Following the launch of the FinTech Delivery Panel’s Insurtech Board last month, prominent VC Eileen Burbidge, chair of the Fintech Delivery Panel and Tech City UK, shares her thoughts on what’s driving investment in the UK InsurTech sector.
London has clearly established itself as the one of the world’s leading FinTech hubs, and InsurTech – technology innovation and its impact on the insurance sector – is quickly emerging as one of the jewels in Britain’s FinTech crown.
While it may seem that insurance is at the opposite end of the spectrum from digital innovation or technology advancement, the simple fact that insurance has been largely unchanged for hundreds of years is precisely why the sector is ripe for transformation, investment and technology innovation....