Willis Towers Watson: Insurtech investment is still 'buoyant' in Q2

Willis Towers Watson | July 26, 2019

The latest report from Willis Towers Watson (WTW) found that investment in insurance tech – “insurtech” – companies for the second quarter of 2019 remains at high levels. The new Quarterly InsurTech Briefing report from WTW found that for the quarter, there were 69 insurtech deals announced with a total value of $1.41 billion. This, the report noted, makes Q2 2019 the fourth consecutive quarter wherein total new funding commitments exceeded $1.2 billion. WTW also found that the value of investments in P&C-focused firms spiked by 283%, compared to Q2 2018. Life and health deals also surged similarly, seeing a 259% year-over-year increase in investment value. Additionally, the number of strategic investments by (re)insurers hit a record high of 36 for the second quarter of this year. The report found that the continued “predominance” of later-stage, typically larger investments helped push down transaction volume by over a fifth, while the number of early-stage investments sank to its lowest point since Q3 2017. WTW suggests that this displays increased maturity in the insurtech sector.

Spotlight

In this video, we are exploring the Insurtech landscape. It's the perfect environment for using data to disrupt incumbent, as unlike other industries insurance is based on probability and numbers. The 3 disruption mechanisms used by insurtech that we explore in this video are: positive selection bias (serving only the best customers).

Spotlight

In this video, we are exploring the Insurtech landscape. It's the perfect environment for using data to disrupt incumbent, as unlike other industries insurance is based on probability and numbers. The 3 disruption mechanisms used by insurtech that we explore in this video are: positive selection bias (serving only the best customers).

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