> 4,700
Global Insurtech transactions
Since 2016
1,334
Transactions where European Investors participated
Since 2016
4
Mega deals (> USD 1bn)
in the last two years globally
USD 22.1bn
Reported deal value where European Investors participated
Since 2016
8
years of transaction data
3rd
Edition since 2021
- The global rise of Insurtech transactions peaked in 2021 with 257 transactions totalling a Reported deal value of USD 7.1bn – Has this fortuitous period ended?
We explore how deal activity in the Insurtech industry has evolved over the last two years and share our expectations going forward. - While the US continues to be a primary hub for Insurtech deals, European investors are increasingly turning their attention to companies across Europe as well as Asia
We examine the regional reach of Insurtech transactions by European investors over the last 8 years, and how this has developed since our 2021 report. - Funding of Insurtech companies are typically linked to venture capital investments, however with nearly 20% of 2023 transactions involving mergers or acquisitions and growth investments, the trend continues towards more established Insurtechs
We take a look at the trends in funding received by Insurtechs from European Investors, and how this has developed over the past 8 years. - The majority of Insurtechs aim to add value by way of providing services along the value chain. Services is where Insurtechs try to offer additional benefits to a carrier’s policyholders, such as risk management services or financial advice
We analyse Insurtech deal activity along the value chain and explore where the largest deals occur in terms of size. - The Top 5 largest transactions in 2022 and year-to-date September 2023 pertained to target companies with distinct areas of focus and were all in excess of USD 190m
We highlight the largest transactions in the past two years, uncovering overarching themes and individual distinctions.
"Rising interest rates have marked the beginning of the end of a decade long era of so called “free money” and an abundance of capital once being available to Insurtechs. We have seen investor expectations increase over the last two years and the demand for more mature technologies and a proven track record of cash generation has been established.”
Christoph Baertz
