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The insurance technology (insurtech) sector has seen much technological and investment development over the past few years. Traditional insurance business lines such as health, auto, and commercial are being revolutionized by new digital-centric startups. New technologies such as AI and IoT are re-architecting insurance data, the underpinning of the insurance industry. New business models, such as P2P and on-demand insurance, are disrupting the entire ecosystem on all fronts.
For this quarter's funding analysis, let's examine how average funding in the insurance technology (insurtech) sector is evolving. The graphic below shows the insurtech average funding across all deals over time by quarter.
This blog post examines the different components of the insurance technology (insurtech) 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.
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.
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.
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