Insurtech investments fell by 79.6% in 2021, leading to job losses and tough economic conditions in 2022, according to GlobalData. This is the latest in a series of stories about insurtechs struggling in 2022. Lemonade, for example, recently reduced Metromile’s workforce by 20% after completing the acquisition of the insurtech in August 2022, despite previously… Continue reading GlobalData Says Insurtech Investment Fell by 80% in 2021
Tag: insurtech investments
2020 Sees Record-High InsurTech Funding of $7.1B
Despite the challenges faced by the (re)insurance sector in 2020 and the relatively slow start to InsurTech funding for the year, global investment in the sector reached a new accumulated annual high of $7.1 billion for 2020, through 377 deals, the most in any year to date, according to the new Quarterly InsurTech Briefing from… Continue reading 2020 Sees Record-High InsurTech Funding of $7.1B