to Disrupt the Insurance Industry
The idea that the centuries-old insurance industry is ripe for disruption by new technology has been pulling in investors and entrepreneurs for years
InsurTech Market Faces a Valuation Decline. How Insurers Can Take Advantage of this Situation?
For nearly a decade, insurtechs have experienced rapid growth and skyrocketing valuations. But in 2022, investors’ optimism tempered by compounding pressure
