Propel Venture Partners, the venture capital fund owned by BBVA, has announced that it is to invest in the startup Hixme, which uses technology to build health plans tailored to each employee's profile, which they can keep if they decide to change jobs.
Investment in tech startups in the insurance sector has increased 7-fold since 2013
According to the "Insurtech Panorama" report by the multinational consulting firm Everis, a new ecosystem of insurance companies, technology giants and disruptive Insurtech startups is transforming the insurance industry. In this context, the market is booming: investment in technology startups in the insurance sector has increased sevenfold since 2013.
In large part this is because the insurers' risk capital are diversifying their investments to integrate new digital capabilities into their business strategies. In this way, insurers are able to offer a more comprehensive portfolio of services to meet new consumer needs.
Technology giants Google, Apple, Facebook, Amazon and Alibaba are also investing in the InsurTech sector, leveraging their digital capabilities, the information they have on customers, and their ability to process large volumes of data. Through the application of Big Data and IoT technologies, they monetise customer data and pave the way for the development of new products and the redefinition of smart insurance policies.
Companies applying technology to the insurance sector that have raised the most investment
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