Analysis

Insurtech sector sees 2021 unicorn boom as pandemic accelerates digital focus

By 2021-07-01T09:38:00

unicorn floating

Funding for insurtechs has historically been a struggle, but industry commentators believe investment opportunities are on the up thanks to the technology focus brought about by the Covid-19 pandemic

With three unicorns and counting in 2021 so far, the insurtech sector is at the top of its game - June saw the UK become the first country in Europe to hit a 100 unicorn milestone this year, following the valuation of artificial intelligence (AI) company Tractable.

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