Insurtech Funding in 2024: Stabilization Trends, Insights & Key Drivers
Venture capital funding in insurtech startups is stabilizing, driven by breakout-stage startups in Series B and C. Projections indicate it will reach $4.2 bn
InsurTech evolution
Insurtechs are the driving force of this evolution, and investors are taking note. Venture capital (VC) investment has grown faster than the more mature private-equity or public-markets funding. Private-equity investors are increasingly looking to invest sooner, further increasing the amount of capital flowing into the market.
This has created significant pressure on insurtechs to scale—and to do so quickly. While some insurtechs may choose to merge with incumbents, others will focus on scaling independently. The path to accelerating growth differs depending on the type of insurtech player. In this post, we focus on two common types: emerging carriers and distributors, and ecosystem players.
In this section, we have collected the most current articles and reviews on the topic of the InsurTech evolution.
State of Insurtech in Latin America: 2024 Funding & Ecosystem
Insurtech funding in Latin America hit a historic low of $26 mn in the first half of 2024, a 78% drop from the same period in 2023
11 Key Recommendations from Insurtech UK for Policymakers
Insurtech UK has released a roadmap with recommendations for policymakers to maintain and enhance the UK’s leadership in insurance innovation
Global InsurTech Funding in Q1 2024: Role of AI in Insurance
Global InsurTech funding fell to USD912.25 million in Q1’2024, the lowest since Q1’2020. The industry saw no quarterly USD100 million+ mega-round deals
2024’s Top-Performing Insurance and InsurTech Stocks
InsurTech companies rank among the top-performing US insurance stocks in early 2024. The US insurance technology space has grounds for optimism
Why Insurers Go to Online Insurance, Telematics & Artificial Intelligence?
Though the stock market is still driven by enthusiasm for artificial intelligence, businesses devoted to insurtech, or the revolution of insurance through technology
UK InsurTech Sector: What is the Key Success UK Startups?
The United Kingdom is positioned as a global leader in the field of insurtech. A flourishing ecosystem of start-ups, investors, and incumbents is working together
InsurTech`s evolution and investment landscape. Categories startups & VCs
InsurTech Startups are developing new approaches to traditional activities, such as underwriting and claims management. Categories startups
InsurTech Startups Will Recalibrate Strategy. New Trends for Growth
As tighter VC funding cycles and recessionary pressures are being felt across the broader economy, we can expect insurtechs to face even more scrutiny
Global InsurTech Data Highlights: VC Investments, Deal Size & Funding
According to Global InsurTech Report, 2024 began with a lot of uncertainty, with a number of macro factors impacting venture capital & InsurTech
InsurTech Has Failed to Disrupt the Insurance Industry
The idea that the centuries-old insurance industry is ripe for disruption by new technology has been pulling in investors and entrepreneurs for years
How InsurTech & FinTech Leaders Avoid Burnout & Overwhelm?
Insurance is a stressful game, especially if you’re in a leadership role. It’s unlikely that as a insurtech founder, you’re adverse to challenges, setbacks, or obstacles
The Future of Insurance, InsurTech & 5G in a IoT-connected Ecosystem
As 5G towers begin to conspicuously populate our communities, we ask what the technology will mean for the insurance industry
InsurTech Outlook: Moving from Infrastructure Investment to Value
Insurers have frequently taken a piecemeal approach to technology modernization, transforming system by system, function by function, and app by app
InsurTech Market Will Reach of $165 bn in 2032. The Key Growth Drivers
Insurtech market is forecasted to reach a net worth of US$ 165.4 Bn in 2032 from a mere market value of US$ 12.5 Bn1
How will 5G affect finance industry? The global economic impact & evolution
5G will be a key part of companies’ new operating environment and technology toolkit, but to realise the technology’s potential productivity and efficiency gains
Integrating real-time data analytics through big datasets, AI, and ML technologies empowers companies to detect high-risk policies before solidifying agreements
In 2025, the best automated mail sorters will transform how insurance professionals sort and distribute communications, enhancing speed and reducing human error
Generative artificial intelligence (Gen AI) is no longer a futuristic concept. AI’s potential to amplify systemic risks, such as through polymorphic malware or AI-targeted data breaches
Insurance Europe has urged the European Commission (EC) to withdraw its proposed Artificial Intelligence Liability Directive (AILD), arguing that it could lead to legal innovation