CommerzVentures, the fintech venture capital fund of Commerzbank, has released a white paper highlighting the key technologies which it believes will transform the insurance industry. Aimed at providing insights into their potential uses in the insurance sector, CommerzVentures' 'Emerging Technologies Transforming the 4tn Insurance Industry' paper explores how the insurance chain value will be transformed by technological innovations. Innovations such as artificial intelligence, connected devices, drones, blockchain tech, among others, are enabling new value propositions and distribution methods, the firm says. Effectively cooperating with startups may be the only way for incumbent insurers to fend off potential competitors such as Google, Amazon, Facebook and other non-traditional players, it argues. Generating over US 4 billion in global revenue, insurance is one of the two major sectors within fintech and the largest long-term opportunity, and yet insurtech companies have received 12 times less funding than bankingtech.