As expected, 2017 served as another year of strong investment into the InsurTech space by both financial investors and (re) insurers. InsurTech funding volume increased 36% year-over-year in 2017, demonstrating that technology driven innovation remained a core focus area for (re)insurance companies and investors heading into 2018. Insurance companies in Life and Health (L&H), Property and Casualty (P&C), and reinsurance (as well as PE and VC funds) are investing strategi-cally in an effort to leverage digital technologies and enhance business performance and customer engagement. Many insur-ers are minority investors in market intelligence and providers for corporate venture capital (CVC) funds focused on the In-surTech space, and we expect this symbiotic relationship to continue. Contrary to other industries, insurers appear to be in-teracting positively with InsurTech disruptors, recognizing these new players as potential partners rather than competitors.

To review the full report please download, “InsureTech Industry Status Report Q4 2017”