Funding for insurance technology startups is outpacing the sector as a whole, according to industry analysis.
So far this year, the insurtech sector, which includes companies creating new underwriting, claims, distribution and brokerage platforms, as well as enhanced insurance-specific, customer-experience offerings -- has seen 47 venture capital investment deals totaling $1 billion, compared to 74 deals totaling $2.5 billion in 2015, according to “Pulse of Fintech,” a quarterly global report from KPMG International and CB Insights that explores equity transactions to venture capital-backed financial-technology companies.
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