Asia: 100 Insurtech Companies and Counting

Fintech News: Advances in digital innovations and cutting-edge technologies as well as evolving customer preferences are creating the need for digital agility in the insurance sector.

Insurtech, a subset of fintech that refers to the use of technology innovations to squeeze out savings and efficiency from the current insurance industry model, has received significant traction in recent years with companies in the space raising US$2.3 billion in 2017, according to EY’s Global Insurance Trends Analysis 2018.

According to an analysis by Venture Scanner, there are approximately 1,500 insurtech startups around the world, most of which are based in the US.

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