Insurtech investment hits all-time high – Willis Towers Watson

Insurtech investment hit an all-time high in 2019, according to a new report from Willis Towers Watson. Total worldwide funding commitments in the insurtech sector totaled $6.37 billion in 2019. That’s a third of the historic total funding for the sector. The fourth quarter alone saw $1.99 billion invested in 75 projects. Eight “unicorn-making” investment rounds happened last year, according to Willis Towers Watson’s Quarterly InsurTech Briefing. The rounds led to the creation of five new unicorns – privately held start-ups valued at more than $1 billion. Only 10 insurtechs have ever reached that threshold. Last year also saw a 90% spike in investment rounds exceeding $40 billion. Property-casualty start-ups took a larger share of total insurtech investment than life and health companies, continuing a trend that started in 2016, according to Willis Towers Watson.