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Insurtech deals drop by 80% globally but Lloyd’s Lab still innovating

By 2020-08-19T07:33:00

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With the pandemic proving challenging for insurtechs, Global Data reveals a significant drop in insurtech deals worldwide but points out that Lloyd’s Lab fifth cohort gives hope to the industry

The total value of global startups and deals plummeted by 80% in 2020.

However, Lloyd’s Lab demonstrates hope that there is still innovation in the sector, with the fifth insurtech cohort focusing on pandemic solutions for the insurance industry.

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