Why investors are hunting insurtech unicorns
Asian insurers lag their global peers when it comes to investing in insurance technology start-ups, but are trying to catch up. It's seen as a potentially risky but worthwhile strategic play.
The ultimate ambition of venture capitalist (VC) investors is to rope a unicorn – a privately held start-up company that can be nurtured into a success worth at least $1 billion.
Many industries have become infatuated with these elusive creatures, and over the last year or two this has come to include the insurance sector. Participants in the US and Europe have begun investing in insurance technology companies – dubbed insurtech.
Asia’s larger life insurance players are also s…
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