South Africa’s Root gets $3M, plans to expand low-code insurance platform to Europe
https://techcrunch.com/2021/11/11/south-africas-root-gets-3m-plans-to-expand-low-code-insurance-platform-to-europe/
Insurance lags behind other financial services in the adoption of digital technologies. Granted, a few unicorns have popped up from the modern digital insurance space such as Tractable and Lemonade; however, this sector hasn’t raced to the stage as quickly as say, payments or lending.
With the global insurtech market worth over $5 trillion, there are different opportunities to be tapped despite the presence of large incumbents.
South Africa’s Root gets $3M, plans to expand low-code insurance platform to Europe
Nov 11, 2021, 12:53pm UTC
https://techcrunch.com/2021/11/11/south-africas-root-gets-3m-plans-to-expand-low-code-insurance-platform-to-europe/
> Insurance lags behind other financial services in the adoption of digital technologies. Granted, a few unicorns have popped up from the modern digital insurance space such as Tractable and Lemonade; however, this sector hasn’t raced to the stage as quickly as say, payments or lending.
> With the global insurtech market worth over $5 trillion, there are different opportunities to be tapped despite the presence of large incumbents.