Half of insurtech investment is in artificial intelligence and IoT

Asia technology

Investment into insurtech increased by more than 50% globally to nearly £15m last year, with the majority of deals involving artificial intelligence, a report found.

Accenture found that the combined number of deals across artificial intelligence and Internet of Things technology, increased by 79% and in 2016 accounted for 44% of global insurtech deals compared

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe

You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Post? View our subscription options

Register

Want to know what’s included in our free registration? Click here

Already have an account? Sign in here

This address will be used to create your account

Q&A: Simon Axon, Teradata

Simon Axon, global financial services industry director at Teradata, explains how general insurance providers are lagging behind banks in making the most of their data and why Amazon’s style of operating should inspire boards to back investment in digital transformation.

AI insurtechs dominate Q3 funding

Artificial intelligence-centred insurtechs dominated funding in the third quarter of 2024, securing $897.4m (£691.2m) across 29 deals, according to Gallagher Re.

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Post account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here