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Venture Scanner is your analyst and technology-powered startup research firm
Insurance Technology
Startup Landscape Trends...
Insurance technology report outline
2
This report provides an overview of the insurance technology sector and is
broken do...
Insurance Technology
Sector Description
3
Insurtech startups are creating new businesses in 14 different categories
The graphic above shows a sampling of companies ...
Innovation quadrant for insurance technology
AVERAGE FUNDING ($M)
AVERAGEAGE(YEARS)
ESTABLISHED HEAVYWEIGHTS
PIONEERS DISR...
Insurtech startups play in many different categories (1 of 3)
6
Auto Insurance
114 Startups, $6.5B Total Funding
Companies...
Insurtech startups play in many different categories (2 of 3)
7
Insurance Data/Intelligence
100 Startups, $2.6B Total Fund...
Insurtech startups play in many different categories (3 of 3)
8
Product Insurance
27 Startups, $418M Total Funding
Compani...
Insurance Technology
Funding Information & Trends
9
10
Venture investing into the space is dominated by health insurance startups
The health and travel insurance category acc...
11
VC funding into insurtech has grown substantially in recent years
Overall insurtech VC funding grew at a CAGR of 31% fr...
12
Insurtech startups are demonstrating more traction in recent years
Insurance Technology Funding Amount by Type
Recent y...
13
Insurtech startups founded in 2013 lead in VC funding
Startups founded in 2013 account for 46% of the sector funding ov...
14
Insurtech startups are a global phenomenon
Insurance Technology Startup Count by Country
0 580
Companies
15
Top VC investors are making bets into insurtech
Selected Investor Activity in Insurance Technology
The above count repr...
16
Insurtech exit activity is healthy and growing
Exit events within the insurtech sector grew by 340% between 2011 and 20...
Insurance Technology
Quarterly Notable Events
17
18
Recent insurtech funding statistics
There have been 29 insurtech funding events in the past 90 days
Insurance Technolog...
19
Recent insurtech funding events
Notable Recent Insurance Technology Funding Events
Company Funding Type Amount Date
Ser...
20
Notable recent insurtech exit events
Notable Recent Insurance Technology Acquisitions
Company Acquirer Amount Date
$6,3...
About Venture Scanner
21
Venture Scanner is the foundation of your startup research
22
Our research and data keep you ahead of the insurtech innova...
Venture Scanner is your analyst and technology-powered startup research firm
Want to learn more about our insurtech report...
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Venture Scanner Insurtech Report Q1 2017

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A report providing an overview of the Insurance Technology startup landscape, graphical trends and insights, and recent funding and exit events. Contact info@venturescanner.com to learn more!

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Venture Scanner Insurtech Report Q1 2017

  1. 1. Venture Scanner is your analyst and technology-powered startup research firm Insurance Technology Startup Landscape Trends and Insights January, 2017
  2. 2. Insurance technology report outline 2 This report provides an overview of the insurance technology sector and is broken down into three sections Sector Description High-level sector metrics with sub-category definitions Trends & Insights Infographics and data points for the insurance technology sector Quarterly Activity Major funding and exit events from the previous 90 days Venture Scanner reports are built by analysts utilizing our startup database and landscaping platform
  3. 3. Insurance Technology Sector Description 3
  4. 4. Insurtech startups are creating new businesses in 14 different categories The graphic above shows a sampling of companies in each category, stats as of January 2017 4 Insurance Technology Learn about our full 1,050 company report with $17B in funding Automotive Employee Benefits Enterprise/Commercial Health/Travel Data/Intelligence Consumer Management Education/Resources Comparison/Marketplace Infrastructure/Backend User Acquisition Life, Home, P&C P2P Insurance Product Reinsurance
  5. 5. Innovation quadrant for insurance technology AVERAGE FUNDING ($M) AVERAGEAGE(YEARS) ESTABLISHED HEAVYWEIGHTS PIONEERS DISRUPTORS This quadrant shows a relative segmentation of the categories with respect to one another 5 Reinsurance Life, Home, P&C Enterprise Auto InsuranceEmployee Benefits Insurance Comparison Health/Travel Insurance Data Product P2P Insurance Management Platforms User Acquisition Infrastructure/Backend Insurance Education
  6. 6. Insurtech startups play in many different categories (1 of 3) 6 Auto Insurance 114 Startups, $6.5B Total Funding Companies that offer car insurance, including telematics products which detect your mileage and behavior to customize your insurance. Category stats as of January 2017 Employee Benefits Platforms 49 Startups, $1.1B Total Funding Companies that help businesses offer healthcare and other insurance products to their employees. Health/Travel Insurance 108 Startups, $9B Total Funding Companies that offer health and/or travel insurance products to individuals and businesses. Consumer Insurance Management Platforms 57 Startups, $370M Total Funding Companies that enable consumers to manage their insurance and claims, including mobile apps to file on the spot. Enterprise/Commercial Insurance 92 Startups, $840M Total Funding Companies that offer insurance plans to businesses, including corporations, startups, and freelancers. Insurance Comparison/Marketplace 280 Startups, $1.1B Total Funding Companies that allow consumers to compare different insurance providers and for those providers to offer their products.
  7. 7. Insurtech startups play in many different categories (2 of 3) 7 Insurance Data/Intelligence 100 Startups, $2.6B Total Funding Companies that collect, process, and analyze data analytics and business intelligence for the insurance industry. Category stats as of January 2017 Insurance Infrastructure/Backend 222 Startups, $1B Total Funding Companies that help insurance companies with their day-to-day operations, including tools for communications and claim filing. Life, Home, Property & Casualty Insurance 89 Startups, $6.8B Total Funding Companies that offer life, home, and property insurance, including products that help in the case of disability or marital problems. Insurance Education/Resources 31 Startups, $53M Total Funding Companies that provide educational material and resources for consumers to understand how insurance works. Insurance User Acquisition 75 Startups, $325M Total Funding Companies that help insurance providers identify new client leads and then manage the acquisition of those targets. P2P Insurance 30 Startups, $85M Total Funding Companies that allow for policy holders to jointly pay for the insurance on an item they mutually own, such as a house or car.
  8. 8. Insurtech startups play in many different categories (3 of 3) 8 Product Insurance 27 Startups, $418M Total Funding Companies that offer insurance and warranties on items a consumer purchases, including tech gadgets and diamonds. Category stats as of January 2017 Reinsurance 28 Startups, $759M Total Funding Companies that provide insurance to other insurance companies, helping them hedge their bets and streamline their costs.
  9. 9. Insurance Technology Funding Information & Trends 9
  10. 10. 10 Venture investing into the space is dominated by health insurance startups The health and travel insurance category accounts for 29% of all venture funding and 8% of total companies in the insurtech startup sector Venture Investing in Insurance Technology Companies are categorized by function, and therefore can exist in multiple categories - 50 100 150 200 250 300 0 1 2 3 4 5 6 7 8 9 10 CompanyCount TotalFunding($B) VC Funding Count
  11. 11. 11 VC funding into insurtech has grown substantially in recent years Overall insurtech VC funding grew at a CAGR of 31% from 2011-2016 Insurance Technology Funding Over Time 0 1 2 3 4 5 6 7 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 TotalFunding($B)
  12. 12. 12 Insurtech startups are demonstrating more traction in recent years Insurance Technology Funding Amount by Type Recent years have seen an expansion of Series B and Series D funding, implying both newer and established startups are demonstrating success Graph shows only the funding types listed therein 0.0 0.5 1.0 1.5 2.0 2.5 3.0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 FundingAmount($B) Late Stage Series D Series C Series B Series A Seed
  13. 13. 13 Insurtech startups founded in 2013 lead in VC funding Startups founded in 2013 account for 46% of the sector funding over the last decade, and include companies like ZhongAn, Oscar, and Zenefits Insurance Technology Funding By Vintage Year 0 0.5 1 1.5 2 2.5 3 3.5 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 TotalFunding($B) Year Founded
  14. 14. 14 Insurtech startups are a global phenomenon Insurance Technology Startup Count by Country 0 580 Companies
  15. 15. 15 Top VC investors are making bets into insurtech Selected Investor Activity in Insurance Technology The above count represents a subset of overall investor activity 0 2 4 6 8 10 12 14 16 18 NumberofInvestments Number of Investments Number of Companies Backed
  16. 16. 16 Insurtech exit activity is healthy and growing Exit events within the insurtech sector grew by 340% between 2011 and 2016 Insurance Technology M&A and IPO Events 0 5 10 15 20 25 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 NumberofExits Public Acquired
  17. 17. Insurance Technology Quarterly Notable Events 17
  18. 18. 18 Recent insurtech funding statistics There have been 29 insurtech funding events in the past 90 days Insurance Technology Funding Type Counts from Previous 90 Days Graph shows only the funding types listed therein 0 2 4 6 8 10 12 Seed Series A Series B Series C Series D Late Stage FundingEventCount
  19. 19. 19 Recent insurtech funding events Notable Recent Insurance Technology Funding Events Company Funding Type Amount Date Series E $160,140,000 Nov 18, 2016 Series B $34,000,000 Dec 5, 2016 Series B $23,000,000 Oct 21, 2016 Series B $20,000,000 Dec 14, 2016 Series C $20,000,000 Oct 14, 2016 Insurtech startups raised $406 million in the past 90 days
  20. 20. 20 Notable recent insurtech exit events Notable Recent Insurance Technology Acquisitions Company Acquirer Amount Date $6,300,000,000 Oct 4, 2016 $2,700,000,000 Oct 23, 2016 $1,400,000,000 Nov 28, 2016 Unknown Nov 30, 2016 Unknown Dec 19, 2016 There have been 5 exit events in the past 90 days, all of which have been acquisitions
  21. 21. About Venture Scanner 21
  22. 22. Venture Scanner is the foundation of your startup research 22 Our research and data keep you ahead of the insurtech innovation curve Save Time and Money Get immediate access to years of startup research Leverage Technology Realize the power of our landscaping technology Stay Current See all updates and developments Many international Fortune 500 companies trust Venture Scanner to help them with their startup landscaping and reporting needs
  23. 23. Venture Scanner is your analyst and technology-powered startup research firm Want to learn more about our insurtech report and database? Click here or contact info@venturescanner.com to learn more
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A report providing an overview of the Insurance Technology startup landscape, graphical trends and insights, and recent funding and exit events. Contact info@venturescanner.com to learn more!

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