It is a relatively nascent segment within the broader fintech sector, but investments in Insurance Tech have still soared in the first quarter of 2016.
According to CB Insights, the first quarter of 2016 saw early stage investments break all previous records for the same period in previous years. Over $55 million has been invested in Insurance Tech so far this year.
Currently, there are now around 130 insurance tech startups being tracked by CB insights that have raised a collective $3.5 billion from an assortment of venture capital investors, insurance carriers and re-insurers. Here is how they break down by sub-sector:
NexChange will co-host a Fintech O-2-O Meetup on insurance technology at Cyberport in Hong Kong, on April 26. You can register here
Photo: GotCredit