Insurance Technology Funding Trends – Q1 2017

The following graphs highlight recent trends in Insurance Technology (InsurTech) funding activity.

insurance-technology-funding-over-time

The above graph summarizes the total funding raised by InsurTech startups for each year. 2014 is the best year so far with just over $6B in funding. 2015 comes in at second place with just under $4B in funding.

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The above graph summarizes the total amount of funding raised by InsurTech companies founded in a certain year. Companies founded in 2013 have raised the most funding at around $2.6B, followed by those founded in 2014 which have raised about $1B.

We are currently tracking 1,022 Insurance Technology companies in 14 categories across 54 countries, with a total of $17 Billion in funding. Click here to learn more about the full Insurance Technology report and database.

Insurance Technology Funding by Type – Q4 2016

The following two graphs summarize the types of funding going into the Insurance Technology space. Please note these graphics are made using 2016 data through October.

InsurTech Funding by Type by Year - Amount
InsurTech Funding by Type by Year – Amount

The graph above shows the total amount of VC funding broken out by type. In recent years, we’ve seen a large increase in the amount of Series A and Series C funding events. The amount of Series B and Series D funding events have seen some growth as well.

InsurTech Funding by Type by Year- Event
InsurTech Funding by Type by Year- Event
The graph above shows the total count of funding events broken out by type. We’ve seen a general upward trend over the past few years. Earlier stage deals (Seed, Series A, Series B) have seen the largest growth in the number of funding events.

We are currently tracking 1020 Insurance Technology companies in 14 categories across 54 countries, with a total of $17B in funding. Click here to learn more about the full Insurance Technology landscape report and database.

Insurance Technology Startup Exit Activity – Q4 2016

The following two graphs show exit activity in the Insurance Technology sector. The graphics include data through October 2016.

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Exit Activity by Category in Insurance Technology

The above graph summarizes the number of exits (acquisitions and IPOs) in each Insurance Technology category. The Insurance Infrastructure category is leading the sector with 20 exits, followed by the Insurance Comparison and Life & Home Insurance categories.

insurance-technology-exits-by-year
Exit Activity by Year in Insurance Technology
The above graph summarizes the number of exits (acquisitions and IPOs) in the Insurance Technology sector by year. 2016 leads the sector with 17 exit events, followd by 2014 with 12 exit events.

We are currently tracking 1020 Insurance Technology companies in 14 categories across 54 countries, with a total of $17B in funding. Click here to learn more about the full Insurance Technology landscape report and database.

Venture Investing In Insurance Technology – Q1 2017

Venture Investing In Insurance Technology - Q1 2016
Venture Investing In Insurance Technology – Q1 2016

The above graph compares the total venture funding in each Insurance Technology category to the number of companies in the category. The Health/Travel Insurance category leads the sector in total funding at $9B. The Insurance Comparison category takes the lead in company count, with around 275 startups.

We are currently tracking 1,014 Insurance Technology companies in 14 categories across 54 countries, with a total of $17B in funding. Click here to learn more about the full Insurance Technology landscape report and database.

Where in the World are Insurance Technology Startups? – Q4 2016

The analyses below summarize where Insurance Technology innovations are occurring.

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Insurance Technology Company Count by Country

The above map shows the number of Insurance Technology companies located in different countries. The United States ranks as the top country with around 556 companies.

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Insurance Technology VC Funding by Country
The above map shows the amount of total Insurance Technology startup venture capital funding in different countries. The United States has the most VC funding at around $7.1B.

We are currently tracking 1013 Insurance Technology companies in 14 categories across 53 countries, with a total of $16.9 Billion in funding. Click here to learn more about the full Insurance Technology landscape report and database.

Average Funding by Insurance Technology Category – Q4 2016

insurtech-average-funding

The above analysis summarizes the average company funding in each Insurance Technology category. The Life, Home, and P&C category leads the sector with around $350M in average funding per company, followed by the Auto Insurance category with just over $200M in average funding per company.

We are currently tracking 1,010 Insurance Technology companies in 14 categories across 53 countries, with a total of $16.7 Billion in funding. Click here to learn more about the full Insurance Technology landscape report and database.

Insurance Technology Companies Founded by Year – Q4 2016

Insurance Technology Startups Founded by Year

The above graph summarizes the number of Insurance Technology companies founded in a certain year. 2015 ranks at the top with around 95 companies founded in that year alone. 2013 and 2014 are roughly tied for second, with just over 90 startups founded.

We are currently tracking 987 Insurance Technology companies in 14 categories across 53 countries with a total of $16.7 Billion in funding. Click here to learn more about the full Insurance Technology landscape report with database.