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
InsurTech Funding Rounds review on Beinsure Media focuses on investment activities within the insurance technology sector. This category tracks the latest funding rounds, including venture capital, private equity, and other financial investments in InsurTech companies. It provides updates on which startups are securing capital, the amounts raised, and the investors involved.
The content aims to offer insights into the financial health and growth potential of emerging InsurTech firms, reflecting broader trends and shifts in the insurance technology landscape. This category is essential for stakeholders seeking to understand investment patterns, market dynamics, and the evolving landscape of insurance technology innovations.
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
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
As tighter VC funding cycles and recessionary pressures are being felt across the broader economy, we can expect insurtechs to face even more scrutiny
2023 was a truly global year for InsurTech investing with 1,528 international investors participating in 521 deals, raising a total of almost $8 billion
Global fintech funding reached $75.2B — marking a 46% drop, but up 52%. Insurtech M&A exits rose 40% to 81
According to Global InsurTech Report, 2024 began with a lot of uncertainty, with a number of macro factors impacting venture capital & InsurTech
Emerging capabilities including telematics, artificial intelligence, machine learning, and automation have transformed nearly every aspect of the insurance value chain
Big funding rounds in InsurTech Sector seemed to slow down, as only one U.S.-based startup saw a round of more than a $250 mn