The article starts enticingly: "$406 billion of insurance premiums generating by emerging insurtech services by 2023"
"Wow", you think. "We're really changing the world".
Then you get to the next line: "The current level is $187 billion"....
So, the expectation is that in the next five years, despite EVERYTHING, they estimate little more than a doubling of premiums?
Is this a case of not visualising the future well, or having a somewhat different view of what has driven the rise to $187b than most use of the term 'insurtech'?
If someone gets past this frustrating opening line and reads the whole report maybe they can tell us.
Insurance premiums generated by emerging insurtech services could be as high as $406 billion by 2023, according to a new study from Juniper Research. The current level is $187 billion, the research firm says.