“It was only a question of time before the world of coverage welcomed its own wave of technological disruption and it’s arrived with its own contraction; Insurtech insurance era,” writes Henry Williams for Startups. co. uk. “In an identical way to fintech and proptech firms, lots of the new start ups in the insurtech space aim to introduce some transparency into the market and reconnect with upset customers. ” Investors have already poured $2.
65bn into insurtech and clients are challenging “a more obvious and equal relationship with their insurer. ” Both of those are good signs that this is an ideal business chance.