Artificial intelligence and IoT dominate insurtech funding

The $711m in value accounted for 44% of the global total, a quadruple increase on the previous year (10%). AI, IoT and analytics and big data propositions collectively accounted for 56% of the total number of deals – around 70% of total value last year. UK market doubles The value of insurtech investments in the UK more than doubled year on year to almost $19m, although the total number of deals remained flat. Accenture said that Brexit had not had a material impact on the investment climate in 2016. After the UK, Germany and France are the next largest markets in Europe.