An Overview of the Insurance Market - by CB Insight's Matthew Wong

By CB Insight's Matthew Wong

Matthew Wong of CB Insight’s provides an overview of the insurance market; explains why we are seeing more startups and investments in insurtech, the trends in insurance, as well as how incumbents are participating; Wong cites the lack of engagement from today’s consumers of insurance products and notes that products are not resonating with changing demographics in the market; in a low interest rate environment, insurers are looking for new business models and ways to run their business more efficiently; there have been some successful exits for insurtechs so far and there were 170 insurance tech deals globally in 2016.