Insurtech investment rises 700% in Europe

Insurtech investment increased by 700% in Europe to more than $400 million in the first half from just $50 million a year ago as insurers strive to extend risk management assistance to more customers, Reuters reported. Britain accounted for the biggest rise in insurtech investment, up to $279 million from $9 million in the first half of 2016. In the rest of Europe, investment jumped to $134 million from $37 million, with some insurers also forming partnerships with insurtech firms.
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