How is the funding environment shaping up for insurance technology in 2019? As we pass the mid-year mark, let's see how the year-to-date metrics compare to the historical trends. The graph below shows insurtech total funding by year, stacked by quarters.
As the graphic demonstrates, insurtech has amassed $2.9B through Q1 and Q2 of this year. This amount represents 76% of the total funding in 2018, and 223% of the funding through Q2 in 2018. The top three funding events in Q2 2019 include a $300M round into Lemonade, a $205M round into Collective Health, and a $152M round into Policybazaar.
A straight-line projection of the completed funding this year would result in $5.9B, which is 152% of the total 2018 funding. By the same token, a weighted quarterly average projection of 2019 funding would result in $8.7B, which exceeds the total 2018 funding by a whopping 123%. Therefore, based on the mid-year data, insurtech funding in 2019 is projected to surpass the funding in 2018 by far.