InsurTech Deals on the Rise; Companies Meet with PIA
Global fundraising for InsurTech companies in the first half of 2019 was nearly $3 billion, according to PropertyCasualty360. The National Association of Insurance Commissioners has held regular meetings of its Innovation and Technology (EX) Task Force since 2017 to examine developments and consider appropriate regulatory updates. Initiatives and guidance that develop from these meetings will have significant impacts on InsurTech companies.
CEOs, CIOs and senior executives with more than two dozen InsurTech firms and vendors met with PIA leaders on September 20, 2019 in Orlando, in a preliminary organizational meeting of the PIA Insurance Technology Leadership Advisory Board (PIA IT-LAB). Keynote speaker for the meeting was insurance futurologist David A. Smith, Chief Executive of Global Futures and Foresight (GFF), a strategic futures research organization based in the U.K.