Insurtech Investors With the Most Activity

The insurance technology (insurtech) industry has seen $27B in total all time funding. Let’s analyze the investors making bets into insurtech and identify the most active firms.

The graphic below shows insurtech investors based on their number of investments into the sector. If an investor participates in two investment rounds in the same company (such as a Series A and Series B), that would qualify as two investments for this graphic.

Insurance Technology Investors With Most Investments
Insurance Technology Investors With Most Investments

As the graphic demonstrates, 500 Startups has made the most bets in the insurtech sector with 39 investments. Plug and Play follows in second place with 27 investments. Examples of companies 500 Startups invested in include Kin Insurance, Indio Technologies, Embroker, and Jones. Let’s see which investors make their way onto this list in 2019!

To learn more about our complete insurance technology dynamic report, visit us at www.venturescanner.com or contact us at info@venturescanner.com.

Insurtech Funding Remained Stable in 2018

Now that 2018 is complete, let’s examine how funding in insurance technology (insurtech) compares to previous years. The graphic below shows the total annual insurtech funding amounts over time.

Insurance Technology Funding Over Time
Insurance Technology Funding Over Time

As the graphic demonstrates, insurtech funding in 2018 was around the $3.8B mark. It represents a meager 2% increase from the previous year’s funding. Some of the largest funding events in 2018 include a $375M Corporate round for Oscar Health, a $300M Series B for Devoted Health, a $200M Series F for Policybazaar, and a $200M Series C for Bright Health. Nonetheless, insurtech funding grew at a CAGR of 18% from 2013 to 2018. We’re now eager to see if its funding can break away from its relatively steady state and into a growth phase again!

To learn more about our complete insurance technology dynamic report, visit us at www.venturescanner.com or contact us at info@venturescanner.com.

Insurance Technology Report Highlights  – Q4 2018

Here is our Q4 2018 summary report on the insurance technology startup sector. The following report includes a sector overview and recent activity.

To learn more about our complete insurance technology dynamic report, visit us at www.venturescanner.com or contact us at info@venturescanner.com.

Insurance Technology Sector Overview – Q3 2018

The insurance technology sector has seen stable funding in recent years. This blog post examines the different components of the insurtech sector and how they make up this startup ecosystem. We will illustrate what the categories of innovation are and which categories have the most companies. We will also compare the categories in terms of their funding and maturity.

Insurance Marketplace Is the Largest Insurance Technology Category

Let’s start off by looking at the Sector Map. We have classified 1519 insurance technology startups into 14 categories that have raised $25 billion. The Sector Map highlights the number of companies in each category. It also shows a random sampling of companies in each category.

Insurance Technology Sector Map
Insurance Technology Sector Map

We see that Insurance Comparison and Marketplace is the largest category with 415 companies. These companies enable consumers to compare different insurance providers or buy insurance of any kind (car to home to health). Some example companies are Goji, Policygenius, CoverHound, and Coverfox.

Let’s now look at our Innovation Quadrant to find out the funding and maturity of these categories in relation to one another.

The Pioneers Quadrant Has the Most Insurance Technology Categories

Our Innovation Quadrant divides the insurance technology categories into four different quadrants.

Insurance Technology Innovation Quadrant
Insurance Technology Innovation Quadrant

We see that the Pioneers quadrant has the most insurance technology categories with 10. These categories are in the earlier stages of funding and maturity. The Disruptors quadrant has 3 categories that have acquired significant financing at a young age. The Heavyweights quadrant has Reinsurance as its one category. This category has reached maturity with significant financing.

We’ve analyzed the insurance technology categories and their relative stages of innovation. Let’s now look at how they stack up against one another in terms of their total funding versus company counts.

Health Insurance Startups Have the Most Funding

The graph below shows the total amount of venture funding and company count in each category.

Insurance Technology Total Funding and Company Count
Insurance Technology Total Funding and Company Count

As the above graphic implies, the Health Insurance category leads the sector in total funding with $11.4B. Life, Home, P&C Insurance and Auto Insurance follow in second and third places with $8.4B and $7.6B in total funding, respectively.

Health Insurance contains companies that offer health-related insurance products for consumers and businesses. Some example companies in this category include HealthSherpa, GoHealth, Oscar, and Stride Health.

Conclusion: Insurance Marketplace and Health Insurance Lead Insurtech

As the analysis above demonstrates, Insurance Marketplace leads the sector in total companies. The Health Insurance category leads in total funding.

To learn more about our complete insurance technology report and research platform, visit us at www.venturescanner.com or contact us at info@venturescanner.com.

Health Insurance Category Leads Insurance Technology Funding

We’ve previously highlighted that insurtech funding has remained stable in recent years. When we take a closer look at the funding trends per insurtech category, we notice that the Health Insurance category leads in both Q3 and overall funding.

We’ll highlight this observation with some graphics and discussions below.

The Health Insurance Category Leads Insurance Technology In Q3 Funding

To start off, let’s review the amount of funding raised this quarter per category within insurance technology.

Insurance Technology Latest Quarter Category Funding
Insurance Technology Latest Quarter Category Funding

The above graphic highlights that the Health Insurance category leads the sector in Q3 funding with $480M. Its funding is 2.4 times the funding of the next category, Auto Insurance at $204M.

Health Insurance contains companies that offer health-related insurance products for consumers and businesses. Some example companies in this category include HealthSherpa, GoHealth, Oscar, and Stride Health.

Let’s now investigate how the insurtech categories’ funding compare with each other historically.

The Health Insurance Category Also Leads in All-Time Funding

The graph below shows the all-time funding for the various insurance technology categories. The Q3 funding and growth rates of these categories are also highlighted.

Insurance Technology Total Category Funding
Insurance Technology Total Category Funding

As the bar graph indicates, the Health Insurance category also leads in total funding at $11.4B. Life, Home, P&C Insurance category follows in second place with $8.4B in total funding.

In summary, Health Insurance category leads the insurtech sector in funding. Let’s see how the the rest of 2018 shapes up for insurance technology!

To learn more about our complete insurance technology report and research platform, visit us at www.venturescanner.com or contact us at info@venturescanner.com.

Insurance Technology Startup Highlights  – Q3 2018

Here is our Q3 2018 summary report on the insurance technology startup sector. The following report includes a sector overview and recent activity.

To learn more about our complete insurance technology report and research platform, visit us at www.venturescanner.com or contact info@venturescanner.com.

Mid-Year Insurance Technology Exits Analysis

Our recent insurance technology quarterly highlights provided a state of the sector summary. Now we’re performing a deep dive examination of insurtech exits to see how things are shaping up on the M&A and IPO front.

Based on analysis on our insurance technology research platform, we see that exit activity in the first half of 2018 is trending down from the previous two years.

2018 Mid-Year Insurance Technology Exit Activity Lower Than 2017 And 2016

Let’s take a closer look at the number of insurance technology exit events by year.

insurance-technology-exits-by-quarter
Insurance Technology Exits by Quarter

The above graphic shows 13 exits in the first half of 2018. For the past three years, Q3 and Q4 accounted for 53% of total exit events on average. If that trend holds, 2018 exits will finish the year lower than 2017 and 2016, but higher than 2015. We’ll see if the second half of the year changes this trend!

To learn more about our complete insurance technology report and research platform, visit us at www.venturescanner.com or contact us at info@venturescanner.com.