How insurtechs are actually boosting insurance brokers

Funding for insurtechs isn’t slowing down, with $2.3 billion invested in 2017, a 36% increase from 2016, and, so far in 2018, insurtech funding transactions in Q2 have reached an all-time high, according to Willis Towers Watson. At the same time, the benefits that insurance companies stand to gain from insurtechs are growing. A recent Accenture report found that US insurers could collectively grow their profits by $20 billion with the implementation of artificial intelligence, machine learning, and data analytics – the focus of many insurtech solutions on the market right now.