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InsurTech Market

14 posts

Global insurtech market is expected to grow at a compound annual growth rate of 52.7% from 2023 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.

UK InsurTech Sector: What is the Key Success UK Startups?

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 in 2023. New Trends for Growth

InsurTech Startups Will Recalibrate Strategy in 2023. New Trends for Growth

In 2023, 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

Global InsurTech Investment Trends. Top 20 InsurTech Investors

2022 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 & InsurTech Funding Highlight & Investment Trends

Global fintech funding reached $75.2B in 2022 — marking a 46% drop from 2021, but up 52% compared to 2020. Insurtech M&A exits rose 40% in 2022 to 81
Global InsurTech Data Highlights 2023: VC Investments, Deal Size & Funding Rounds

Global InsurTech Data Highlights 2023: VC Investments, Deal Size & Funding Rounds

Global re/insurance brokerage firm WTW 4% has reported organic revenue growth to $8.866 billion, as net income for the year declined by 74% to $1.024 billion
InsurTech Has Failed to Disrupt the Insurance Industry

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 of This?

InsurTech Market Faces a Valuation Decline. How Insurers Can Take Advantage of this Situation?

For nearly a decade, insurtechs have experienced rapid growth and skyrocketing valuations. But in 2022, investors’ optimism tempered by compounding pressure
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Insurance & InsurTech NEWS
  • Insurtech Delos Insurance raised $7.3 mn seed extension round
  • Insurtech Ripe acquired specialist boat insurer Craftinsure
  • Logpoint uncovered the Akira infection chain through malware analysis
  • Aviva acquired of AIG Life UK from Corebridge Financial of £460 mn
  • Insurtech NEXT Insurance offered fully customize coverage quotes for agents
  • Continental Assist partnered with parametric insurtech Baoba
  • California’s home insurers paid out more than they collected in premiums
  • Insurtech Authentic sequred $5.5 mn in seed round to launch captive insurance platform

Solvency II for EU & UK Insurance: Review Are Approaching Completion

Solvency II for EU & UK Insurers: Review Are Approaching Completion

The multi-year reviews of Solvency II in the EU and the UK are approaching completion, despite the very different macroeconomic environment
Challenges for Cyber Insurance Market's Growth Potential

Challenges for Cyber Insurance Market’s Growth Potential

The realisation of the cyber market's growth potential is tied to geopolitics and macroeconomics, but also sme penetration, tail-risk management
New Trends in the Use Crypto by Criminals

New Trends in the Use Crypto by Criminals

Being at the forefront of helping businesses and agencies detect crypto crime, Elliptic routinely researches new trends in how criminals are using crypto for illicit activitie
US P&C Insurance Industry Generates Underwriting Losses

US P&C Insurance Generates Underwriting Losses in 1H2023

US P&C insurance industry continued to generate significant underwriting losses in 1H2023 despite strong premium growth

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