Impact of InsurTech Discussed in Valen Report

InsurTech, the development of new technology to bring savings and efficiency to the insurance industry, is gaining momentum, with a record number of investment deals recorded in 2016, according to a new report from Valen Analytics. In fact, InsurTech companies have raised $5.67 billion through 464 deals since 2011, according to Valen, a provider of data, analytics and predictive modeling for property and casualty insurers. The issue is discussed in Valen’s new 2017 Outlook Report, which details what it calls the complex and inefficient buying cycle inherent to property and casualty ins...