Global investment in InsurTech in the second quarter of 2017 surpassed that in the previous three quarters combined, according to a new report from PwC.

Investment in InsurTech by global insurers, reinsurers and Venture Capital firms surged by 247% to $985million, compared to Q2 2016 ($398million). The first three months of 2017 saw $283million of InsurTech funding.

PwC predicts the rate of funding and investment will continue at a similar level and the report highlights an uptick in interest in InsurTech from the reinsurance industry as sentiment turns from fear to bullishness, and from scepticism collaboration.

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