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.