Insurance Technology – Page 3

Insurtech Funding per Deal Sees Upward Trend

The pandemic and resulting economic toll has presented challenging headwinds for startups. In this post we look back on Q2 ending funding trends for insurtech startups to determine the trajectory of innovation in this emerging technology sector.

Venture Scanner Innovation Quadrants

Our Innovation Quadrants are a framework to guide you in the startup research and scouting process. The Innovation Quadrant organizes emerging technology categories into four states of innovation by plotting the categories on two axes. One axis uses average age to show maturity. The other uses average funding to give a sense of traction.

Insurtech Q1 2020 Exit Activity

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The below chart summarizes insurtech year-to-date exit activity compared to last year. There were 9 exits in Q1 2020, which is a 125% increase from Q1 2019. A quarter of the way through 2020, and we are at 38% of the 2019 full-year exit activity.

Venture Scanner Innovation Quadrants

Venture Scanner Sector Maps

Our sector maps are snapshots of our emerging technology research areas. We show the categories that make up a sector and a random sampling of the startups that are innovating in each category. In this post we share our most up-to-date sector maps for all of our 17 sector reports. They are all available for download.

Insurtech Q1 2020 Funding

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The below chart summarizes insurtech year-to-date funding compared to last year. As you can see, Q1 2020 funding closed at $750M, which is a 54% drop from Q1 2019. A quarter of the way through 2020, and we are at 11% of the 2019 full-year funding amount.

Insurtech 2019 Exit Activity Established New Baseline

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As part of our research process, we track and analyze exit developments within the sector. The below chart shows insurtech exit activity over time. As you can see, insurtech exit activity increased steadily from 2015 through 2017, and then dropped. 2019 finished with 22 insurtech exits.

Insurtech 2019 Funding Hit Historic High

Insurance Technology Venture Scanner 3

The below chart shows insurtech funding over time and calls out the largest funding round in recent years. As you can see, insurtech funding had steady growth from 2016 through 2018, followed by a big bump in 2019 to $6.6B.

Venture Scanner Innovation Quadrants

Our Innovation Quadrants are a framework to guide you in the startup scouting process. The Innovation Quadrant organizes emerging technology categories into four states of innovation by plotting the categories on two axes. One axis uses average age to show maturity. The other uses average funding to give a sense of traction.

Venture Scanner Sector Maps

Our sector maps are snapshots of our emerging technology reports. We show the categories that make up a sector and a random sampling of the startups that are innovating in each category. In this post we share our most up-to-date sector maps for all of our 17 sector reports. They are all available for download.