Insurtech: should you believe the hype?
Daniel Treiber, Getsafe & Andrew Johnston, Wills Re
Insurers, providers and investors discuss the rise and rise of the insurtech sector, its popularity with investors and its future.
Global investment in the insurtech sector reached a record $7.1 billion (£5.2) in 2020, according to Willis Towers Watson’s January 2021 Quarterly Insurtech Briefing. Deal volume was up 20 percent on 2019—in the midst of a pandemic.
It was, says the broking giant: “The most important year for insurtech to date”.
But how long can it continue? Will it prove the high point for insurtech appetites, or just a milestone on the road to further growth? That was the question for a session of Intelligent Insurer’s Re/insurance Lounge, the online, on-demand platform for interviews and panel discussions with leading players in the market.
Willis Towers Watson, Insurtech Briefing, Growth, Insurance, Reinsurance, Andrew Johnston, Stuart Winchester, Daniel Treiber, Matthew Jones, Global