Insurance Technology Startup Highlights  – Q1 2018

Venture Scanner

Here is our Q1 2018 summary report on the Insurance Technology startup sector. The following report includes an overview, recent activity, and a category deep dive.

Insurance Technology Slideshare Title

Insurance Technology Slideshare Intro

Insurance Technology Sector Summary

Insurance Technology Splash Slide

Insurance Technology Sector Map

Insurance Technology Innovation Quadrant

Insurance Technology Annual Funding Over Time

Insurance Technology Quarterly Funding Over Time

Insurance Technology Exit Events Over Time

Insurance Technology Latest Activity

Insurance Technology Funding Round Counts

Insurance Technology Quarterly Category Funding

Insurance Technology Recent Funding Events

Insurance Technology Recent Acquisition Events

Insurance Technology Auto Insurance

Insurance Technology Venture Investing

Insurance Technology Category Funding Quartiles

Auto Insurance Annual Funding Events

Auto Insurance Companies with Largest Funding Amounts

About Venture Scanner

Venture Scanner Process

Insurance Technology Slideshare End Slide

To learn more about our complete Insurance Technology report and research platform, visit us at www.venturescanner.com or contact [email protected].

Read More...

Insurance Technology Showing Early Signs of Maturation

Venture Scanner

Last quarter we saw that Insurance Technology (insurtech) funding continued on a healthy trend. This quarter we are going one level deeper on our insurtech research platform to examine its funding by round. From our analysis we can conclude that the insurtech sector is showing early signs of maturation.

This conclusion comes from two takeaways:

  •      Funding amounts are showing variable innovation
  •      Funding counts are shifting to mid-stage events

We’ll explain these takeaways with some graphics that show insurtech funding activity by round.

To help set the stage, the graphic below illustrates insurtech funding events over time. As you can see, the sector’s funding events saw consistent growth year over year. 

Insurance Technology Funding Count by Quarter

Insurtech Funding Amounts Showing Variable Innovation

We’ll start off by examining the annual insurtech funding amounts. The below graph shows recent insurtech funding amounts in different rounds.

InsurTech Funding Amount by Round

Insurtech funding...

Read More...

Insurance Technology Funding Continues on a Healthy Trend

Venture Scanner

The Insurance Technology (insurtech) sector is seeing a lot of activity. How have its funding trends evolved over time? On our insurtech research platform, we have analyzed the data through 2017 and can conclude that the investments in insurtech continue on a healthy trend despite a decline in certain metrics.

We have come to this conclusion from the following three takeaways:

  •      The number of insurtech deals has been growing consistently year over year
  •      The number of insurtech investors participating in the deals has been on an upward trend
  •      Insurtech funding amounts have seen a decline over the last few years

We will illustrate these takeaways with a series of graphics to show the trend of insurtech investments over time.

Annual Insurtech Funding Events Growing Consistently

We will start off by examining the annual number of insurtech startup funding deals, stacked by quarters.

Insurance Technology Funding Count by Quarter

This graph illustrates that the number of...

Read More...

Insurance Technology Sector Overview - Q4 2017

Venture Scanner

The Insurance Technology sector (insurtech) is one of the hottest technology sectors and has seen funding and exit momentum over the past few years. Yet what are the different components of insurtech and how do they make up this startup ecosystem? On our insurtech research platform, we have classified the companies in the sector into functional categories. This blog post examines these categories and how they compare with one another through a series of graphics.

Insurance Comparison/Marketplace Is the Largest Insurtech Category

Let’s start off by looking at the Logo Map for the Insurance Technology sector. As of January 2018, we have classified 1,422 insurtech startups into 14 categories which collectively raised $19 billion in funding. The Logo Map highlights the number of companies in each category and a random sampling of these companies.

Insurance Technology Logo Map

We can see from the Logo Map above that Insurance Comparison/Marketplace is the largest insurtech category with 406 companies. This...

Read More...

Insurtech Exit Activity Growing Over Time

Venture Scanner

Insurance Technology has become one of the hottest sectors in recent years, with a plethora of companies entering the space. How does its overall exit activity trend over time? On our insurtech research platform, we have analyzed the data through 2017 and can conclude that insurtech exit activity continues to be on a healthy upward trend.

This observation was derived from two takeaways:

  •      Insurtech exit events are on a general upward trend at the annual level
  •      Insurtech exit events are showing overall growth at the quarterly level

We’ll illustrate these takeaways with two graphics that show insurtech exit activity trends over time.

Insurtech Exit Events On General Upward Trend Annually

We’ll start off by examining the insurtech exit events from 2011 to 2017. Exit events include both acquisitions and IPOs. The below graph highlights the number of insurtech exit events by year stacked by quarters.

Insurance Technology Exits by Quarter - Stacked

This graph illustrates that...

Read More...

Insurance Technology Startup Market Highlights  – Q3 2017

Venture Scanner

Here is our Q3 2017 summary report on the Insurance Technology startup sector. The following report includes a startup landscape overview, graphical trends with insights, and recent funding and exit events.

InsurTech Q3 Title Slide

Overview Slide

Sector Summary

InsurTech Splash Slide

InsurTech Logo Map

InsurTech Quadrant

InsurTech Funding Over Time

InsurTech Funding by Quarter

InsurTech Exits Over Time

Latest Activity

InsurTech Recent Funding Round Counts

InsurTech Quarterly Category Funding

Recent InsurTech Funding Events

Recent InsurTech Exit Events

InsurTech Category Health Insurance

InsurTech Venture Investing Health Insurance

InsurTech Category Funding Quartiles

Health Insurance Funding Over Time

Health Insurance Funding Amount by Round

Health Insurance Funding Large Amounts

About Venture Scanner

Venture Scanner Description

InsurTech Q3 Slideshare End Slide

We are currently tracking 1450 Insurance Technology companies in 14 categories across 61 countries, with a total of $19.5 Billion in funding. Click here to learn more about the full Insurance Technology market report.

Read More...

Insurance Technology Companies Founded by Year - Q3 2017

Venture Scanner

The following graph shows the founding year distribution in the Insurance Technology sector. The graphic includes data through July 2017.

Insurance Technology Companies Founded by Year

The above graph summarizes the number of Insurance Technology companies founded in a certain year. 2015 ranks at the top with around 133 companies founded in that year alone. 2014 is the runner-up with around 131 companies founded in that year.

We are currently tracking 1407 Insurance Technology companies in 14 categories across 61 countries with a total of $19.4 Billion in funding. Click here to learn more about the full Insurance Technology market report.

Read More...

Insurance Technology Funding Trends - Q3 2017

Venture Scanner

The following graphs highlight recent trends in Insurance Technology startup funding activity. The graphics include data through July 2017.

Insurance Technology Funding by Year

The above graph summarizes the total funding raised by Insurance Tech startups for each year. 2014 has the most funding to date at around $6.5B. 

Insurance Technology Funding by Vintage Year

The above graph summarizes the total amount of funding raised by Insurance Tech companies founded in a certain year. Companies founded in 2013 have raised the most funding at around $3.25B.

We are currently tracking 1381 Insurance Tech companies in 14 categories across 61 countries, with a total of $19.1 Billion in funding. Click here to learn more about the full Insurance Technology market report.

Read More...

Insurance Technology Activity by Selected Investors - Q3 2017

Venture Scanner

The following graph summarizes investor activity in the Insurance Technology space. These graphics are made using data through July 2017.

Insurance Technology Activity by Selected Investors

The above analysis summarizes the total number of investment rounds Insurance Technology investors participated in, and the number of unique companies funded by selected investors. Major investors include 500 Startups, First Round, NEA, GV, and Sequoia Capital.

We are currently tracking 1365 Insurance Technology companies in 14 categories across 61 countries, with a total of $18.8 Billion in funding. Click here to learn more about the full Insurance Technology market report. 

Read More...

Insurance Technology Funding by Round - Q3 2017

Venture Scanner

The following two graphs summarize the rounds of funding going into the Insurance Technology space. Please note these graphics are made using data through July 2017.

Insurance Technology Funding Amount by Round

The graph above shows the total amount of VC funding broken out by round. From 2011 to 2016, we saw a steep increase in the overall sector funding, with the total amount peaking in 2015 and declining thereafter. Series A and Series C funding rounds made up most of the funding amount.

Insurance Technology Funding Count by Round

The graph above shows the total count of funding events broken out by round. From 2006 to 2016 we’ve seen a general upward trend that peaked in 2015 and then declined slightly in 2016. Earlier stage funding such as Seed and Series A events make up the majority of funding event counts. 

We are currently tracking 1364 Insurance Technology companies in 14 categories across 61 countries, with a total of $18.9B in funding. Click here to learn more about the full Insurance Technology market report.

Read More...

Insurance Technology Exits by Category and by Year - Q3 2017

Venture Scanner

The following graphs highlight the exit activity in the Insurance Technology sector. The graphics include data through July 2017.

Insurance Technology Exit Activity by Category

The above graph summarizes the number of exits (acquisitions and IPOs) in each Insurance Technology category. The Insurance Infrastructure category leads the sector with 36 acquisitions and 3 IPOs. The Insurance Comparison category is the runner-up with 18 acquisitions and 7 IPOs.

Insurance Technology Exit Activity by Year

The above graph summarizes the number of exits (acquisitions and IPOs) in Insurance Technology by year. 2016 currently leads the sector with 37 acquisitions. 2015 and 2017 are the runner-ups with 18 acquisitions each.

We are currently tracking 1347 Insurance Technology companies in 14 categories across 61 countries, with a total of $18.9B in funding. Click here to learn more about the full Insurance Technology market report.

Read More...

Average and Median Age by Insurance Technology Category - Q3 2017

Venture Scanner

The following graph shows average and median age in the Insurance Technology sector. The graphic includes data through July 2017.

Insurance Technology Age by Category

The above graph summarizes the average age and median age of companies in each Insurance Technology category. The Reinsurance category ranks as the most mature Insurance Technology category with an average age of 22 years and a median age of 17 years. The Life, Home, P&C Insurance category comes in as the second oldest category, with an average age and a median age of 13 years for each.

We are currently tracking 1333 Insurance Technology companies in 14 categories across 61 countries, with a total of $18.9 Billion in funding. Click here to learn more about the full Insurance Technology market report.

Read More...

Insurance Technology Companies Founded by Year - Q3 2017

Venture Scanner

The following graph shows the founding year distribution in the Insurance Technology sector. The graphic includes data through April 2017.

Insurance Technology Companies Founded by Year

The above graph summarizes the number of Insurance Technology companies founded in a certain year. 2015 ranks at the top with around 123 companies founded in that year alone. 2014 is the runner-up with around 120 companies founded in that year.

We are currently tracking 1317 Insurance Technology companies in 14 categories across 61 countries with a total of $18.8 Billion in funding. Click here to learn more about the full Insurance Technology market report.

Read More...

Insurance Technology Funding by Round - Q2 2017

Venture Scanner

The following two graphs summarize the rounds of funding going into the Insurance Technology space. Please note these graphics are made using data through April 2017.

Insurance Technology Funding Amount by Round

The graph above shows the total amount of VC funding broken out by round. In recent years, we’ve seen a large increase in the amount of Series A and Series C funding events. The amount of Series B and Series D funding events have seen some growth as well.

Insurance Technology Funding Count by Round

The graph above shows the total count of funding events broken out by round. We’ve seen a general upward trend which peaked in 2015 and then declined a bit. Earlier stage deals (Seed, Series A, Series B) have seen the largest growth in the number of funding events.

We are currently tracking 1292 Insurance Technology companies in 14 categories across 62 countries, with a total of $18.7 Billion in funding. Click here to learn more about the full Insurance Technology market report.

Read More...

Insurance Technology Exits by Category and by Year - Q2 2017

Venture Scanner

The following graphs highlight the exit activity in the Insurance Technology sector. The graphics include data through April 2017.

Exit Activity by Category in Insurance Category

The above graph summarizes the number of exits (acquisitions and IPOs) in each Insurance Technology category. The Insurance Backend category leads the sector with 28 acquisitions and 4 IPOs. The Insurance Comparison category is the runner-up with 17 acquisitions and 7 IPOs.

Exit Activity by Year in Insurance Technology

The above graph summarizes the number of exits (acquisitions and IPOs) in Insurance Technology by year. 2016 currently leads the sector with 33 acquisitions. 2014 and 2015 are the runner-ups with 15 exits each.

We are currently tracking 1281 Insurance Technology companies in 14 categories across 62 countries, with a total of $18.5B in funding. Click here to learn more about the full Insurance Technology market report.

Read More...

Average and Median Age by Insurance Technology Category - Q2 2017

Venture Scanner

The following graph shows average and median age in the Insurance Technology sector. The graphic includes data through April 2017.

Average and Median Age by InsurTech Category

The above graph summarizes the average age and median age of companies in each Insurance Technology category. The Reinsurance category ranks as the most mature Insurance Technology category with an average age of 21 years and a median age of 16 years. The Life, Home, P&C Insurance category comes in as the second oldest category, with an average age and a median age of 14 years for each.

We are currently tracking 1256 Insurance Technology companies in 14 categories across 62 countries, with a total of $18.2 Billion in funding. Click here to learn more about the full Insurance Technology market report.

Read More...

Where in the world are Insurance Technology startups? Q2 2017

Venture Scanner

The analyses below summarize where Insurance Technology (Insurtech) innovations are occurring. The graphic includes data through April 2017.

Insurtech Company Count by Country Q2 2017

The above map shows the number of Insurtech companies located in different countries. The United States ranks as the top country with around 675 companies.

Insurtech VC Funding by Country Q2 2017

The above map shows the amount of total Insurtech startup venture capital funding in different countries. The United States has the most VC funding at around $8B.

We are currently tracking 1,234 Insurtech companies in 14 categories across 61 countries, with a total of $18B in funding. Click here to learn more about the full Insurance Technology market report.

Read More...

Insurance Technology Companies Founded by Year - Q2 2017

Venture Scanner

The following graph shows the founding year distribution in the Insurance Technology sector. The graphic includes data through April 2017.

Insurance Technology Companies Founded by Year

The above graph summarizes the number of Insurance Technology companies founded in a certain year. 2015 ranks at the top with around 123 companies founded in that year alone. 2014 is the runner-up with around 120 companies founded in that year.

We are currently tracking 1232 Insurance Technology companies in 14 categories across 61 countries with a total of $18 Billion in funding. Click here to learn more about the full Insurance Technology market report.

Read More...

Insurance Technology Funding by Round - Q1 2017

Venture Scanner

The following two graphs summarize the rounds of funding going into the Insurance Technology space. Please note these graphics are made using data through January 2017.

Insurance Technology Funding Amount by Round

The graph above shows the total amount of VC funding broken out by round. In recent years, we’ve seen a large increase in the amount of Series A and Series C funding events. The amount of Series B and Series D funding events have seen some growth as well.

Insurance Technology Funding Count by Round

The graph above shows the total count of funding events broken out by round. We’ve seen a general upward trend which peaked in 2015 and then declined a bit. Earlier stage deals (Seed, Series A, Series B) have seen the largest growth in the number of funding events.

We are currently tracking 1185 Insurance Technology companies in 14 categories across 60 countries, with a total of $17.8 Billion in funding. Click here to learn more about the full Insurance Technology market report.

Read More...

Insurance Technology Exits by Category and by Year - Q1 2017

Venture Scanner

The following graphs highlight the exit activity in the Insurance Technology sector. The graphics include data through January 2017.

Exit Activity by Category in Insurance Technology

The above graph summarizes the number of exits (acquisitions and IPOs) in each Insurance Technology category. The Insurance Infrastructure/Backend category leads the sector with 20 acquisitions and 4 IPOs. The Insurance Comparison category is the runner-up with 14 acquisitions and 7 IPOs.

Exit Activity by Year in Insurance Technology

The above graph summarizes the number of exits (acquisitions and IPOs) in Insurance Technology by year. 2016 currently leads the sector with 22 acquisitions. 2014 is the runner-up with 10 acquisitions and 3 IPOs.

We are currently tracking 1145 Insurance Technology companies in 14 categories across 57 countries, with a total of $17.5B in funding. Click here to learn more about the full Insurance Technology landscape report and database.

Read More...