The Insurtech M&A Market Report from international technology mergers and acquisitions advisors, Hampleton Partners, reveals that 2018 global fundraising for insurtech start-ups has already reached an all-time high in volume with 204 deals and transaction values of $2.6bn, close to the 2015 peak of $2.7bn. Since 2016 the insurtech sector has reported 151 transactions, with… Continue reading $2.6 Billion Investment in InsurTech Helps Drive Fintech Boom
Tag: Insurtech
FinTech Global Says Over $7B Invested in InsurTech Solution Providers Since 2015
The world’s most innovative providers of technology solutions for the global insurance industry have been announced on this year’s InsurTech 100 list. InsurTech (insurance technology) is one of the largest and most active sectors within the FinTech space. According to FinTech Global, over $7bn has been invested in InsurTech solution providers since 2015 as insurance… Continue reading FinTech Global Says Over $7B Invested in InsurTech Solution Providers Since 2015
Willis Towers Watson and Plug and Play Announce Global InsurTech Partnership
Willis Towers Watson, a leading global advisory, broking and solutions company, today announced an international InsurTech partnership with Plug and Play, a global innovation platform. This agreement expands upon the two companies existing partnership by extending Willis Towers Watson’s access to early stage InsurTech start-ups across all of Plug and Play’s InsurTech platforms, which include… Continue reading Willis Towers Watson and Plug and Play Announce Global InsurTech Partnership
Plenty of Money for Insurtechs, But Fewer New Entrants: Deloitte
Insurtech investment is likely to remain vigorous, but strategic, according to Deloitte’s newest report. The “Insurtech Entering its Second Wave” report, which includes data from the Venture Scanner database, finds that investors will shift their focus from new startups to established innovators and more mature firms. The tactical change may have appeared due to the… Continue reading Plenty of Money for Insurtechs, But Fewer New Entrants: Deloitte
Insurance Startups Have Raised Billions as Industry Players Fight Tech Disruptors
The once sleepy world of insurance has become the hot ticket for venture investors. Insurance technology companies have raised multiple billions of dollars in the past four years as venture capitalists finance industry disruptors and enabling technologies for established players to fend off new technology-based challengers. In the month since tech-enabled car insurance startup Root… Continue reading Insurance Startups Have Raised Billions as Industry Players Fight Tech Disruptors
InsurTech Transactions Reach New Peak in Q2
A total of 71 InsurTech funding transactions during the second quarter of 2018 marks a record high; however, the total of $579 million invested is down 20% against the prior quarter, according to the new Quarterly InsurTech Briefing from Willis Towers Watson, the leading global advisory, broking and solutions company. Q2 also set a new… Continue reading InsurTech Transactions Reach New Peak in Q2
Insurance Industry Needs to Respond Proactively to Changing Market Dynamics to Benefit from Promising Opportunities
Swiss Re sees some of the current improvements in the overall market environment as a chance for the insurance sector to embrace new market dynamics; for example, the increased use of digital solutions. Swiss Re expects companies that respond proactively with more relevant solutions and services in support of their customers’ goals to benefit most… Continue reading Insurance Industry Needs to Respond Proactively to Changing Market Dynamics to Benefit from Promising Opportunities
Zurich Insurance Launches Global Start-Up Competition for Best-in-Class Customer Solution Innovations
As an element of its customer-led strategy, Zurich Insurance Group (Zurich) has launched the Zurich Innovation World Championship, its new global competition to collaborate with the brightest and best start-ups and entrepreneurs in the insurtech space. The Championship, which focuses on start-ups with established products or services, will provide the winners with the opportunity to… Continue reading Zurich Insurance Launches Global Start-Up Competition for Best-in-Class Customer Solution Innovations
Insurtech-based Premiums to Exceed $400 Billion by 2023, Representing 7% of Global Insurance Market
A new study from Juniper Research has found that insurance premiums generated by emerging insurtech services will exceed $400 billion by 2023, up from an estimated $187 billion in 2018. The research found that insurtech platforms will equip insurers to meet the challenges of diminishing margins and increased competition, creating an opportunity insurers cannot ignore… Continue reading Insurtech-based Premiums to Exceed $400 Billion by 2023, Representing 7% of Global Insurance Market