Europe’s Insurtech Market Heats Up

Two of Europe’s largest incumbent insurance companies, Munich Re and Allianz SE, have begun investing in insurance startups; the deals show that insurance giants are beginning to see how technology is affecting their industry and they want to get in early; currently the focus has been on small investments into many companies; the startups focus on different areas of the market like insuring mobile phones or small electronics; similar to banks, it is worth keeping an eye on how insurance companies handle disruption and innovation.  Source


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