The Big Apple is the new excellence for innovation in the insurance sector, in spite of Silicon Valley. While London continues to attract investment despite Brexit. Here's what happens in the two most attractive places for startups.
"The key message for us is that 2017 is setting up as an incredible year for insurtech in the UK" said Simon Tottman, Accenture UK and Ireland insurance analyst and research manager.
Among the most interesting insurtech startups based in London there are 360Globalnet ,Guevara, Brolly, Cuvva(Scottish but based in London), BuzzMove, Digital Fineprint, Neos and Spixii, (founded by Italians). Spixii was among the winners of the latest edition of the BNP Paribas Cardif Open-F@b Call4Ideas international startup insurtech contest,
On the other side of the world, the emerging core city of the insurtech seems to be London, despite the Brexit has triggered fears of repercussions in all financial environments including the insurance industry. Nevertheless, figures are clear: according to Accenture, as reported in this article by InsuranceAge, 218 million pounds would have been invested in the first half of 2017, compared to the 7.3 million pounds of the previous year. A rip-roaring increase. Brexit effect didn't occurred and British capital absorbs 30% of the entire amount of European investment in the insurtech. Accenture's research also revealed that cloud computing, the Internet of Things, and Big-Date Technology attracted the largest number of investments.