Insurance Technology Funding in 2019 Projected To Significantly Rise Above 2018

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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.

Insurance Technology Funding Over Time

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.

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