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An alignment of interests’ in insurtech space could bring further growth

The insurtech industry is booming, according to a recent report that revealed the state of growth in the space.

The latest Quarterly InsurTech Briefing report from Willis Towers Watson found that for Q2, there were 69 insurtech deals announced with a total value of $1.41 billion. This, the report noted, makes Q2 2019 the fourth consecutive quarter wherein total new funding commitments exceeded $1.2 billion. Importantly, the value of investments in P&C-focused firms spiked by 283% from Q2 2018, while the number of strategic investments by (re)insurers hit a record high of 36…….Read More