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2017 is going to be large on the Insurtech front

Digital transformation in insurance started in ‘15, took off in ‘16 and is now becoming mainstream in ‘17. The hype will reach new levels, driving up valuations and making it even harder to separate out quality.

More high-profile insurance companies will invest in tech startups to accelerate innovation in the mothership. Venture Capital investors will remain keen to capitalize on varied opportunities to attack inefficiencies in the insurance ecosystem. And, all eyes will be on what models and technologies are adopted at scale and what impact they have on the bottom line.

Check out this LinkedIn article from Roger Perevelli, a partner at strategic marketing and consulting firm, VODW, that ticks through his top Insurtech trends in 2017. His #1? Massive cost savers in claims, operations and customer acquisition.

What do you think will happen in 2017? Shoot a note to Cheryl Matochik at over the weekend. We are eager to hear your thoughts on Insurtech (and intel you seek) to help guide The Council’s content.

Thanks in advance for taking the time and have a great weekend. Happy New Year.

Cheryl Matochik, SVP of Strategic Resources & InitiativesBest’s Review: January 2017 Insurtech Issue
Twenty-nine (29) pages of in-depth coverage which follows the money.New York Times: For Non-Tech Companies, if You Can’t Build It, Buy a Start-Up
Over the last week, both The New York Times and The Wall Street Journal published trend stories highlighting what we are seeing in the insurance industry, a proliferation of non-tech companies acquiring tech startups.Jennifer Urso, VP of Strategic Resources

Business Wire: UnitedHealthcare and Qualcomm Integrate New Wearable Devices With Wellness Program
This week at CES 2017, the two companies announced they will expand the UnitedHealthcare Motion program to 40 states and will implement a ‘bring-your-own-device’ (BYOD) model. The program is now available to self-funded employers with five or more eligible employees, and companies with fully insured health plans with 101 or more eligible employees.

Chris Gagnon, CIO

PitchBook: The Top 9 VC Investors in BitCoin & Blockchain
You will notice several of the nine are major investors in Insurtech.

VICE: How Scared Should I Be of the Internet of Things?
A must-read for all who received the gift of the Amazon Echo or Google Home over the holiday.