October 2020 – Interest in InsureTech continues to increase, and the pandemic—rather than suppressing investment—has heightened the need for digital and data innovation. Startups are educational for some insurers. They can help insurers bring more innovative practices in-house while providing technology for a fraction of the cost. Other startups are positioning themselves as competitors, whether through emerging technology, a new business model, or other innovative thinking.
This report addresses what InsureTech means for insurers and what incumbents can learn from the space. It provides an overview of market trends and maps some noteworthy startups in the space.
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