My weekly #fgtrends No.339
#InsurTech weekly
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1️⃣ Details on the $13.7B invest in #InsurTech last year
2021 was a record year for InsurTech funding activity globally. During the year there were 41 financing rounds of $100m or more, a record level. All regions globally reached record levels of InsurTech financing activity. M&A volume was primarily driven by the wave of SPAC mergers.
2️⃣ Trends to watch in the #AI space
Of the many technologies with the potential to deliver significant value in the near future, Artificial Intelligence (AI) seems firmly planted atop the list for CIOs. Indeed, nearly all (95 percent) of the CIOs, CTOs, and technology leaders surveyed by IEEE agreed that AI will drive the majority of innovation across almost every industry sector in the next one to five years.
3️⃣ The banking’s legacy opportunity for #FinTech
High street banks and other long-established financial institutions still number their customers in the billions; by comparison, even the most successful tech-savvy challengers are nothing but niche players. But the numbers don’t tell the whole story about the often-fractious relationship between legacy finance and FinTechs.
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