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 Market
Global insurtech market is expected to grow at a compound annual growth rate of 52.7% from 2024 to 2030 to reach USD 152.43 bn by 2030. The increasing number of insurance claims worldwide is one of the major factors accentuating the market growth. Auto, life, and home are the most common insurance claims secured by people worldwide.
Insurance companies are increasingly investing in digital technologies to reduce operational costs and to improve operational efficiency and the entire customer experience. Digital technologies are used to understand customer needs and to enhance their offerings based on the changing customer needs.
In this section, we have collected the most current articles and reviews on the topic of the InsurTech Market.
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 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 Investment Trends. Top 20 InsurTech Investors
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 & InsurTech Funding Highlight & Investment Trends
Global fintech funding reached $75.2B — marking a 46% drop, but up 52%. Insurtech M&A exits rose 40% to 81
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
InsurTech Market Faces a Valuation Decline. How Insurers Can Take Advantage?
For nearly a decade, insurtechs have experienced rapid growth and skyrocketing valuations. But in 2022, investors’ optimism tempered by compounding pressure
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
10 Biggest US-based InsurTech Funding Rounds
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
Insurance Brokers & InsurTechs Must Stop Expecting Customers to Сheck for Inefficiencies
Insurance Brokers need to stop expecting customers to pick up the cheque for their inefficiencies” is a statement I’ve found myself making more and more in recent months
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
InsurTech Market Outlook for 2032
The insurtech market is forecasted to reach a net worth of US$ 165 Bn in 2032 from a mere market value of US$ 12.5 Bn in 2021
100 InsurTech Startups List that Transforming the Global Insurance Industry
The new InsurTech100 list recognizes the world’s innovative technology providers that address the digital transformation in insurance
InsurTechs Need to Keep Pace with the Demand Through Sustainable Unit Economics
Insurtech companies need to keep pace with the demand they have created through sustainable unit economics and wise risk management
Lloyd’s Lab accelerator has become a major force in insurance innovation, securing over $1 bn to support startups transforming the industry, launching 6 years ago
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
Venture capital funding for generative AI startups is on track to exceed 2023's record-breaking levels. In the first three quarters of 2024, GenAI startups raised over $20 bn
Insurance claims management software can streamline intake, evaluation, validation, payouts and closure. Unfortunately, not all platforms are built to the same standard