Brexit negotiations could destabilise insurtech investment
Brexit has had little impact so far on insurtech start-ups, which have focused increasingly on mid- and back-office operations in 2016, while the number of firms looking into different approaches to underwriting risk and predicting loss rose four-fold, according to a trend report by Startupbbootcamp InsurTech and PwC. However, the study found the Brexit negotiation stage could present disruption issues, though the long-term effects are hard to estimate. There remain "question marks as to whether talent and investment will still be drawn to British shores to the same degree that they are currently", according to the report.
Startupbootcamp InsurTech and PwC report also shows start-ups are becoming more sophisticated, with more insurers looking to collaborate.

InsurTech has reached a crucial stage, with more investment and an increasing number of start-ups being created, according to Startupbootcamp InsurTech and PwC’s 2017 trend report.

According to the research InsurTech start-ups are becoming increasingly sophisticated, tackling more complex problems that are more closely aligned to insurers’ needs.

Brexit

In terms of Brexit, Startupbootcamp noted in the report that the UK’s decision to leave the EU had so far had a limited effect on InsurTech