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ARTICLE · 25 FEBRUARY 2020

Insurtech By The Numbers: Financing Trends In 2019

Mayer Brown
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At the intersection of insurance and technology, insurtech companies are flourishing.

United StatesInsurance
Carlos E. Juarez
Carlos E. Juarez
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At the intersection of insurance and technology, insurtech companies are flourishing. According to a recent report by CB Insights, companies in the insurtech sector raised approximately $6.35 billion in private funding in 314 deals in 2019, globally. 2019 accounted for approximately 33.9% of all investments to date in insurtech companies. Private capital raises by property and casualty-focused insurtech companies comprised 63% of deals in 2019, while private capital raises for life and health insurance subsector accounted for 37% of deals.

Late-stage financings by insurtech companies increased by 47% in 2019, by number of deals, and increased 226%, by amount of capital raised. The last quarter of 2019 also saw four mega rounds, or rounds of over $100 million or more, completed by insurtech companies, noted the report. There are now ten insurtech unicorns, private companies valued at over $1 billion, five of which were created in 2019.

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