Technological advances around insurance claims and drone usage is driving the growth of insurtech, according to a report from CB Insights. Overall, insurtech as an industry is valued at $170bn globally, the report noted. The study also found that insurers are looking for ways to improve their customer experience with drones in particular.
Technological advances around insurance claims and drone usage is driving the growth of insurtech, according to a report from CB Insights. Overall, insurtech as an industry is valued at $170bn globally, the report noted. It cited US-based claims start-up Snapsheet and drone-tech firm Airware as examples of technology companies that have raised significant capital to-date.