Insurance Technology Exit Activity Declined in 2018

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As we make our way through Q1 of 2019, let's look back on 2018 and analyze how exit activity for insurance technology (insurtech) compares to previous years. The graphic below shows total annual insurtech exit events over time.

Insurance Technology Exits Over Time

As the graphic demonstrates, 2018 saw a drop in insurtech exit activity compared to the previous year. The 22 exit events in 2018 represent a 44% decrease from the 39 exit events in 2017, which was the highest year on record for exit activity. However, insurtech exits are still on a general upward trend, with a 5-year CAGR of 22% from 2013 to 2018. 

To learn more about our complete insurance technology dynamic report, visit us at www.venturescanner.com or contact us at [email protected].

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Insurtech Investors With the Most Activity

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The insurance technology (insurtech) industry has seen $27B in total all time funding. Let's analyze the investors making bets into insurtech and identify the most active firms. 

The graphic below shows insurtech investors based on their number of investments into the sector. If an investor participates in two investment rounds in the same company (such as a Series A and Series B), that would qualify as two investments for this graphic.

InsurTech Investors With Most Investments

As the graphic demonstrates, 500 Startups has made the most bets in the insurtech sector with 39 investments. Plug and Play follows in second place with 27 investments. Examples of companies 500 Startups invested in include Kin Insurance, Indio Technologies, Embroker, and Jones. Let's see which investors make their way onto this list in 2019!

To learn more about our complete insurance technology dynamic report, visit us at www.venturescanner.com or contact us at [email protected].

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Insurtech Funding Remained Stable in 2018

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Now that 2018 is complete, let’s examine how funding in insurance technology (insurtech) compares to previous years. The graphic below shows the total annual insurtech funding amounts over time. 

InsurTech Annual Funding Over Time

As the graphic demonstrates, insurtech funding in 2018 was around the $3.8B mark. It represents a meager 2% increase from the previous year’s funding. Some of the largest funding events in 2018 include a $375M Corporate round for Oscar Health, a $300M Series B for Devoted Health, a $200M Series F for Policybazaar, and a $200M Series C for Bright Health. Nonetheless, insurtech funding grew at a CAGR of 18% from 2013 to 2018. We’re now eager to see if its funding can break away from its relatively steady state and into a growth phase again!

To learn more about our complete insurance technology dynamic report, visit us at www.venturescanner.com or contact us at [email protected].

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Insurance Technology Report Highlights  – Q4 2018

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Here is our Q4 2018 summary report on the insurance technology startup sector. The following report includes a sector overview and recent activity.

Insurance Technology Slideshare Title

Insurance Technology Quarterly Highlights

Insurance Technology Sector Summary

Insurance Technology Sector Map

Insurance Technology Innovation Quadrant

Insurance Technology Funding Over Time

Insurance Technology Funding by Category

Insurance Technology Investors Over Time

Insurance Technology Exits Over Time

About Venture Scanner

Insurance Technology Slideshare End

To learn more about our complete insurance technology dynamic report, visit us at www.venturescanner.com or contact us at [email protected].

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Insurance Technology Sector Overview - Q3 2018

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The insurance technology sector has seen stable funding in recent years. This blog post examines the different components of the insurtech sector and how they make up this startup ecosystem. We will illustrate what the categories of innovation are and which categories have the most companies. We will also compare the categories in terms of their funding and maturity.

Insurance Marketplace Is the Largest Insurance Technology Category

Let’s start off by looking at the Sector Map. We have classified 1519 insurance technology startups into 14 categories that have raised $25 billion. The Sector Map highlights the number of companies in each category. It also shows a random sampling of companies in each category.

Insurance Technology Sector Map

We see that Insurance Comparison and Marketplace is the largest category with 415 companies. These companies enable consumers to compare different insurance providers or buy insurance of any kind (car to home to health). Some example companies are Goji, Policygenius,...

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Health Insurance Category Leads Insurance Technology Funding

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We’ve previously highlighted that insurtech funding has remained stable in recent years. When we take a closer look at the funding trends per insurtech category, we notice that the Health Insurance category leads in both Q3 and overall funding.

We’ll highlight this observation with some graphics and discussions below.

The Health Insurance Category Leads Insurance Technology In Q3 Funding

To start off, let’s review the amount of funding raised this quarter per category within insurance technology.

Insurance Technology Latest Quarter Category Funding

The above graphic highlights that the Health Insurance category leads the sector in Q3 funding with $480M. Its funding is 2.4 times the funding of the next category, Auto Insurance at $204M.

Health Insurance contains companies that offer health-related insurance products for consumers and businesses. Some example companies in this category include HealthSherpa, GoHealth, Oscar, and Stride Health.

Let’s now investigate how the insurtech categories’ funding...

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Insurance Technology Startup Highlights  – Q3 2018

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Here is our Q3 2018 summary report on the insurance technology startup sector. The following report includes a sector overview and recent activity.

Insurance Technology Slideshare Title

Insurance Technology Splash Slide

Insurance Technology Sector Map

Insurance Technology Innovation Quadrant

Insurance Technology Funding by Category

Insurance Technology Funding Over Time

Insurance Technology Funding Round Counts

Insurance Technology Exits Over Time

Insurance Technology Company Count by Country

About Venture Scanner

Insurance Technology Slideshare End

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

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Mid-Year Insurance Technology Exits Analysis

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Our recent insurance technology quarterly highlights provided a state of the sector summary. Now we're performing a deep dive examination of insurtech exits to see how things are shaping up on the M&A and IPO front.

Based on analysis on our insurance technology research platform, we see that exit activity in the first half of 2018 is trending down from the previous two years.

2018 Mid-Year Insurance Technology Exit Activity Lower Than 2017 And 2016

Let’s take a closer look at the number of insurance technology exit events by year.

The above graphic shows 13 exits in the first half of 2018. For the past three years, Q3 and Q4 accounted for 53% of total exit events on average. If that trend holds, 2018 exits will finish the year lower than 2017 and 2016, but higher than 2015. We'll see if the second half of the year changes this trend!

To learn more about our complete insurance technology report and research platform, visit us at www.venturescanner.com or contact us...

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Insurance Technology Startup Highlights  – Q2 2018

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Here is our Q2 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 Splash Slide

Insurance Technology Sector Map

Insurance Technology Innovation Quadrant

Insurance Technology Total Category Funding

Insurance Technology Quarterly Funding Over Time

Insurance Technology Funding Round Counts

Insurance Technology Quarterly Exits Over Time

Insurance Technology Company Count by Country

Life, Home, P&C Insurance Deep Dive

Insurance Technology Venture Investing

Insurance Technology Category Funding Quartiles

Life, Home, P&C Insurance Annual Funding Amounts

Life, Home, P&C Insurance Companies with Largest Funding Amounts

About Venture Scanner

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].

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Insurtech Funding Analysis by Category

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Last quarter we discovered that the insurance technology sector is showing early signs of maturation. This quarter we are delving deeper on our insurtech report and research platform to examine funding by category. From this analysis, we conclude that the Insurance Comparison and Health Insurance categories lead the sector in category funding.

This conclusion comes from three key observations:

  • Insurance Comparison leads the sector in Q2 funding
  • Health Insurance dominates all-time insurtech category funding
  • Insurance Comparison has the highest funding growth percentage

We’ll explain these key observations with some graphics and discussions below.

Insurance Comparison Leads Insurtech in Q2 Funding

To start off, let’s study the insurance technology funding amounts by category in Q2.

Insurance Technology Current Quarter Category Funding

The above graphic shows that Insurance Comparison leads the sector in Q2 2018 funding. Insurance Comparison raised the most funding last quarter with $323M. Health Insurance came in second...

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Insurance Technology Sector Overview - Q1 2018

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The insurance technology sector has seen an abundance of activity over the past few years. As we previously analyzed, insurtech funding has shown early signs of maturation and its exit events have seen robust growth.

We will now do a deeper dive of the different components of insurance technology and how they make up this startup ecosystem. We have classified the companies into 14 categories. This blog post will illustrate what these categories are and which categories have the most companies. We will also look at how these categories compare with one another in terms of their funding and maturity.

Insurance Marketplace Is the Largest Insurance Technology Category

Let’s start off by looking at the Sector Map for the insurance technology sector. As of March 2018, we have classified 1503 insurance technology startups into 14 categories that have raised $22 billion. The Sector Map highlights the number of companies in each category. It also shows a random sampling of companies in...

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Insurance Backend and Auto Insurance Categories Lead Insurtech Exit Activity

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Last quarter we reviewed insurance technology exit activity and saw its healthy upward trend. We are now going one step further on our insurtech report and research platform to examine exits by category. We conclude that the Insurance Backend and Auto Insurance categories are at the forefront of insurtech exit activity.

This conclusion was derived from two key data points:

  • The Insurance Backend category leads in the number of exits
  • The Auto Insurance category leads in acquisition amount

We’ll explore these takeaways in some more detail below.

To help set the stage, the graphic below shows insurtech exit activity over time. As you can see, the sector’s exit activity grew significantly over the past few years with a slight drop in 2017 from 2016.

Insurance Technology Exits by Quarter

Insurance Backend Leads Insurtech in the Number of Exits

The below graph highlights the number of insurtech exit events by category.

Insurance Technology Exits by Category

This graph shows that the Insurance Backend category leads the sector with 50 exit events....

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Insurance Technology Startup Highlights  – Q1 2018

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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].

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Insurance Technology Showing Early Signs of Maturation

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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...

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Insurance Technology Funding Continues on a Healthy Trend

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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...

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Insurance Technology Sector Overview - Q4 2017

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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...

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Insurtech Exit Activity Growing Over Time

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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...

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Insurance Technology Startup Market Highlights  – Q3 2017

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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.

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Insurance Technology Companies Founded by Year - Q3 2017

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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.

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Insurance Technology Funding Trends - Q3 2017

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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.

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