Investment in AssurTech in full swing
According to Willis Towers Watson, investment in AssurTech reached 2.29 billion USD in 2017, up by 36% compared to 2016.
Two-thirds of the deals are with startups specializing in insurance. The remaining third includes traditional companies that have developed innovative insurance solutions.
Among the most important operations, we mention the initiative of the German insurer Allianz who invested, at the end of December 2017, an amount of 96.6 million USD in Bima, an AssurTech specialized in the design of microinsurance products via the mobile technology.
Another example is the life insurers, New York Life and Transamerica Ventures, which together invested 40 million USD in H20.ai, a start-up specializing in the design of artificial intelligence solutions for insurance.
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