Global insurtech investment tops $10 billion in 2021-report

FILE PHOTO: Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January 21, 2016. REUTERS/Jason Lee/Illustration

LONDON (Reuters) - Global investment in insurance technology (insurtech) start-ups totalled $10.5 billion in the first nine months of 2021, a record high level for the period, reinsurance broker Willis Re said on Wednesday.

Investment in the third quarter totalled $3.1 billion, up 23% from the pandemic-hit third quarter of 2020, Willis Re said in a report.