Insurtech was an insurance buzzword in 2016 and that’s likely to continue next year when it will permeate almost every aspect of U.S. industry, according to a prediction from international law firm Clyde & Co. Clyde & Co.’s insurance team has published a list of predictions for 2017, which Insurance Journal is summarizing. Part one focused on mergers and acquisitions and Brexit, while part two addresses insurtech, directors and officers in Australia (a D&O claims hotspot) and the growing interest in cyber insurance in India. In his piece on insurtech – the innovative use of technology in insurance – Vikram Sidhu, a partner in the law firm’s New York office, said the insurance industry in the past has been slow to embrace technological innovation. Read more: insurancejournal.com
