Insurance Technology Exits by Category and by Year – Q3 2017

The following graphs highlight the exit activity in the Insurance Technology sector. The graphics include data through July 2017.

Insurance Technology Exit Activity by Category
Insurance Technology Exit Activity by Category

The above graph summarizes the number of exits (acquisitions and IPOs) in each Insurance Technology category. The Insurance Infrastructure category leads the sector with 36 acquisitions and 3 IPOs. The Insurance Comparison category is the runner-up with 18 acquisitions and 7 IPOs.

Insurance Technology Exit Activity by Year
Insurance Technology Exit Activity by Year

The above graph summarizes the number of exits (acquisitions and IPOs) in Insurance Technology by year. 2016 currently leads the sector with 37 acquisitions. 2015 and 2017 are the runner-ups with 18 acquisitions each.

We are currently tracking 1347 Insurance Technology companies in 14 categories across 61 countries, with a total of $18.9B in funding. Click here to learn more about the full Insurance Technology market report.

Venture Investing in Insurance Technology – Q3 2017

The following graphs highlight venture investing trends into the Insurance Technology (Insurtech) sector. The graphics include data through July 2017.

Insurtech Venture Investing Q3 2017

The above graph compares the total venture funding in each Insurtech category to the number of companies in the category. The Health Insurance category leads in funding at just under $10B. The category with the most startups is Insurance Comparison, with around 375.

Insurtech Category Average Funding Q3 2017

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

We are currently tracking 1,333 Insurtech companies in 14 categories across 61 countries, with a total of $19 Billion in funding. Click here to learn more about the full Insurance Technology market report.

Average and Median Age by Insurance Technology Category – Q3 2017

The following graph shows average and median age in the Insurance Technology sector. The graphic includes data through July 2017.

Insurance Technology Age by Category
Insurance Technology Age by Category

The above graph summarizes the average age and median age of companies in each Insurance Technology category. The Reinsurance category ranks as the most mature Insurance Technology category with an average age of 22 years and a median age of 17 years. The Life, Home, P&C Insurance category comes in as the second oldest category, with an average age and a median age of 13 years for each.

We are currently tracking 1333 Insurance Technology companies in 14 categories across 61 countries, with a total of $18.9 Billion in funding. Click here to learn more about the full Insurance Technology market report.

Where in the world are Insurance Technology startups? Q3 2017

The analyses below summarize where Insurance Technology (Insurtech) innovations are occurring. The graphic includes data through July 2017.

Insurtech Company Count by Country Q3 2017

The above map shows the number of Insurtech companies located in different countries. The United States ranks as the top country with around 700 companies.

Insurtech VC Funding by Country Q3 2017

The above map shows the amount of total Insurtech startup venture capital funding in different countries. The United States has the most VC funding at around $9B.

We are currently tracking 1,512 Insurteech companies in 14 categories across 61 countries, with a total of $19B in funding. Click here to learn more about the full Insurance Technology market report.

Insurance Technology Market Overview and Innovation Quadrant – Q3 2017

The following post highlights how Venture Scanner categorizes the Insurance Technology (Insurtech) startup landscape, and presents our Innovation Quadrant showing how those categories compare to one another. The data for this post is through July 2017.

Insurtech Q3 2017 Logo Map

The above sector map organizes the sector into 14 categories and shows a sampling of companies in each category.

Insurtech Q3 2017 Innovation Quadrant

Our Innovation Quadrant provides a snapshot of the average funding and average age for the different Insurtech categories and how they compare with one another.

  • Heavyweights: These categories are comprised of companies that have reached maturity with significant financing.
  • Established: These categories are comprised of companies that have reached maturity with less financing.
  • Disruptors: These categories are comprised of companies that are less mature with significant financing.
  • Pioneers: These categories are comprised of companies that are less mature with earlier stages of financing.

The definitions of the Insurtech categories are as follows

Auto Insurance: Companies that offer car insurance, including car telematics products which detect your mileage and driving behavior to customize your insurance plan.

Consumer Insurance Management Platforms: Companies that enable consumers to manage their insurance and claims, including mobile apps that allow users to file claims right at the spot of an accident.

Employee Benefits Platforms: Companies that help enterprises build or acquire employee benefits platforms that deliver healthcare and other insurance products to their employees.

Enterprise/Commercial Insurance: Companies that offer insurance plans to businesses, including corporations, startups, and freelancers.

Health/Travel Insurance: Companies that offer health or travel insurance, either for individuals or for businesses.

Insurance Comparison/Marketplace: Companies that serve as a marketplace for consumers to buy insurance of any kind (car to home to health), or compare different insurance providers. These are 3rd party companies that don’t offer insurance plans themselves, but act as a brokerage agent between insurance providers and consumers.

Insurance Data/Intelligence: Companies that collect, process, and analyze data analytics and business intelligence for the insurance industry.

Insurance Education/Resources: Companies that provide educational material and resources that give information about how insurance works.

Insurance Infrastructure/Backend: Companies that help insurance companies with their day-to-day operations, including CRM for agents, communication tools, and claim filing tools.

Insurance User Acquisition: Companies that help insurance companies find and manage new leads and then to acquire those leads as clients.

Life, Home, Property & Casualty Insurance: Companies that offer life, home, and property insurance, as well as other kinds of insurance such as disability and marriage insurance.

P2P Insurance: Companies that offer peer-to-peer insurance, in which a group of policyholders jointly pay for the insurance of an item that they mutually own, share, or rent (such as a car, a house, or media equipment).

Product Insurance: Companies that offer insurance and/or warranties for products that a user purchases, from tech gadgets to diamonds.

Reinsurance: Companies that provide insurance products to other insurance companies, helping them hedge their bets and streamline their costs.

We are currently tracking 1,323 Insurtech companies in 14 categories across 61 countries, with a total of $19 Billion in funding. Click here to learn more about the full Insurance Technology market report.

Insurance Technology Startup Market Trends and Insights  – Q3 2017

Here is our Q3 2017 summary report on the Insurance Technology (insurtech) startup sector. The following report includes a startup landscape overview, graphical trends with insights, and recent funding and exit events.

We are currently tracking 1,316 Insurtech companies in 14 categories across 61 countries, with a total of $19 Billion in funding. Click here to learn more about the full Insurance Technology market report.

Insurance Technology Companies Founded by Year – Q3 2017

The following graph shows the founding year distribution in the Insurance Technology sector. The graphic includes data through April 2017.

Insurance Technology Companies Founded by Year
Insurance Technology Companies 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 123 companies founded in that year alone. 2014 is the runner-up with around 120 companies founded in that year.

We are currently tracking 1317 Insurance Technology companies in 14 categories across 61 countries with a total of $18.8 Billion in funding. Click here to learn more about the full Insurance Technology market report.