The global insurtech market is set to raise $6bn in funding this year, according to a report by Hampleton Partners. InsurTech has been growing at an annual rate of about 10% over the past five years, with more than $70bn raised so far and expected to reach $1tn within three years.
The global insurtech market is set to raise $6bn in funding this year, according to a report by Hampleton Partners. Almost $3bn was raised in H1 2019, according to the report, with interest in telematics, drones and mobile-first platforms set to drive growing demand over the rest of the year.