InsurTech platform revenues to approach $235bn by 2021

New findings from Juniper Research forecast that fintech platform revenues derived from supporting the insurance industry will reach almost $235 billion globally by 2021, up 34% y-o-y from an estimated $175 billion this year. The leading analyst house claimed that growth would be driven by a combination of factors including: machine learning investments enabling insurance providers to personalise products; insurers deploying mobile apps to improve their customer experience; investments in blockchain technologies to underpin smart contracts. Read more: