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Q3 Startup Market Trends and Insights
INSURANCE TECHNOLOGY
July 2017
Insurance technology report outline
2
This report provides an overview of the insurtech sector and is broken down into
thr...
Sector Description
3
4
Insurance technology startups are creating new businesses in 14 categories
The full Venture Scanner market report
and da...
5
Innovation quadrant for insurance technology
This quadrant shows a relative segmentationof the categories with respect t...
Insurance technology startups play in many different categories (1 of 2)
6Category stats as of July 2017
Auto Insurance
14...
Insurance technology startups play in many different categories (2 of 2)
7Category stats as of July 2017
InsuranceInfrastr...
Sector Trends & Insights
8
9
Investing into the sector is occurring across a variety of categories
The Health Insurance category accounts for 29% of ...
10
VC funding into insurtech has slowed in recent years
Overall insurtech VC fundinggrewata CAGRof 36% from 2011-2016, and...
11
Insurtech funding amounts are dominated by early stage events
Insurance Technology Funding Amount By Round
50% of 2016 ...
12
Insurtech startups founded in 2013 lead in VC funding
Startups founded in 2013 account for 38% of the sectorfunding ove...
13
Insurtech startups are a global phenomenon
Insurance Technology Startup Countby Country
Data through July 2017
7000
Com...
14
A variety of top investors are making bets into insurtech
Selected Investor Activity in Insurance Technology
The above ...
15
Exits within the insurance technology space have grown in the past few years
Exit events within the insurtech sector gr...
Quarterly Notable Events
16
17
Recent insurance technology funding statistics
There have been 42 insurtech funding events from April 2017 through June...
18
Recent insurance technology funding events
Notable Recent Insurance Technology Funding Events
Company FundingType Amoun...
19
Recent insurance technology exit events
Notable Recent Insurance Technology Exit Events
Company Acquirer Amount Date
$1...
About Venture Scanner
20
Venture Scanner is the foundation of your startup research
21
Our research and data keep you ahead of the innovation curve...
Want to learn moreabout our insurance technology marketreport?
Click here or contact info@venturescanner.comto learn more
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Venture Scanner Insurtech Q3 2017

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A report providing an overview of the Insurance Technology (insurtech) startup landscape. Includes a sector overview, graphical trends with insights, and recent funding/exit events. Contact info@venturescanner.com or visit www.venturescanner.com to learn more!

Published in: Technology

Venture Scanner Insurtech Q3 2017

  1. 1. Q3 Startup Market Trends and Insights INSURANCE TECHNOLOGY July 2017
  2. 2. Insurance technology report outline 2 This report provides an overview of the insurtech sector and is broken down into three sections SectorDescription High-level sector metrics, innovation quadrant, and category definitions Trends& Insights Infographics and data points for the insurance technology sector QuarterlyActivity Major funding and exit events from the previous 90 days Venture Scanner reports are built by analysts utilizing our startup database and research platform
  3. 3. Sector Description 3
  4. 4. 4 Insurance technology startups are creating new businesses in 14 categories The full Venture Scanner market report and database tracks 1,317 companies with $19B in funding INSURANCE TECHNOLOGY The graphic above shows only a sampling of companies in each category, data as of July 2017 Automotive EmployeeBenefits Enterprise/Commercial Health Data/Intelligence ConsumerManagement Education/Resources Marketplace/Comparison Infrastructure/Backend UserAcquisition Life,Home,P&C P2PInsurance Product Reinsurance
  5. 5. 5 Innovation quadrant for insurance technology This quadrant shows a relative segmentationof the categories with respect to oneanother, data as of July 2017 AverageFunding ESTABLISHED HEAVYWEIGHTS PIONEERS DISRUPTORS AverageAge Reinsurance Life, Home, P&C Auto Insurance Health Insurance Employee Benefits Insurance Data Insurance Comparison Insurance Infrastructure Enterprise Product Insurance P2P Insurance CustomerManagement Education User Acquisition
  6. 6. Insurance technology startups play in many different categories (1 of 2) 6Category stats as of July 2017 Auto Insurance 140 Startups, $6.8B Total Funding Companies that offer car insurance, including telematics products which detect your mileage and behavior to customize your insurance EmployeeBenefitsPlatforms 86 Startups, $1.4B Total Funding Companies that help businesses offer healthcare and other insurance products to their employees and help employees manage those policies ConsumerInsuranceManagementPlatforms 80 Startups, $468M Total Funding Companies that enable consumers to manage their insurance and claims, including mobile apps to file on the spot Health/TravelInsurance 138 Startups, $9.6B Total Funding Companies that offer health insurance products to both individualsand businesses, including options for health insurance while on travel InsuranceData/Intelligence 115 Startups, $2.9B Total Funding Companies that collect, process, and analyze data for the insurance industry in order to produce business intelligence Enterprise/CommercialInsurance 129 Startups, $987M Total Funding Companies that offer insurance plans to businesses, including corporations, startups, and individual freelancers InsuranceComparison/Marketplace 368 Startups, $1.4B Total Funding Companies that allow consumers to compare different insurance providers and for those providers to offer their products InsuranceEducation/Resources 39 Startups, $55M Total Funding Companies that provide educational material and resources for consumers to better understand how insurance works
  7. 7. Insurance technology startups play in many different categories (2 of 2) 7Category stats as of July 2017 InsuranceInfrastructure/Backend 274 Startups, $1.1B Total Funding Companies that help insurance providers with their day- to-day operations, including tools for communications and claim filing Life,Home,Property& CasualtyInsurance 133 Startups, $7B Total Funding Companies that offer life, home, and property insurance, including products that help in cases of disability or marital problems InsuranceUserAcquisition 102 Startups, $399M Total Funding Companies that help insurance providers identify new client leads and then manage the acquisition of those targets ProductInsurance 36 Startups, $519M Total Funding Companies that offer insurance and warranties on items a consumer purchases, including tech gadgets and diamonds P2P Insurance 29 Startups, $26M Total Funding Companies that allow for policy holders to jointly pay for the insurance on an item they mutually own as a group, such as a house or car Reinsurance 33 Startups, $760M Total Funding Companies that provide insurance to other insurance companies, helping them hedge their risk and streamline their costs
  8. 8. Sector Trends & Insights 8
  9. 9. 9 Investing into the sector is occurring across a variety of categories The Health Insurance category accounts for 29% of venturefunding and 8% of total companiesin the insurtech sector Venture Investing in Insurance Technology Companiesare categorized by function, and therefore can exist in multiple categories. Data through July 2017 - 50 100 150 200 250 300 350 400 0 2 4 6 8 10 12 CompanyCount TotalFunding($B) VC Funding Count
  10. 10. 10 VC funding into insurtech has slowed in recent years Overall insurtech VC fundinggrewata CAGRof 36% from 2011-2016, and 2017 is currently at 43% of 2016 funding Insurance Technology Funding Over Time Data through July 2017 0 1 2 3 4 5 6 7 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 TotalFunding($B)
  11. 11. 11 Insurtech funding amounts are dominated by early stage events Insurance Technology Funding Amount By Round 50% of 2016 insurtech VC funding went into SeriesA events Graphs shows only the funding rounds listed therein, data through July 2017 0.0 0.5 1.0 1.5 2.0 2.5 3.0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 FundingAmount($B) Late Stage Series D Series C Series B Series A Seed
  12. 12. 12 Insurtech startups founded in 2013 lead in VC funding Startups founded in 2013 account for 38% of the sectorfunding over the last decade, and include companies like ZhongAn, Oscar, and Zenefits Insurance Technology Funding By Vintage Year Data through July 2017 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 TotalFunding($B) Year Founded
  13. 13. 13 Insurtech startups are a global phenomenon Insurance Technology Startup Countby Country Data through July 2017 7000 Companies
  14. 14. 14 A variety of top investors are making bets into insurtech Selected Investor Activity in Insurance Technology The above count represents a subset of overall investor activity, data through July 2017 0 5 10 15 20 25 NumberofInvestments Number of Investments Number of Companies Backed
  15. 15. 15 Exits within the insurance technology space have grown in the past few years Exit events within the insurtech sector grew by 270% from 2011 to 2016, and 2017 is currently at 49% of the 2016 total Insurance Technology M&A and IPO Events By Year Data through July 2017 0 5 10 15 20 25 30 35 40 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 NumberofExits Public Acquired
  16. 16. Quarterly Notable Events 16
  17. 17. 17 Recent insurance technology funding statistics There have been 42 insurtech funding events from April 2017 through June 2017 Recent Insurance Technology Funding Round Counts Graph shows only the funding types listed therein, data as of July 2017 0 2 4 6 8 10 12 Seed Series A Series B Series C Series D Series E Late Stage FundingEventCount
  18. 18. 18 Recent insurance technology funding events Notable Recent Insurance Technology Funding Events Company FundingType Amount Date Series B $160,000,000 June 1, 2017 Series D $130,000,000 May 10, 2017 Series A $50,000,000 April 26, 2017 Series D $45,000,000 April 6, 2017 Series A $35,000,000 May 3, 2017 Insurtech startups raised $655 million from April 2017 through June 2017 Data as of July 2017
  19. 19. 19 Recent insurance technology exit events Notable Recent Insurance Technology Exit Events Company Acquirer Amount Date $1,700,000,000 May 2, 2017 $156,000,000 April 9, 2017 Digital Insurance Group Unknown Jun 29, 2017 Unknown Jun 27, 2017 Unknown Jun 13, 2017 There have been 9 insurtech exits from April 2017 through June 2017, all of which have been acquisitions Data as of July 2017
  20. 20. About Venture Scanner 20
  21. 21. Venture Scanner is the foundation of your startup research 21 Our research and data keep you ahead of the innovation curve SaveTime and Money Get immediate access to years of startup research LeverageTechnology Realize the power of our landscaping technology StayCurrent See all updates and developments Many international Fortune 500 companies trust Venture Scanner to help them with their startup reporting needs
  22. 22. Want to learn moreabout our insurance technology marketreport? Click here or contact info@venturescanner.comto learn more

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