While InsurTech activity is booming, firms operating in the space are lagging five years behind the pace of the broader FinTech sector, according to CoverWallet CEO Inaki Berenguer.
The market for InsurTech firms is reaching an inflection point that could lead to some high-profile failures while others sprint toward becoming sustainable ventures, according to Lightbank principal Rick Zullo.
Investment in InsurTech ventures is set to remain roughly flat at near $1.1bn this year while the focus of funding could change, according to Andrew Robinson, executive in residence of venture investing firm Oak HC/FT.
While the P&C sector was a sea of red in the third quarter, some carriers performed better than others against the expectation of analysts - although investor reaction remained muted
US auto insurers are expected to benefit from further rate increases that will feed through to the bottom line this year and into 2018, according to broker JLT Re.
While the P&C sector was a sea of red in the third quarter, some carriers performed better than others against the expectation of analysts - although investor reaction remained muted.
