Claims Management: The Next Wave Of Disruption

According to a recent report from Willis Towers Watson, insurtech funding skyrocketed during the second quarter of 2017, and claims management appears to be the next battleground for startups. In its latest quarterly insurtech briefing, the brokerage giant found that global insurtech funding volume has actually increased 248%, to $985 million, with a record 64 transactions over the quarter. In addition, the quarter saw $289 million of early-stage funding volume and 27 technology investments by insurers, which also represents a quarterly record. The report noted the importance of claims and claims management.