FT Partners Research | February 2020
INSURTECH ALMANAC
2019 ANNUAL
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Overview of FT Partners
•
•
FT Partners’ Advisory Capabilities FT Partners’ FinTech Industry Research
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
FT Partners’ Proprietary Data and Research
Proprietary FinTech Database
• Data Insights
• FinTech Deal Statistics
• Investment Trends
• Industry Research
• Public Comparables
33,500+ FinTech Companies
15,000+ Financings
12,500+ M&A Deals
11,500+ PE / VC Firms
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
o
o
FT Partners’ Data
o
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Executive Summary
Record high financing volume
and deal count in 2019
$10.3 billion
in M&A volume
100+
transactions
Approximately
&
Highest M&A deal count and
second highest volume ever
2019 InsurTech Statistics
~250
transactions
Approximately
&
$6.8 billion
in financing volume
FINANCING M&A
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Executive Summary
o
o
o
o
o
o
o
o
o
o
o
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
InsurTech Financing Activity: Annually
0
14
28
42
56
70
84
98
112
126
140
154
168
182
196
210
224
238
252
266
280
294
308
322
336
350
364
378
392
406
420
434
448
462
476
490
504
518
532
546
560
574
588
602
616
630
644
658
672
686
700
714
728
742
756
770
784
798
812
826
840
854
868
882
896
910
924
938
952
966
980
994
1008
1022
1036
1050
1064
1078
1092
1106
1120
1134
1148
1162
1176
1190
1204
1218
1232
1246
1260
1274
1288
1302
1316
1330
1344
1358
1372
1386
1400
1414
1428
1442
1456
1470
1484
1498
1512
1526
1540
1554
1568
1582
1596
1610
1624
1638
1652
1666
1680
1694
1708
1722
1736
1750
1764
1778
1792
1806
1820
1834
1848
1862
1876
1890
1904
1918
1932
1946
1960
1974
1988
2002
2016
2030
2044
2058
2072
2086
2100
2114
2128
2142
2156
2170
2184
2198
2212
2226
2240
2254
2268
2282
2296
2310
2324
2338
2352
2366
2380
2394
2408
2422
2436
2450
2464
2478
2492
2506
2520
2534
2548
2562
2576
2590
2604
2618
2632
2646
2660
2674
2688
2702
2716
2730
2744
2758
2772
2786
2800
2814
2828
2842
2856
2870
2884
2898
2912
2926
2940
2954
2968
2982
2996
3010
3024
3038
3052
3066
3080
3094
3108
3122
3136
3150
3164
3178
3192
3206
3220
3234
3248
3262
3276
3290
3304
3318
3332
3346
3360
3374
3388
3402
3416
3430
3444
3458
3472
3486
3500
3514
3528
3542
3556
3570
3584
3598
3612
3626
3640
3654
3668
3682
3696
3710
3724
3738
3752
3766
3780
3794
3808
3822
3836
3850
3864
3878
3892
3906
3920
3934
3948
3962
3976
3990
4004
4018
4032
4046
4060
4074
4088
4102
4116
4130
4144
4158
4172
4186
4200
4214
4228
4242
4256
4270
4284
4298
4312
4326
4340
4354
4368
4382
4396
4410
4424
4438
4452
4466
4480
4494
4508
4522
4536
4550
4564
4578
4592
4606
4620
4634
4648
4662
4676
4690
4704
4718
4732
4746
4760
4774
4788
4802
4816
4830
4844
4858
4872
4886
4900
4914
4928
4942
4956
4970
4984
4998
5012
5026
5040
5054
5068
5082
5096
5110
5124
5138
5152
5166
5180
5194
5208
5222
5236
5250
5264
5278
5292
5306
5320
5334
5348
5362
5376
5390
5404
5418
5432
5446
5460
5474
5488
5502
5516
5530
5544
5558
5572
5586
5600
5614
5628
5642
5656
5670
5684
5698
5712
5726
5740
5754
5768
5782
5796
5810
5824
5838
5852
5866
5880
5894
5908
5922
5936
5950
5964
5978
5992
6006
6020
6034
6048
6062
6076
6090
6104
6118
6132
6146
6160
6174
6188
6202
6216
6230
6244
6258
6272
6286
6300
6314
6328
6342
6356
6370
6384
6398
6412
6426
6440
6454
6468
6482
6496
6510
6524
6538
6552
6566
6580
6594
6608
6622
6636
6650
6664
6678
6692
6706
6720
6734
6748
6762
6776
6790
6804
6818
6832
6846
6860
6874
6888
6902
6916
6930
6944
6958
6972
6986
7000
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
(180 )
(130 )
(80)
(30)
20
-
5
10
15
20
25
30
35
40
45
50
55
60
65
70
75
80
85
90
95
100
105
110
115
120
125
130
135
140
145
150
155
160
165
170
175
180
185
190
195
200
205
210
215
220
225
230
235
240
245
250
255
260
265
270
275
280
285
290
295
300
305
310
315
320
325
330
335
340
345
350
355
360
365
370
375
380
385
390
395
400
405
410
415
420
425
430
435
440
445
450
455
460
465
470
475
480
485
490
495
500
505
510
515
520
525
530
535
540
545
550
555
560
565
570
575
580
585
590
595
600
605
610
615
620
625
630
635
640
645
650
655
660
665
670
675
680
685
690
695
700
705
710
715
720
725
730
735
740
745
750
755
760
765
770
775
780
785
790
795
800
805
810
815
820
825
830
835
840
845
850
855
860
865
870
875
880
885
890
895
900
905
910
915
920
925
930
935
940
945
950
955
960
965
970
975
980
985
990
995
1,000
1,005
1,010
1,015
1,020
1,025
1,030
1,035
1,040
1,045
1,050
1,055
1,060
1,065
1,070
1,075
1,080
1,085
1,090
1,095
1,100
1,105
1,110
1,115
1,120
1,125
1,130
1,135
1,140
1,145
1,150
1,155
1,160
1,165
1,170
1,175
1,180
1,185
1,190
1,195
1,200
1,205
1,210
1,215
1,220
1,225
1,230
1,235
1,240
1,245
1,250
1,255
1,260
1,265
1,270
1,275
1,280
1,285
1,290
1,295
1,300
1,305
1,310
1,315
1,320
1,325
1,330
1,335
1,340
1,345
1,350
1,355
1,360
1,365
1,370
1,375
1,380
1,385
1,390
1,395
1,400
1,405
1,410
1,415
1,420
1,425
1,430
1,435
1,440
1,445
1,450
1,455
1,460
1,465
1,470
1,475
1,480
1,485
1,490
1,495
1,500
1,505
1,510
1,515
1,520
1,525
1,530
1,535
1,540
1,545
1,550
1,555
1,560
1,565
1,570
1,575
1,580
1,585
1,590
1,595
1,600
1,605
1,610
1,615
1,620
1,625
1,630
1,635
1,640
1,645
1,650
1,655
1,660
1,665
1,670
1,675
1,680
1,685
1,690
1,695
1,700
1,705
1,710
1,715
1,720
1,725
1,730
1,735
1,740
1,745
1,750
1,755
1,760
1,765
1,770
1,775
1,780
1,785
1,790
1,795
1,800
1,805
1,810
1,815
1,820
1,825
1,830
1,835
1,840
1,845
1,850
1,855
1,860
1,865
1,870
1,875
1,880
1,885
1,890
1,895
1,900
1,905
1,910
1,915
1,920
1,925
1,930
1,935
1,940
1,945
1,950
1,955
1,960
1,965
1,970
1,975
1,980
1,985
1,990
1,995
2,000
2,005
2,010
2,015
2,020
2,025
2,030
2,035
2,040
2,045
2,050
2,055
2,060
2,065
2,070
2,075
2,080
2,085
2,090
2,095
2,100
2,105
2,110
2,115
2,120
2,125
2,130
2,135
2,140
2,145
2,150
2,155
2,160
2,165
2,170
2,175
2,180
2,185
2,190
2,195
2,200
2,205
2,210
2,215
2,220
2,225
2,230
2,235
2,240
2,245
2,250
2,255
2,260
2,265
2,270
2,275
2,280
2,285
2,290
2,295
2,300
2,305
2,310
2,315
2,320
2,325
2,330
2,335
2,340
2,345
2,350
2,355
2,360
2,365
2,370
2,375
2,380
2,385
2,390
2,395
2,400
2,405
2,410
2,415
2,420
2,425
2,430
2,435
2,440
2,445
2,450
2,455
2,460
2,465
2,470
2,475
2,480
2,485
2,490
2,495
2,500
InsurTech Financing Activity: Quarterly
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Selected Large InsurTech Financings
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
20192017
Number of InsurTech Financings by Round Size
2018
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Selected InsurTech Financings in 2019
Announce Date Company Investor(s)
Amount
($ in mm)
Country
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Selected InsurTech Financings in 2019 (cont.)
Announce Date Company Investor(s)
Amount
($ in mm)
Country
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Selected InsurTech Financings in 2019 (cont.)
Announce Date Company Investor(s)
Amount
($ in mm)
Country
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Selected InsurTech Financings in 2019 (cont.)
Announce Date Company Investor(s)
Amount
($ in mm)
Country
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Selected InsurTech Financings in 2019 (cont.)
Announce Date Company Investor(s)
Amount
($ in mm)
Country
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Selected InsurTech Financings in 2019 (cont.)
Announce Date Company Investor(s)
Amount
($ in mm)
Country
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Selected InsurTech Financings in 2019 – Without Disclosed Amounts
Announce Date Company Investor(s)
Amount
($ in mm)
Country
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
InsurTech Financing Activity by Region in 2019
NORTH AMERICA ASIAEUROPE
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
NORTH AMERICA ASIAEUROPE
InsurTech Financing Volumes by Region
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
InsurTech Financing Deal Count by Region
NORTH AMERICA
ASIA
EUROPE
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Cumulative Financing of Private InsurTech Companies
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
InsurTech Company Statistics
Approximately 2,600
750+
370+ 70+230+
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Most Active InsurTech Investors Landscape
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Most Active InsurTech Investors – Traditional Venture Capital (Selected)
7
7
8
Current InsurTech
Investments
#
7
16 9 9 8
8 8 8
7 7 7
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Strategic / Corporate Investor Involvement in InsurTech Financing
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
6
Most Active InsurTech Investors – Strategic / Corporate Investors (Selected)
Current
InsurTech
Investments
#
17
5 429 6
Ventures
812 9910
5 5 5
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Most Active InsurTech Investors
Total InsurTech Investments in 2019 (including follow-ons)
Ranked by total number of investments in 2019 (including follow-ons)
3 2 1
3 0 3
3 1 2
3 3 0
3 3 0
3 2 1
3 1 2
3 2 1
3 1 2
7 3 4
5 5 0
4 1 3
4 1 3
4 3 1
3 2 1
3 1 2
3 2 1
3 2 1
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
3 1 2
3 3 0
3 2 1
3 2 1
3 3 0
3 2 1
Most Active InsurTech Investors (cont.)
Total InsurTech Investments in 2019 (including follow-ons)
Ranked by total number of investments in 2019 (including follow-ons)
5 4 1
4 0 4
4 2 2
4 3 1
4 2 2
3 0 3
3 2 1
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Annual Breakdown of InsurTech Financing Volume
$0.00$6.40$12.80$19.20$25.60$32.00$38.40$44.80$51.20$57.60$64.00$70.40$76.80$83.20$89.60$96.00$102.4 0$108.8 0$115.2 0$121.6 0$128.0 0$134.4 0$140.8 0$147.2 0$153.6 0$160.0 0$166.4 0$172.8 0$179.2 0$185.6 0$192.0 0$198.4 0$204.8 0$211.2 0$217.6 0$224.0 0$230.4 0$236.8 0$243.2 0$249.6 0$256.0 0$262.4 0$268.8 0$275.2 0$281.6 0$288.0 0$294.4 0$300.8 0$307.2 0$313.6 0$320.0 0$326.4 0$332.8 0$339.2 0$345.6 0$352.0 0$358.4 0$364.8 0$371.2 0$377.6 0$384.0 0$390.4 0$396.8 0$403.2 0$409.6 0$416.0 0$422.4 0$428.8 0$435.2 0$441.6 0$448.0 0$454.4 0$460.8 0$467.2 0$473.6 0$480.0 0$486.4 0$492.8 0$499.2 0$505.6 0$512.0 0$518.4 0$524.8 0$531.2 0$537.6 0$544.0 0$550.4 0$556.8 0$563.2 0$569.6 0$576.0 0$582.4 0$588.8 0$595.2 0$601.6 0$608.0 0$614.4 0$620.8 0$627.2 0$633.6 0$640.0 0$646.4 0$652.8 0$659.2 0$665.6 0$672.0 0$678.4 0$684.8 0$691.2 0$697.6 0$704.0 0$710.4 0$716.8 0$723.2 0$729.6 0$736.0 0$742.4 0$748.8 0$755.2 0$761.6 0$768.0 0$774.4 0$780.8 0$787.2 0$793.6 0$800.0 0$806.4 0$812.8 0$819.2 0$825.6 0$832.0 0$838.4 0$844.8 0$851.2 0$857.6 0$864.0 0$870.4 0$876.8 0$883.2 0$889.6 0$896.0 0$902.4 0$908.8 0$915.2 0$921.6 0$928.0 0$934.4 0$940.8 0$947.2 0$953.6 0$960.0 0$966.4 0$972.8 0$979.2 0$985.6 0$992.0 0$998.4 0$1,004 .80$1,011 .20$1,017 .60$1,024 .00$1,030 .40$1,036 .80$1,043 .20$1,049 .60$1,056 .00$1,062 .40$1,068 .80$1,075 .20$1,081 .60$1,088 .00$1,094 .40$1,100 .80$1,107 .20$1,113 .60$1,120 .00$1,126 .40$1,132 .80$1,139 .20$1,145 .60$1,152 .00$1,158 .40$1,164 .80$1,171 .20$1,177 .60$1,184 .00$1,190 .40$1,196 .80$1,203 .20$1,209 .60$1,216 .00$1,222 .40$1,228 .80$1,235 .20$1,241 .60$1,248 .00$1,254 .40$1,260 .80$1,267 .20$1,273 .60$1,280 .00$1,286 .40$1,292 .80$1,299 .20$1,305 .60$1,312 .00$1,318 .40$1,324 .80$1,331 .20$1,337 .60$1,344 .00$1,350 .40$1,356 .80$1,363 .20$1,369 .60$1,376 .00$1,382 .40$1,388 .80$1,395 .20$1,401 .60$1,408 .00$1,414 .40$1,420 .80$1,427 .20$1,433 .60$1,440 .00$1,446 .40$1,452 .80$1,459 .20$1,465 .60$1,472 .00$1,478 .40$1,484 .80$1,491 .20$1,497 .60$1,504 .00$1,510 .40$1,516 .80$1,523 .20$1,529 .60$1,536 .00$1,542 .40$1,548 .80$1,555 .20$1,561 .60$1,568 .00$1,574 .40$1,580 .80$1,587 .20$1,593 .60$1,600 .00$1,606 .40$1,612 .80$1,619 .20$1,625 .60$1,632 .00$1,638 .40$1,644 .80$1,651 .20$1,657 .60$1,664 .00$1,670 .40$1,676 .80$1,683 .20$1,689 .60$1,696 .00$1,702 .40$1,708 .80$1,715 .20$1,721 .60$1,728 .00$1,734 .40$1,740 .80$1,747 .20$1,753 .60$1,760 .00$1,766 .40$1,772 .80$1,779 .20$1,785 .60$1,792 .00$1,798 .40$1,804 .80$1,811 .20$1,817 .60$1,824 .00$1,830 .40$1,836 .80$1,843 .20$1,849 .60$1,856 .00$1,862 .40$1,868 .80$1,875 .20$1,881 .60$1,888 .00$1,894 .40$1,900 .80$1,907 .20$1,913 .60$1,920 .00$1,926 .40$1,932 .80$1,939 .20$1,945 .60$1,952 .00$1,958 .40$1,964 .80$1,971 .20$1,977 .60$1,984 .00$1,990 .40$1,996 .80$2,003 .20$2,009 .60$2,016 .00$2,022 .40$2,028 .80$2,035 .20$2,041 .60$2,048 .00$2,054 .40$2,060 .80$2,067 .20$2,073 .60$2,080 .00$2,086 .40$2,092 .80$2,099 .20$2,105 .60$2,112 .00$2,118 .40$2,124 .80$2,131 .20$2,137 .60$2,144 .00$2,150 .40$2,156 .80$2,163 .20$2,169 .60$2,176 .00$2,182 .40$2,188 .80$2,195 .20$2,201 .60$2,208 .00$2,214 .40$2,220 .80$2,227 .20$2,233 .60$2,240 .00$2,246 .40$2,252 .80$2,259 .20$2,265 .60$2,272 .00$2,278 .40$2,284 .80$2,291 .20$2,297 .60$2,304 .00$2,310 .40$2,316 .80$2,323 .20$2,329 .60$2,336 .00$2,342 .40$2,348 .80$2,355 .20$2,361 .60$2,368 .00$2,374 .40$2,380 .80$2,387 .20$2,393 .60$2,400 .00$2,406 .40$2,412 .80$2,419 .20$2,425 .60$2,432 .00$2,438 .40$2,444 .80$2,451 .20$2,457 .60$2,464 .00$2,470 .40$2,476 .80$2,483 .20$2,489 .60$2,496 .00$2,502 .40$2,508 .80$2,515 .20$2,521 .60$2,528 .00$2,534 .40$2,540 .80$2,547 .20$2,553 .60$2,560 .00$2,566 .40$2,572 .80$2,579 .20$2,585 .60$2,592 .00$2,598 .40$2,604 .80$2,611 .20$2,617 .60$2,624 .00$2,630 .40$2,636 .80$2,643 .20$2,649 .60$2,656 .00$2,662 .40$2,668 .80$2,675 .20$2,681 .60$2,688 .00$2,694 .40$2,700 .80$2,707 .20$2,713 .60$2,720 .00$2,726 .40$2,732 .80$2,739 .20$2,745 .60$2,752 .00$2,758 .40$2,764 .80$2,771 .20$2,777 .60$2,784 .00$2,790 .40$2,796 .80$2,803 .20$2,809 .60$2,816 .00$2,822 .40$2,828 .80$2,835 .20$2,841 .60$2,848 .00$2,854 .40$2,860 .80$2,867 .20$2,873 .60$2,880 .00$2,886 .40$2,892 .80$2,899 .20$2,905 .60$2,912 .00$2,918 .40$2,924 .80$2,931 .20$2,937 .60$2,944 .00$2,950 .40$2,956 .80$2,963 .20$2,969 .60$2,976 .00$2,982 .40$2,988 .80$2,995 .20$3,001 .60$3,008 .00$3,014 .40$3,020 .80$3,027 .20$3,033 .60$3,040 .00$3,046 .40$3,052 .80$3,059 .20$3,065 .60$3,072 .00$3,078 .40$3,084 .80$3,091 .20$3,097 .60$3,104 .00$3,110 .40$3,116 .80$3,123 .20$3,129 .60$3,136 .00$3,142 .40$3,148 .80$3,155 .20$3,161 .60$3,168 .00$3,174 .40$3,180 .80$3,187 .20$3,193 .60$3,200 .00
Life
Health
P&C
Diversified
Allocation of InsurTech Investments – P&C, Life, Health, Diversified
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Selected P&C Financings Selected Life Financings
Selected Diversified Financings
Selected Health Financings
Allocation of InsurTech Investments – P&C, Life, Health, Diversified (cont.)
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
$0.00
$10.77
$21.54
$32.31
$43.08$53.85
$64.62
$75.39$86.16
$96.93
$107.7 1
$118.4 8
$129.2 5
$140.0 2
$150.7 9$161.5 6
$172.3 3
$183.1 0$193.8 7
$204.6 4
$215.4 1
$226.1 8
$236.9 5
$247.7 2
$258.4 9$269.2 6
$280.0 3$290.8 0
$301.5 7
$312.3 4
$323.1 2
$333.8 9
$344.6 6
$355.4 3$366.2 0$376.9 7
$387.7 4$398.5 1
$409.2 8
$420.0 5
$430.8 2
$441.5 9$452.3 6
$463.1 3
$473.9 0$484.6 7
$495.4 4
$506.2 1
$516.9 8
$527.7 5
$538.5 3
$549.3 0$560.0 7
$570.8 4
$581.6 1$592.3 8
$603.1 5
$613.9 2
$624.6 9
$635.4 6
$646.2 3$657.0 0
$667.7 7
$678.5 4$689.3 1
$700.0 8
$710.8 5
$721.6 2
$732.3 9
$743.1 6
$753.9 4$764.7 1$775.4 8
$786.2 5$797.0 2
$807.7 9
$818.5 6
$829.3 3
$840.1 0$850.8 7
$861.6 4
$872.4 1$883.1 8
$893.9 5
$904.7 2
$915.4 9
$926.2 6
$937.0 3
$947.8 0$958.5 7
$969.3 5$980.1 2
$990.8 9
$1,001 .66
$1,012 .43
$1,023 .20
$1,033 .97
$1,044 .74$1,055 .51
$1,066 .28
$1,077 .05$1,087 .82
$1,098 .59
$1,109 .36
$1,120 .13
$1,130 .90
$1,141 .67
$1,152 .44$1,163 .21$1,173 .98
$1,184 .76
$1,195 .53
$1,206 .30
$1,217 .07
$1,227 .84
$1,238 .61$1,249 .38
$1,260 .15
$1,270 .92$1,281 .69
$1,292 .46
$1,303 .23
$1,314 .00
$1,324 .77
$1,335 .54$1,346 .31
$1,357 .08
$1,367 .85$1,378 .62
$1,389 .39
$1,400 .17
$1,410 .94
$1,421 .71
$1,432 .48
$1,443 .25$1,454 .02
$1,464 .79
$1,475 .56$1,486 .33
$1,497 .10
$1,507 .87
$1,518 .64
$1,529 .41
$1,540 .18
$1,550 .95$1,561 .72$1,572 .49
$1,583 .26
$1,594 .03
$1,604 .80
$1,615 .58
$1,626 .35
$1,637 .12$1,647 .89
$1,658 .66$1,669 .43
$1,680 .20
$1,690 .97
$1,701 .74
$1,712 .51
$1,723 .28
$1,734 .05$1,744 .82
$1,755 .59
$1,766 .36$1,777 .13
$1,787 .90
$1,798 .67
$1,809 .44
$1,820 .21
$1,830 .99
$1,841 .76$1,852 .53
$1,863 .30
$1,874 .07$1,884 .84
$1,895 .61
$1,906 .38
$1,917 .15
$1,927 .92
$1,938 .69$1,949 .46
$1,960 .23$1,971 .00
$1,981 .77
$1,992 .54
$2,003 .31
$2,014 .08
$2,024 .85
$2,035 .62$2,046 .40
$2,057 .17$2,067 .94
$2,078 .71
$2,089 .48
$2,100 .25
$2,111 .02
$2,121 .79
$2,132 .56$2,143 .33
$2,154 .10
$2,164 .87$2,175 .64
$2,186 .41
$2,197 .18
$2,207 .95
$2,218 .72
$2,229 .49
$2,240 .26$2,251 .03
$2,261 .81$2,272 .58
$2,283 .35
$2,294 .12
$2,304 .89
$2,315 .66
$2,326 .43
$2,337 .20$2,347 .97
$2,358 .74$2,369 .51
$2,380 .28
$2,391 .05
$2,401 .82
$2,412 .59
$2,423 .36$2,434 .13
$2,444 .90
$2,455 .67$2,466 .44
$2,477 .22
$2,487 .99
$2,498 .76
$2,509 .53
$2,520 .30
$2,531 .07$2,541 .84
$2,552 .61
$2,563 .38$2,574 .15
$2,584 .92
$2,595 .69
$2,606 .46
$2,617 .23
$2,628 .00$2,638 .77
$2,649 .54
$2,660 .31$2,671 .08
$2,681 .85
$2,692 .63
$2,703 .40
$2,714 .17
$2,724 .94
$2,735 .71$2,746 .48$2,757 .25
$2,768 .02
$2,778 .79
$2,789 .56
$2,800 .33
$2,811 .10
$2,821 .87$2,832 .64
$2,843 .41
$2,854 .18$2,864 .95
$2,875 .72
$2,886 .49
$2,897 .26
$2,908 .04$2,918 .81
$2,929 .58
$2,940 .35
$2,951 .12$2,961 .89
$2,972 .66
$2,983 .43$2,994 .20
$3,004 .97$3,015 .74
$3,026 .51
$3,037 .28
$3,048 .05$3,058 .82
$3,069 .59
$3,080 .36
$3,091 .13
$3,101 .90
$3,112 .67$3,123 .45
$3,134 .22
$3,144 .99$3,155 .76
$3,166 .53
$3,177 .30
$3,188 .07$3,198 .84
$3,209 .61$3,220 .38
$3,231 .15
$3,241 .92
$3,252 .69
$3,263 .46
$3,274 .23$3,285 .00
$3,295 .77
$3,306 .54$3,317 .31
$3,328 .08
$3,338 .86
$3,349 .63$3,360 .40
$3,371 .17
$3,381 .94$3,392 .71
$3,403 .48
$3,414 .25
$3,425 .02
$3,435 .79$3,446 .56
$3,457 .33
$3,468 .10
$3,478 .87
$3,489 .64
$3,500 .41
$3,511 .18$3,521 .95
$3,532 .72
$3,543 .49$3,554 .27
$3,565 .04
$3,575 .81
$3,586 .58$3,597 .35
$3,608 .12
$3,618 .89
$3,629 .66
$3,640 .43
$3,651 .20
$3,661 .97
$3,672 .74$3,683 .51
$3,694 .28
$3,705 .05$3,715 .82
$3,726 .59
$3,737 .36
$3,748 .13$3,758 .90
$3,769 .68
$3,780 .45$3,791 .22
$3,801 .99
$3,812 .76
$3,823 .53
$3,834 .30$3,845 .07
$3,855 .84
$3,866 .61
$3,877 .38
$3,888 .15
$3,898 .92
$3,909 .69$3,920 .46
$3,931 .23
$3,942 .00$3,952 .77
$3,963 .54
$3,974 .31
$3,985 .09$3,995 .86
$4,006 .63
$4,017 .40
$4,028 .17
$4,038 .94
$4,049 .71
$4,060 .48
$4,071 .25$4,082 .02
$4,092 .79
$4,103 .56$4,114 .33
$4,125 .10
$4,135 .87
$4,146 .64$4,157 .41
$4,168 .18
$4,178 .95$4,189 .72
$4,200 .50
$4,211 .27
$4,222 .04
$4,232 .81$4,243 .58
$4,254 .35
$4,265 .12
$4,275 .89
$4,286 .66
$4,297 .43
$4,308 .20$4,318 .97
$4,329 .74
$4,340 .51$4,351 .28
$4,362 .05
$4,372 .82
$4,383 .59$4,394 .36
$4,405 .13
$4,415 .91
$4,426 .68
$4,437 .45
$4,448 .22
$4,458 .99
$4,469 .76$4,480 .53
$4,491 .30
$4,502 .07$4,512 .84
$4,523 .61
$4,534 .38
$4,545 .15$4,555 .92
$4,566 .69$4,577 .46
$4,588 .23
$4,599 .00
$4,609 .77
$4,620 .54
$4,631 .32$4,642 .09
$4,652 .86
$4,663 .63
$4,674 .40
$4,685 .17
$4,695 .94
$4,706 .71$4,717 .48
$4,728 .25$4,739 .02
$4,749 .79
$4,760 .56
$4,771 .33
$4,782 .10$4,792 .87
$4,803 .64
$4,814 .41
$4,825 .18
$4,835 .95
$4,846 .73
$4,857 .50
$4,868 .27$4,879 .04
$4,889 .81$4,900 .58
$4,911 .35
$4,922 .12
$4,932 .89
$4,943 .66$4,954 .43
$4,965 .20$4,975 .97
$4,986 .74
$4,997 .51
$5,008 .28$5,019 .05
$5,029 .82$5,040 .59
$5,051 .36
$5,062 .14
$5,072 .91
$5,083 .68
$5,094 .45
$5,105 .22$5,115 .99
$5,126 .76$5,137 .53
$5,148 .30
$5,159 .07
$5,169 .84$5,180 .61
$5,191 .38
$5,202 .15
$5,212 .92
$5,223 .69
$5,234 .46
$5,245 .23
$5,256 .00
$5,266 .77$5,277 .55
$5,288 .32$5,299 .09
$5,309 .86
$5,320 .63
$5,331 .40$5,342 .17
$5,352 .94
$5,363 .71$5,374 .48
$5,385 .25
Tech
Insurance
$ in millions
Annual Breakdown of Insurance vs. Tech Financing Volume
Allocation of InsurTech Investments – Insurance vs. Tech
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Selected Insurance Financings Selected Technology Financings
Allocation of InsurTech Investments – Insurance vs. Tech (cont.)
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
InsurTech IPOs
•
•
•
•
•
•
•
•
•
•
$ in AUD
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Filing Date IPO Date Company
Amount Raised
($ in mm)
Description
InsurTech IPOs (cont.)
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
InsurTech M&A Activity
$ in millions
(25)
(5)
15
35
55
75
95
115
135
-501001502002503003504004505005506006507007508008509009501,0001,0501,1001,1501,2001,2501,3001,3501,4001,4501,5001,5501,6001,6501,7001,7501,8001,8501,9001,9502,0002,0502,1002,1502,2002,2502,3002,3502,4002,4502,5002,5502,6002,6502,7002,7502,8002,8502,9002,9503,0003,0503,1003,1503,2003,2503,3003,3503,4003,4503,5003,5503,6003,6503,7003,7503,8003,8503,9003,9504,0004,0504,1004,1504,2004,2504,3004,3504,4004,4504,5004,5504,6004,6504,7004,7504,8004,8504,9004,9505,0005,0505,1005,1505,2005,2505,3005,3505,4005,4505,5005,5505,6005,6505,7005,7505,8005,8505,9005,9506,0006,0506,1006,1506,2006,2506,3006,3506,4006,4506,5006,5506,6006,6506,7006,7506,8006,8506,9006,9507,0007,0507,1007,1507,2007,2507,3007,3507,4007,4507,5007,5507,6007,6507,7007,7507,8007,8507,9007,9508,0008,0508,1008,1508,2008,2508,3008,3508,4008,4508,5008,5508,6008,6508,7008,7508,8008,8508,9008,9509,0009,0509,1009,1509,2009,2509,3009,3509,4009,4509,5009,5509,6009,6509,7009,7509,8009,8509,9009,95010,00010,05010,10010,15010,20010,25010,30010,35010,40010,45010,50010,55010,60010,65010,70010,75010,80010,85010,90010,95011,00011,05011,10011,15011,20011,25011,30011,35011,40011,45011,50011,55011,60011,65011,70011,75011,80011,85011,90011,95012,00012,05012,10012,15012,20012,25012,30012,35012,40012,45012,50012,55012,60012,65012,70012,75012,80012,85012,90012,95013,00013,05013,10013,15013,20013,25013,30013,35013,40013,45013,50013,55013,60013,65013,70013,75013,80013,85013,90013,95014,00014,05014,10014,15014,20014,25014,30014,35014,40014,45014,50014,55014,60014,65014,70014,75014,80014,85014,90014,95015,00015,05015,10015,15015,20015,25015,30015,35015,40015,45015,50015,55015,60015,65015,70015,75015,80015,85015,90015,95016,00016,05016,10016,15016,20016,25016,30016,35016,40016,45016,50016,55016,60016,65016,70016,75016,80016,85016,90016,95017,00017,05017,10017,15017,20017,25017,30017,35017,40017,45017,50017,55017,60017,65017,70017,75017,80017,85017,90017,95018,00018,05018,10018,15018,20018,25018,30018,35018,40018,45018,50018,55018,60018,65018,70018,75018,80018,85018,90018,95019,00019,05019,10019,15019,20019,25019,30019,35019,40019,45019,50019,55019,60019,65019,70019,75019,80019,85019,90019,95020,00020,05020,10020,15020,20020,25020,30020,35020,40020,45020,50020,55020,60020,65020,70020,75020,80020,85020,90020,95021,00021,05021,10021,15021,20021,25021,30021,35021,40021,45021,50021,55021,60021,65021,70021,75021,80021,85021,90021,95022,00022,05022,10022,15022,20022,25022,30022,35022,40022,45022,50022,55022,60022,65022,70022,75022,80022,85022,90022,95023,00023,05023,10023,15023,20023,25023,30023,35023,40023,45023,50023,55023,60023,65023,70023,75023,80023,85023,90023,95024,00024,05024,10024,15024,20024,25024,30024,35024,40024,45024,50024,55024,60024,65024,70024,75024,80024,85024,90024,95025,000
M&A Volume
Number of Transactions
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Selected Strategic Acquisitions in 2019
Announce
Date
Target Company Acquirer(s)
Amount
($ in mm)
Target Description Target Country
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Recent InsurTech Acquisitions by Select Strategic Buyers – Insurance
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Recent InsurTech Acquisitions by Select Strategic Buyers – Data and Analytics
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Recent InsurTech Acquisitions by Select Strategic Buyers – Broker Core Systems Vendors
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Recent InsurTech Acquisitions by Select Strategic Buyers – Insurance Core Systems
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Recent InsurTech Acquisitions by Select Strategic Buyers – Insurance Core Systems (cont.)
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Selected Private Equity Buyouts in 2019
Announce
Date
Target Company Acquirer(s)
Amount
($ in mm)
Target Company
Year Founded
Target Country
FT PARTNERS RESEARCH
2019 INSURTECH ALMANAC
Non-InsurTech Strategic Acquisitions by InsurTech Companies
Announce
Date
Target Company InsurTech Acquirer(s)
Amount
($ in mm)
Target FinTech
Sector
Target: Country
FT Partners & InsurTech
FT Partners Research | February 2020
FT PARTNERS RESEARCH
FT PARTNERS – FOCUSED EXCLUSIVELY ON FINTECH
FT Partners’ Track Record of Success in InsurTech
FT PARTNERS RESEARCH
FT PARTNERS – FOCUSED EXCLUSIVELY ON FINTECH
FT Partners Advises Assurance on its Sale to Prudential for $3.5 billion
Transaction Overview
•
•
•
•
Significance of Transaction
•
•
•
•
FT Partners’ Role
•
•
FT PARTNERS RESEARCH
FT PARTNERS – FOCUSED EXCLUSIVELY ON FINTECH
Transaction Overview
•
•
‒
•
•
Significance of Transaction
•
•
FT Partners’ Role
•
•
•
•
FT Partners Advises SquareTrade on its Sale to Allstate for $1.4 billion
FT PARTNERS RESEARCH
FT PARTNERS – FOCUSED EXCLUSIVELY ON FINTECH
FT Partners Advises Next Insurance on its $250 million Financing
Transaction Overview
•
•
•
•
Significance of Transaction
•
•
•
FT Partners’ Role
•
•
•
FT PARTNERS RESEARCH
FT PARTNERS – FOCUSED EXCLUSIVELY ON FINTECH
FT Partners Advises Automatic on its $115 million Sale to SiriusXM
Transaction Overview
•
•
‒
•
Significance of Transaction
•
‒
FT Partners’ Role
•
•
FT PARTNERS RESEARCH
FT PARTNERS – FOCUSED EXCLUSIVELY ON FINTECH
FT Partners Advises Next Insurance on its $83 million Financing
Transaction Overview
•
•
•
Significance of Transaction
•
•
FT Partners’ Role
•
•
FT PARTNERS RESEARCH
FT PARTNERS – FOCUSED EXCLUSIVELY ON FINTECH
Transaction Overview
•
•
•
•
Significance of Transaction
•
•
FT Partners’ Role
•
•
FT Partners Advises Lennar on its $70 million Minority Investment in Hippo
FT PARTNERS RESEARCH
FT PARTNERS – FOCUSED EXCLUSIVELY ON FINTECH
Transaction Overview
•
̶
̶
•
̶
̶
•
•
Significance of Transaction
•
•
FT Partners’ Role
•
̶
•
FT Partners Advises Insureon on its $31 million Financing
FT PARTNERS RESEARCH
FT PARTNERS – FOCUSED EXCLUSIVELY ON FINTECH
FT Partners Advises Lennar on its sale of NATC and NATIC
Transaction Overview
•
•
•
Significance of Transaction
•
•
FT Partners’ Role
•
•
FT PARTNERS RESEARCH
FT PARTNERS – FOCUSED EXCLUSIVELY ON FINTECH
FT Partners Advises CoverWallet on its Sale to Aon
Transaction Overview
•
•
•
•
•
Significance of Transaction
•
•
•
FT Partners’ Role
•
•
FT PARTNERS RESEARCH
FT PARTNERS – FOCUSED EXCLUSIVELY ON FINTECH
FT Partners Advises Lennar on its sale of NATC and NATIC
Transaction Overview
•
•
•
•
•
Significance of Transaction
•
•
FT Partners’ Role
•
•
•
FT PARTNERS RESEARCH
FT PARTNERS – FOCUSED EXCLUSIVELY ON FINTECH
FT Partners Advises Goji on its Sale
Transaction Overview
•
•
̶
•
•
Significance of Transaction
•
•
FT Partners’ Role
•
•
•
FT PARTNERS RESEARCH
FT PARTNERS – FOCUSED EXCLUSIVELY ON FINTECH
Transaction Overview
•
•
̶
•
̶
Significance of Transaction
•
•
•
•
FT Partners’ Role
•
•
FT Partners Advises Enservio on its Sale to Solera
FT PARTNERS RESEARCH
FT PARTNERS – FOCUSED EXCLUSIVELY ON FINTECH
Highlights of the report include:
•
•
•
•
•
2019 FinTech Almanac
Click pictures to view report
FT Partners Research – 2019 FinTech Almanac
FT PARTNERS RESEARCH
FT PARTNERS – FOCUSED EXCLUSIVELY ON FINTECH
Prepare for the InsurTech Wave: Overview of
Key Insurance Technology Trends
•
•
•
•
Click pictures to view report
FT Partners Research – InsurTech Industry Report
FT PARTNERS RESEARCH
FT PARTNERS – FOCUSED EXCLUSIVELY ON FINTECH
FT Partners Research – Transaction Profiles Published in 2019
FT PARTNERS RESEARCH
FT PARTNERS – FOCUSED EXCLUSIVELY ON FINTECH
FT Partners Research – Exclusive CEO Interviews Published in 2019
Jamie Hale
VIEW
Ted Gramer
VIEW
Snejina
Zacharia
VIEWVIEW
Ami Daniel
VIEW
Elad Tsur
VIEW
Andrei Pop
VIEW
Mike Furlong
Gary Tolman
VIEW
Jennifer
Fitzgerald
VIEW
Sidd
Garvirneni
VIEWVIEW
Steven Mendel
FT PARTNERS RESEARCH
FT PARTNERS – FOCUSED EXCLUSIVELY ON FINTECH
Award-Winning Investment Banking Franchise Focused on Superior Client Results
FT PARTNERS RESEARCH
FT PARTNERS – FOCUSED EXCLUSIVELY ON FINTECH
The Largest FinTech Advisory Practice in the World
o
o
FT PARTNERS RESEARCH
FT PARTNERS – FOCUSED EXCLUSIVELY ON FINTECH
The FT Partners Senior Banker Team
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Name / Position Prior Background Experience / Education Years of Experience

FT Partners 2019 InsurTech Almanac

  • 1.
    FT Partners Research| February 2020 INSURTECH ALMANAC 2019 ANNUAL
  • 2.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Overview of FT Partners • • FT Partners’ Advisory Capabilities FT Partners’ FinTech Industry Research
  • 3.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC FT Partners’ Proprietary Data and Research Proprietary FinTech Database • Data Insights • FinTech Deal Statistics • Investment Trends • Industry Research • Public Comparables 33,500+ FinTech Companies 15,000+ Financings 12,500+ M&A Deals 11,500+ PE / VC Firms
  • 4.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC o o FT Partners’ Data o
  • 5.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Executive Summary Record high financing volume and deal count in 2019 $10.3 billion in M&A volume 100+ transactions Approximately & Highest M&A deal count and second highest volume ever 2019 InsurTech Statistics ~250 transactions Approximately & $6.8 billion in financing volume FINANCING M&A
  • 6.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Executive Summary o o o o o o o o o o o
  • 7.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC InsurTech Financing Activity: Annually 0 14 28 42 56 70 84 98 112 126 140 154 168 182 196 210 224 238 252 266 280 294 308 322 336 350 364 378 392 406 420 434 448 462 476 490 504 518 532 546 560 574 588 602 616 630 644 658 672 686 700 714 728 742 756 770 784 798 812 826 840 854 868 882 896 910 924 938 952 966 980 994 1008 1022 1036 1050 1064 1078 1092 1106 1120 1134 1148 1162 1176 1190 1204 1218 1232 1246 1260 1274 1288 1302 1316 1330 1344 1358 1372 1386 1400 1414 1428 1442 1456 1470 1484 1498 1512 1526 1540 1554 1568 1582 1596 1610 1624 1638 1652 1666 1680 1694 1708 1722 1736 1750 1764 1778 1792 1806 1820 1834 1848 1862 1876 1890 1904 1918 1932 1946 1960 1974 1988 2002 2016 2030 2044 2058 2072 2086 2100 2114 2128 2142 2156 2170 2184 2198 2212 2226 2240 2254 2268 2282 2296 2310 2324 2338 2352 2366 2380 2394 2408 2422 2436 2450 2464 2478 2492 2506 2520 2534 2548 2562 2576 2590 2604 2618 2632 2646 2660 2674 2688 2702 2716 2730 2744 2758 2772 2786 2800 2814 2828 2842 2856 2870 2884 2898 2912 2926 2940 2954 2968 2982 2996 3010 3024 3038 3052 3066 3080 3094 3108 3122 3136 3150 3164 3178 3192 3206 3220 3234 3248 3262 3276 3290 3304 3318 3332 3346 3360 3374 3388 3402 3416 3430 3444 3458 3472 3486 3500 3514 3528 3542 3556 3570 3584 3598 3612 3626 3640 3654 3668 3682 3696 3710 3724 3738 3752 3766 3780 3794 3808 3822 3836 3850 3864 3878 3892 3906 3920 3934 3948 3962 3976 3990 4004 4018 4032 4046 4060 4074 4088 4102 4116 4130 4144 4158 4172 4186 4200 4214 4228 4242 4256 4270 4284 4298 4312 4326 4340 4354 4368 4382 4396 4410 4424 4438 4452 4466 4480 4494 4508 4522 4536 4550 4564 4578 4592 4606 4620 4634 4648 4662 4676 4690 4704 4718 4732 4746 4760 4774 4788 4802 4816 4830 4844 4858 4872 4886 4900 4914 4928 4942 4956 4970 4984 4998 5012 5026 5040 5054 5068 5082 5096 5110 5124 5138 5152 5166 5180 5194 5208 5222 5236 5250 5264 5278 5292 5306 5320 5334 5348 5362 5376 5390 5404 5418 5432 5446 5460 5474 5488 5502 5516 5530 5544 5558 5572 5586 5600 5614 5628 5642 5656 5670 5684 5698 5712 5726 5740 5754 5768 5782 5796 5810 5824 5838 5852 5866 5880 5894 5908 5922 5936 5950 5964 5978 5992 6006 6020 6034 6048 6062 6076 6090 6104 6118 6132 6146 6160 6174 6188 6202 6216 6230 6244 6258 6272 6286 6300 6314 6328 6342 6356 6370 6384 6398 6412 6426 6440 6454 6468 6482 6496 6510 6524 6538 6552 6566 6580 6594 6608 6622 6636 6650 6664 6678 6692 6706 6720 6734 6748 6762 6776 6790 6804 6818 6832 6846 6860 6874 6888 6902 6916 6930 6944 6958 6972 6986 7000
  • 8.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC (180 ) (130 ) (80) (30) 20 - 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 95 100 105 110 115 120 125 130 135 140 145 150 155 160 165 170 175 180 185 190 195 200 205 210 215 220 225 230 235 240 245 250 255 260 265 270 275 280 285 290 295 300 305 310 315 320 325 330 335 340 345 350 355 360 365 370 375 380 385 390 395 400 405 410 415 420 425 430 435 440 445 450 455 460 465 470 475 480 485 490 495 500 505 510 515 520 525 530 535 540 545 550 555 560 565 570 575 580 585 590 595 600 605 610 615 620 625 630 635 640 645 650 655 660 665 670 675 680 685 690 695 700 705 710 715 720 725 730 735 740 745 750 755 760 765 770 775 780 785 790 795 800 805 810 815 820 825 830 835 840 845 850 855 860 865 870 875 880 885 890 895 900 905 910 915 920 925 930 935 940 945 950 955 960 965 970 975 980 985 990 995 1,000 1,005 1,010 1,015 1,020 1,025 1,030 1,035 1,040 1,045 1,050 1,055 1,060 1,065 1,070 1,075 1,080 1,085 1,090 1,095 1,100 1,105 1,110 1,115 1,120 1,125 1,130 1,135 1,140 1,145 1,150 1,155 1,160 1,165 1,170 1,175 1,180 1,185 1,190 1,195 1,200 1,205 1,210 1,215 1,220 1,225 1,230 1,235 1,240 1,245 1,250 1,255 1,260 1,265 1,270 1,275 1,280 1,285 1,290 1,295 1,300 1,305 1,310 1,315 1,320 1,325 1,330 1,335 1,340 1,345 1,350 1,355 1,360 1,365 1,370 1,375 1,380 1,385 1,390 1,395 1,400 1,405 1,410 1,415 1,420 1,425 1,430 1,435 1,440 1,445 1,450 1,455 1,460 1,465 1,470 1,475 1,480 1,485 1,490 1,495 1,500 1,505 1,510 1,515 1,520 1,525 1,530 1,535 1,540 1,545 1,550 1,555 1,560 1,565 1,570 1,575 1,580 1,585 1,590 1,595 1,600 1,605 1,610 1,615 1,620 1,625 1,630 1,635 1,640 1,645 1,650 1,655 1,660 1,665 1,670 1,675 1,680 1,685 1,690 1,695 1,700 1,705 1,710 1,715 1,720 1,725 1,730 1,735 1,740 1,745 1,750 1,755 1,760 1,765 1,770 1,775 1,780 1,785 1,790 1,795 1,800 1,805 1,810 1,815 1,820 1,825 1,830 1,835 1,840 1,845 1,850 1,855 1,860 1,865 1,870 1,875 1,880 1,885 1,890 1,895 1,900 1,905 1,910 1,915 1,920 1,925 1,930 1,935 1,940 1,945 1,950 1,955 1,960 1,965 1,970 1,975 1,980 1,985 1,990 1,995 2,000 2,005 2,010 2,015 2,020 2,025 2,030 2,035 2,040 2,045 2,050 2,055 2,060 2,065 2,070 2,075 2,080 2,085 2,090 2,095 2,100 2,105 2,110 2,115 2,120 2,125 2,130 2,135 2,140 2,145 2,150 2,155 2,160 2,165 2,170 2,175 2,180 2,185 2,190 2,195 2,200 2,205 2,210 2,215 2,220 2,225 2,230 2,235 2,240 2,245 2,250 2,255 2,260 2,265 2,270 2,275 2,280 2,285 2,290 2,295 2,300 2,305 2,310 2,315 2,320 2,325 2,330 2,335 2,340 2,345 2,350 2,355 2,360 2,365 2,370 2,375 2,380 2,385 2,390 2,395 2,400 2,405 2,410 2,415 2,420 2,425 2,430 2,435 2,440 2,445 2,450 2,455 2,460 2,465 2,470 2,475 2,480 2,485 2,490 2,495 2,500 InsurTech Financing Activity: Quarterly
  • 9.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Selected Large InsurTech Financings
  • 10.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC 20192017 Number of InsurTech Financings by Round Size 2018
  • 11.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Selected InsurTech Financings in 2019 Announce Date Company Investor(s) Amount ($ in mm) Country
  • 12.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Selected InsurTech Financings in 2019 (cont.) Announce Date Company Investor(s) Amount ($ in mm) Country
  • 13.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Selected InsurTech Financings in 2019 (cont.) Announce Date Company Investor(s) Amount ($ in mm) Country
  • 14.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Selected InsurTech Financings in 2019 (cont.) Announce Date Company Investor(s) Amount ($ in mm) Country
  • 15.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Selected InsurTech Financings in 2019 (cont.) Announce Date Company Investor(s) Amount ($ in mm) Country
  • 16.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Selected InsurTech Financings in 2019 (cont.) Announce Date Company Investor(s) Amount ($ in mm) Country
  • 17.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Selected InsurTech Financings in 2019 – Without Disclosed Amounts Announce Date Company Investor(s) Amount ($ in mm) Country
  • 18.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC InsurTech Financing Activity by Region in 2019 NORTH AMERICA ASIAEUROPE
  • 19.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC NORTH AMERICA ASIAEUROPE InsurTech Financing Volumes by Region
  • 20.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC InsurTech Financing Deal Count by Region NORTH AMERICA ASIA EUROPE
  • 21.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Cumulative Financing of Private InsurTech Companies
  • 22.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC InsurTech Company Statistics Approximately 2,600 750+ 370+ 70+230+
  • 23.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Most Active InsurTech Investors Landscape
  • 24.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Most Active InsurTech Investors – Traditional Venture Capital (Selected) 7 7 8 Current InsurTech Investments # 7 16 9 9 8 8 8 8 7 7 7
  • 25.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Strategic / Corporate Investor Involvement in InsurTech Financing
  • 26.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC 6 Most Active InsurTech Investors – Strategic / Corporate Investors (Selected) Current InsurTech Investments # 17 5 429 6 Ventures 812 9910 5 5 5
  • 27.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Most Active InsurTech Investors Total InsurTech Investments in 2019 (including follow-ons) Ranked by total number of investments in 2019 (including follow-ons) 3 2 1 3 0 3 3 1 2 3 3 0 3 3 0 3 2 1 3 1 2 3 2 1 3 1 2 7 3 4 5 5 0 4 1 3 4 1 3 4 3 1 3 2 1 3 1 2 3 2 1 3 2 1
  • 28.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC 3 1 2 3 3 0 3 2 1 3 2 1 3 3 0 3 2 1 Most Active InsurTech Investors (cont.) Total InsurTech Investments in 2019 (including follow-ons) Ranked by total number of investments in 2019 (including follow-ons) 5 4 1 4 0 4 4 2 2 4 3 1 4 2 2 3 0 3 3 2 1
  • 29.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Annual Breakdown of InsurTech Financing Volume $0.00$6.40$12.80$19.20$25.60$32.00$38.40$44.80$51.20$57.60$64.00$70.40$76.80$83.20$89.60$96.00$102.4 0$108.8 0$115.2 0$121.6 0$128.0 0$134.4 0$140.8 0$147.2 0$153.6 0$160.0 0$166.4 0$172.8 0$179.2 0$185.6 0$192.0 0$198.4 0$204.8 0$211.2 0$217.6 0$224.0 0$230.4 0$236.8 0$243.2 0$249.6 0$256.0 0$262.4 0$268.8 0$275.2 0$281.6 0$288.0 0$294.4 0$300.8 0$307.2 0$313.6 0$320.0 0$326.4 0$332.8 0$339.2 0$345.6 0$352.0 0$358.4 0$364.8 0$371.2 0$377.6 0$384.0 0$390.4 0$396.8 0$403.2 0$409.6 0$416.0 0$422.4 0$428.8 0$435.2 0$441.6 0$448.0 0$454.4 0$460.8 0$467.2 0$473.6 0$480.0 0$486.4 0$492.8 0$499.2 0$505.6 0$512.0 0$518.4 0$524.8 0$531.2 0$537.6 0$544.0 0$550.4 0$556.8 0$563.2 0$569.6 0$576.0 0$582.4 0$588.8 0$595.2 0$601.6 0$608.0 0$614.4 0$620.8 0$627.2 0$633.6 0$640.0 0$646.4 0$652.8 0$659.2 0$665.6 0$672.0 0$678.4 0$684.8 0$691.2 0$697.6 0$704.0 0$710.4 0$716.8 0$723.2 0$729.6 0$736.0 0$742.4 0$748.8 0$755.2 0$761.6 0$768.0 0$774.4 0$780.8 0$787.2 0$793.6 0$800.0 0$806.4 0$812.8 0$819.2 0$825.6 0$832.0 0$838.4 0$844.8 0$851.2 0$857.6 0$864.0 0$870.4 0$876.8 0$883.2 0$889.6 0$896.0 0$902.4 0$908.8 0$915.2 0$921.6 0$928.0 0$934.4 0$940.8 0$947.2 0$953.6 0$960.0 0$966.4 0$972.8 0$979.2 0$985.6 0$992.0 0$998.4 0$1,004 .80$1,011 .20$1,017 .60$1,024 .00$1,030 .40$1,036 .80$1,043 .20$1,049 .60$1,056 .00$1,062 .40$1,068 .80$1,075 .20$1,081 .60$1,088 .00$1,094 .40$1,100 .80$1,107 .20$1,113 .60$1,120 .00$1,126 .40$1,132 .80$1,139 .20$1,145 .60$1,152 .00$1,158 .40$1,164 .80$1,171 .20$1,177 .60$1,184 .00$1,190 .40$1,196 .80$1,203 .20$1,209 .60$1,216 .00$1,222 .40$1,228 .80$1,235 .20$1,241 .60$1,248 .00$1,254 .40$1,260 .80$1,267 .20$1,273 .60$1,280 .00$1,286 .40$1,292 .80$1,299 .20$1,305 .60$1,312 .00$1,318 .40$1,324 .80$1,331 .20$1,337 .60$1,344 .00$1,350 .40$1,356 .80$1,363 .20$1,369 .60$1,376 .00$1,382 .40$1,388 .80$1,395 .20$1,401 .60$1,408 .00$1,414 .40$1,420 .80$1,427 .20$1,433 .60$1,440 .00$1,446 .40$1,452 .80$1,459 .20$1,465 .60$1,472 .00$1,478 .40$1,484 .80$1,491 .20$1,497 .60$1,504 .00$1,510 .40$1,516 .80$1,523 .20$1,529 .60$1,536 .00$1,542 .40$1,548 .80$1,555 .20$1,561 .60$1,568 .00$1,574 .40$1,580 .80$1,587 .20$1,593 .60$1,600 .00$1,606 .40$1,612 .80$1,619 .20$1,625 .60$1,632 .00$1,638 .40$1,644 .80$1,651 .20$1,657 .60$1,664 .00$1,670 .40$1,676 .80$1,683 .20$1,689 .60$1,696 .00$1,702 .40$1,708 .80$1,715 .20$1,721 .60$1,728 .00$1,734 .40$1,740 .80$1,747 .20$1,753 .60$1,760 .00$1,766 .40$1,772 .80$1,779 .20$1,785 .60$1,792 .00$1,798 .40$1,804 .80$1,811 .20$1,817 .60$1,824 .00$1,830 .40$1,836 .80$1,843 .20$1,849 .60$1,856 .00$1,862 .40$1,868 .80$1,875 .20$1,881 .60$1,888 .00$1,894 .40$1,900 .80$1,907 .20$1,913 .60$1,920 .00$1,926 .40$1,932 .80$1,939 .20$1,945 .60$1,952 .00$1,958 .40$1,964 .80$1,971 .20$1,977 .60$1,984 .00$1,990 .40$1,996 .80$2,003 .20$2,009 .60$2,016 .00$2,022 .40$2,028 .80$2,035 .20$2,041 .60$2,048 .00$2,054 .40$2,060 .80$2,067 .20$2,073 .60$2,080 .00$2,086 .40$2,092 .80$2,099 .20$2,105 .60$2,112 .00$2,118 .40$2,124 .80$2,131 .20$2,137 .60$2,144 .00$2,150 .40$2,156 .80$2,163 .20$2,169 .60$2,176 .00$2,182 .40$2,188 .80$2,195 .20$2,201 .60$2,208 .00$2,214 .40$2,220 .80$2,227 .20$2,233 .60$2,240 .00$2,246 .40$2,252 .80$2,259 .20$2,265 .60$2,272 .00$2,278 .40$2,284 .80$2,291 .20$2,297 .60$2,304 .00$2,310 .40$2,316 .80$2,323 .20$2,329 .60$2,336 .00$2,342 .40$2,348 .80$2,355 .20$2,361 .60$2,368 .00$2,374 .40$2,380 .80$2,387 .20$2,393 .60$2,400 .00$2,406 .40$2,412 .80$2,419 .20$2,425 .60$2,432 .00$2,438 .40$2,444 .80$2,451 .20$2,457 .60$2,464 .00$2,470 .40$2,476 .80$2,483 .20$2,489 .60$2,496 .00$2,502 .40$2,508 .80$2,515 .20$2,521 .60$2,528 .00$2,534 .40$2,540 .80$2,547 .20$2,553 .60$2,560 .00$2,566 .40$2,572 .80$2,579 .20$2,585 .60$2,592 .00$2,598 .40$2,604 .80$2,611 .20$2,617 .60$2,624 .00$2,630 .40$2,636 .80$2,643 .20$2,649 .60$2,656 .00$2,662 .40$2,668 .80$2,675 .20$2,681 .60$2,688 .00$2,694 .40$2,700 .80$2,707 .20$2,713 .60$2,720 .00$2,726 .40$2,732 .80$2,739 .20$2,745 .60$2,752 .00$2,758 .40$2,764 .80$2,771 .20$2,777 .60$2,784 .00$2,790 .40$2,796 .80$2,803 .20$2,809 .60$2,816 .00$2,822 .40$2,828 .80$2,835 .20$2,841 .60$2,848 .00$2,854 .40$2,860 .80$2,867 .20$2,873 .60$2,880 .00$2,886 .40$2,892 .80$2,899 .20$2,905 .60$2,912 .00$2,918 .40$2,924 .80$2,931 .20$2,937 .60$2,944 .00$2,950 .40$2,956 .80$2,963 .20$2,969 .60$2,976 .00$2,982 .40$2,988 .80$2,995 .20$3,001 .60$3,008 .00$3,014 .40$3,020 .80$3,027 .20$3,033 .60$3,040 .00$3,046 .40$3,052 .80$3,059 .20$3,065 .60$3,072 .00$3,078 .40$3,084 .80$3,091 .20$3,097 .60$3,104 .00$3,110 .40$3,116 .80$3,123 .20$3,129 .60$3,136 .00$3,142 .40$3,148 .80$3,155 .20$3,161 .60$3,168 .00$3,174 .40$3,180 .80$3,187 .20$3,193 .60$3,200 .00 Life Health P&C Diversified Allocation of InsurTech Investments – P&C, Life, Health, Diversified
  • 30.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Selected P&C Financings Selected Life Financings Selected Diversified Financings Selected Health Financings Allocation of InsurTech Investments – P&C, Life, Health, Diversified (cont.)
  • 31.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC $0.00 $10.77 $21.54 $32.31 $43.08$53.85 $64.62 $75.39$86.16 $96.93 $107.7 1 $118.4 8 $129.2 5 $140.0 2 $150.7 9$161.5 6 $172.3 3 $183.1 0$193.8 7 $204.6 4 $215.4 1 $226.1 8 $236.9 5 $247.7 2 $258.4 9$269.2 6 $280.0 3$290.8 0 $301.5 7 $312.3 4 $323.1 2 $333.8 9 $344.6 6 $355.4 3$366.2 0$376.9 7 $387.7 4$398.5 1 $409.2 8 $420.0 5 $430.8 2 $441.5 9$452.3 6 $463.1 3 $473.9 0$484.6 7 $495.4 4 $506.2 1 $516.9 8 $527.7 5 $538.5 3 $549.3 0$560.0 7 $570.8 4 $581.6 1$592.3 8 $603.1 5 $613.9 2 $624.6 9 $635.4 6 $646.2 3$657.0 0 $667.7 7 $678.5 4$689.3 1 $700.0 8 $710.8 5 $721.6 2 $732.3 9 $743.1 6 $753.9 4$764.7 1$775.4 8 $786.2 5$797.0 2 $807.7 9 $818.5 6 $829.3 3 $840.1 0$850.8 7 $861.6 4 $872.4 1$883.1 8 $893.9 5 $904.7 2 $915.4 9 $926.2 6 $937.0 3 $947.8 0$958.5 7 $969.3 5$980.1 2 $990.8 9 $1,001 .66 $1,012 .43 $1,023 .20 $1,033 .97 $1,044 .74$1,055 .51 $1,066 .28 $1,077 .05$1,087 .82 $1,098 .59 $1,109 .36 $1,120 .13 $1,130 .90 $1,141 .67 $1,152 .44$1,163 .21$1,173 .98 $1,184 .76 $1,195 .53 $1,206 .30 $1,217 .07 $1,227 .84 $1,238 .61$1,249 .38 $1,260 .15 $1,270 .92$1,281 .69 $1,292 .46 $1,303 .23 $1,314 .00 $1,324 .77 $1,335 .54$1,346 .31 $1,357 .08 $1,367 .85$1,378 .62 $1,389 .39 $1,400 .17 $1,410 .94 $1,421 .71 $1,432 .48 $1,443 .25$1,454 .02 $1,464 .79 $1,475 .56$1,486 .33 $1,497 .10 $1,507 .87 $1,518 .64 $1,529 .41 $1,540 .18 $1,550 .95$1,561 .72$1,572 .49 $1,583 .26 $1,594 .03 $1,604 .80 $1,615 .58 $1,626 .35 $1,637 .12$1,647 .89 $1,658 .66$1,669 .43 $1,680 .20 $1,690 .97 $1,701 .74 $1,712 .51 $1,723 .28 $1,734 .05$1,744 .82 $1,755 .59 $1,766 .36$1,777 .13 $1,787 .90 $1,798 .67 $1,809 .44 $1,820 .21 $1,830 .99 $1,841 .76$1,852 .53 $1,863 .30 $1,874 .07$1,884 .84 $1,895 .61 $1,906 .38 $1,917 .15 $1,927 .92 $1,938 .69$1,949 .46 $1,960 .23$1,971 .00 $1,981 .77 $1,992 .54 $2,003 .31 $2,014 .08 $2,024 .85 $2,035 .62$2,046 .40 $2,057 .17$2,067 .94 $2,078 .71 $2,089 .48 $2,100 .25 $2,111 .02 $2,121 .79 $2,132 .56$2,143 .33 $2,154 .10 $2,164 .87$2,175 .64 $2,186 .41 $2,197 .18 $2,207 .95 $2,218 .72 $2,229 .49 $2,240 .26$2,251 .03 $2,261 .81$2,272 .58 $2,283 .35 $2,294 .12 $2,304 .89 $2,315 .66 $2,326 .43 $2,337 .20$2,347 .97 $2,358 .74$2,369 .51 $2,380 .28 $2,391 .05 $2,401 .82 $2,412 .59 $2,423 .36$2,434 .13 $2,444 .90 $2,455 .67$2,466 .44 $2,477 .22 $2,487 .99 $2,498 .76 $2,509 .53 $2,520 .30 $2,531 .07$2,541 .84 $2,552 .61 $2,563 .38$2,574 .15 $2,584 .92 $2,595 .69 $2,606 .46 $2,617 .23 $2,628 .00$2,638 .77 $2,649 .54 $2,660 .31$2,671 .08 $2,681 .85 $2,692 .63 $2,703 .40 $2,714 .17 $2,724 .94 $2,735 .71$2,746 .48$2,757 .25 $2,768 .02 $2,778 .79 $2,789 .56 $2,800 .33 $2,811 .10 $2,821 .87$2,832 .64 $2,843 .41 $2,854 .18$2,864 .95 $2,875 .72 $2,886 .49 $2,897 .26 $2,908 .04$2,918 .81 $2,929 .58 $2,940 .35 $2,951 .12$2,961 .89 $2,972 .66 $2,983 .43$2,994 .20 $3,004 .97$3,015 .74 $3,026 .51 $3,037 .28 $3,048 .05$3,058 .82 $3,069 .59 $3,080 .36 $3,091 .13 $3,101 .90 $3,112 .67$3,123 .45 $3,134 .22 $3,144 .99$3,155 .76 $3,166 .53 $3,177 .30 $3,188 .07$3,198 .84 $3,209 .61$3,220 .38 $3,231 .15 $3,241 .92 $3,252 .69 $3,263 .46 $3,274 .23$3,285 .00 $3,295 .77 $3,306 .54$3,317 .31 $3,328 .08 $3,338 .86 $3,349 .63$3,360 .40 $3,371 .17 $3,381 .94$3,392 .71 $3,403 .48 $3,414 .25 $3,425 .02 $3,435 .79$3,446 .56 $3,457 .33 $3,468 .10 $3,478 .87 $3,489 .64 $3,500 .41 $3,511 .18$3,521 .95 $3,532 .72 $3,543 .49$3,554 .27 $3,565 .04 $3,575 .81 $3,586 .58$3,597 .35 $3,608 .12 $3,618 .89 $3,629 .66 $3,640 .43 $3,651 .20 $3,661 .97 $3,672 .74$3,683 .51 $3,694 .28 $3,705 .05$3,715 .82 $3,726 .59 $3,737 .36 $3,748 .13$3,758 .90 $3,769 .68 $3,780 .45$3,791 .22 $3,801 .99 $3,812 .76 $3,823 .53 $3,834 .30$3,845 .07 $3,855 .84 $3,866 .61 $3,877 .38 $3,888 .15 $3,898 .92 $3,909 .69$3,920 .46 $3,931 .23 $3,942 .00$3,952 .77 $3,963 .54 $3,974 .31 $3,985 .09$3,995 .86 $4,006 .63 $4,017 .40 $4,028 .17 $4,038 .94 $4,049 .71 $4,060 .48 $4,071 .25$4,082 .02 $4,092 .79 $4,103 .56$4,114 .33 $4,125 .10 $4,135 .87 $4,146 .64$4,157 .41 $4,168 .18 $4,178 .95$4,189 .72 $4,200 .50 $4,211 .27 $4,222 .04 $4,232 .81$4,243 .58 $4,254 .35 $4,265 .12 $4,275 .89 $4,286 .66 $4,297 .43 $4,308 .20$4,318 .97 $4,329 .74 $4,340 .51$4,351 .28 $4,362 .05 $4,372 .82 $4,383 .59$4,394 .36 $4,405 .13 $4,415 .91 $4,426 .68 $4,437 .45 $4,448 .22 $4,458 .99 $4,469 .76$4,480 .53 $4,491 .30 $4,502 .07$4,512 .84 $4,523 .61 $4,534 .38 $4,545 .15$4,555 .92 $4,566 .69$4,577 .46 $4,588 .23 $4,599 .00 $4,609 .77 $4,620 .54 $4,631 .32$4,642 .09 $4,652 .86 $4,663 .63 $4,674 .40 $4,685 .17 $4,695 .94 $4,706 .71$4,717 .48 $4,728 .25$4,739 .02 $4,749 .79 $4,760 .56 $4,771 .33 $4,782 .10$4,792 .87 $4,803 .64 $4,814 .41 $4,825 .18 $4,835 .95 $4,846 .73 $4,857 .50 $4,868 .27$4,879 .04 $4,889 .81$4,900 .58 $4,911 .35 $4,922 .12 $4,932 .89 $4,943 .66$4,954 .43 $4,965 .20$4,975 .97 $4,986 .74 $4,997 .51 $5,008 .28$5,019 .05 $5,029 .82$5,040 .59 $5,051 .36 $5,062 .14 $5,072 .91 $5,083 .68 $5,094 .45 $5,105 .22$5,115 .99 $5,126 .76$5,137 .53 $5,148 .30 $5,159 .07 $5,169 .84$5,180 .61 $5,191 .38 $5,202 .15 $5,212 .92 $5,223 .69 $5,234 .46 $5,245 .23 $5,256 .00 $5,266 .77$5,277 .55 $5,288 .32$5,299 .09 $5,309 .86 $5,320 .63 $5,331 .40$5,342 .17 $5,352 .94 $5,363 .71$5,374 .48 $5,385 .25 Tech Insurance $ in millions Annual Breakdown of Insurance vs. Tech Financing Volume Allocation of InsurTech Investments – Insurance vs. Tech
  • 32.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Selected Insurance Financings Selected Technology Financings Allocation of InsurTech Investments – Insurance vs. Tech (cont.)
  • 33.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC InsurTech IPOs • • • • • • • • • • $ in AUD
  • 34.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Filing Date IPO Date Company Amount Raised ($ in mm) Description InsurTech IPOs (cont.)
  • 35.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC InsurTech M&A Activity $ in millions (25) (5) 15 35 55 75 95 115 135 -501001502002503003504004505005506006507007508008509009501,0001,0501,1001,1501,2001,2501,3001,3501,4001,4501,5001,5501,6001,6501,7001,7501,8001,8501,9001,9502,0002,0502,1002,1502,2002,2502,3002,3502,4002,4502,5002,5502,6002,6502,7002,7502,8002,8502,9002,9503,0003,0503,1003,1503,2003,2503,3003,3503,4003,4503,5003,5503,6003,6503,7003,7503,8003,8503,9003,9504,0004,0504,1004,1504,2004,2504,3004,3504,4004,4504,5004,5504,6004,6504,7004,7504,8004,8504,9004,9505,0005,0505,1005,1505,2005,2505,3005,3505,4005,4505,5005,5505,6005,6505,7005,7505,8005,8505,9005,9506,0006,0506,1006,1506,2006,2506,3006,3506,4006,4506,5006,5506,6006,6506,7006,7506,8006,8506,9006,9507,0007,0507,1007,1507,2007,2507,3007,3507,4007,4507,5007,5507,6007,6507,7007,7507,8007,8507,9007,9508,0008,0508,1008,1508,2008,2508,3008,3508,4008,4508,5008,5508,6008,6508,7008,7508,8008,8508,9008,9509,0009,0509,1009,1509,2009,2509,3009,3509,4009,4509,5009,5509,6009,6509,7009,7509,8009,8509,9009,95010,00010,05010,10010,15010,20010,25010,30010,35010,40010,45010,50010,55010,60010,65010,70010,75010,80010,85010,90010,95011,00011,05011,10011,15011,20011,25011,30011,35011,40011,45011,50011,55011,60011,65011,70011,75011,80011,85011,90011,95012,00012,05012,10012,15012,20012,25012,30012,35012,40012,45012,50012,55012,60012,65012,70012,75012,80012,85012,90012,95013,00013,05013,10013,15013,20013,25013,30013,35013,40013,45013,50013,55013,60013,65013,70013,75013,80013,85013,90013,95014,00014,05014,10014,15014,20014,25014,30014,35014,40014,45014,50014,55014,60014,65014,70014,75014,80014,85014,90014,95015,00015,05015,10015,15015,20015,25015,30015,35015,40015,45015,50015,55015,60015,65015,70015,75015,80015,85015,90015,95016,00016,05016,10016,15016,20016,25016,30016,35016,40016,45016,50016,55016,60016,65016,70016,75016,80016,85016,90016,95017,00017,05017,10017,15017,20017,25017,30017,35017,40017,45017,50017,55017,60017,65017,70017,75017,80017,85017,90017,95018,00018,05018,10018,15018,20018,25018,30018,35018,40018,45018,50018,55018,60018,65018,70018,75018,80018,85018,90018,95019,00019,05019,10019,15019,20019,25019,30019,35019,40019,45019,50019,55019,60019,65019,70019,75019,80019,85019,90019,95020,00020,05020,10020,15020,20020,25020,30020,35020,40020,45020,50020,55020,60020,65020,70020,75020,80020,85020,90020,95021,00021,05021,10021,15021,20021,25021,30021,35021,40021,45021,50021,55021,60021,65021,70021,75021,80021,85021,90021,95022,00022,05022,10022,15022,20022,25022,30022,35022,40022,45022,50022,55022,60022,65022,70022,75022,80022,85022,90022,95023,00023,05023,10023,15023,20023,25023,30023,35023,40023,45023,50023,55023,60023,65023,70023,75023,80023,85023,90023,95024,00024,05024,10024,15024,20024,25024,30024,35024,40024,45024,50024,55024,60024,65024,70024,75024,80024,85024,90024,95025,000 M&A Volume Number of Transactions
  • 36.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Selected Strategic Acquisitions in 2019 Announce Date Target Company Acquirer(s) Amount ($ in mm) Target Description Target Country
  • 37.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Recent InsurTech Acquisitions by Select Strategic Buyers – Insurance
  • 38.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Recent InsurTech Acquisitions by Select Strategic Buyers – Data and Analytics
  • 39.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Recent InsurTech Acquisitions by Select Strategic Buyers – Broker Core Systems Vendors
  • 40.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Recent InsurTech Acquisitions by Select Strategic Buyers – Insurance Core Systems
  • 41.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Recent InsurTech Acquisitions by Select Strategic Buyers – Insurance Core Systems (cont.)
  • 42.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Selected Private Equity Buyouts in 2019 Announce Date Target Company Acquirer(s) Amount ($ in mm) Target Company Year Founded Target Country
  • 43.
    FT PARTNERS RESEARCH 2019INSURTECH ALMANAC Non-InsurTech Strategic Acquisitions by InsurTech Companies Announce Date Target Company InsurTech Acquirer(s) Amount ($ in mm) Target FinTech Sector Target: Country
  • 44.
    FT Partners &InsurTech FT Partners Research | February 2020
  • 45.
    FT PARTNERS RESEARCH FTPARTNERS – FOCUSED EXCLUSIVELY ON FINTECH FT Partners’ Track Record of Success in InsurTech
  • 46.
    FT PARTNERS RESEARCH FTPARTNERS – FOCUSED EXCLUSIVELY ON FINTECH FT Partners Advises Assurance on its Sale to Prudential for $3.5 billion Transaction Overview • • • • Significance of Transaction • • • • FT Partners’ Role • •
  • 47.
    FT PARTNERS RESEARCH FTPARTNERS – FOCUSED EXCLUSIVELY ON FINTECH Transaction Overview • • ‒ • • Significance of Transaction • • FT Partners’ Role • • • • FT Partners Advises SquareTrade on its Sale to Allstate for $1.4 billion
  • 48.
    FT PARTNERS RESEARCH FTPARTNERS – FOCUSED EXCLUSIVELY ON FINTECH FT Partners Advises Next Insurance on its $250 million Financing Transaction Overview • • • • Significance of Transaction • • • FT Partners’ Role • • •
  • 49.
    FT PARTNERS RESEARCH FTPARTNERS – FOCUSED EXCLUSIVELY ON FINTECH FT Partners Advises Automatic on its $115 million Sale to SiriusXM Transaction Overview • • ‒ • Significance of Transaction • ‒ FT Partners’ Role • •
  • 50.
    FT PARTNERS RESEARCH FTPARTNERS – FOCUSED EXCLUSIVELY ON FINTECH FT Partners Advises Next Insurance on its $83 million Financing Transaction Overview • • • Significance of Transaction • • FT Partners’ Role • •
  • 51.
    FT PARTNERS RESEARCH FTPARTNERS – FOCUSED EXCLUSIVELY ON FINTECH Transaction Overview • • • • Significance of Transaction • • FT Partners’ Role • • FT Partners Advises Lennar on its $70 million Minority Investment in Hippo
  • 52.
    FT PARTNERS RESEARCH FTPARTNERS – FOCUSED EXCLUSIVELY ON FINTECH Transaction Overview • ̶ ̶ • ̶ ̶ • • Significance of Transaction • • FT Partners’ Role • ̶ • FT Partners Advises Insureon on its $31 million Financing
  • 53.
    FT PARTNERS RESEARCH FTPARTNERS – FOCUSED EXCLUSIVELY ON FINTECH FT Partners Advises Lennar on its sale of NATC and NATIC Transaction Overview • • • Significance of Transaction • • FT Partners’ Role • •
  • 54.
    FT PARTNERS RESEARCH FTPARTNERS – FOCUSED EXCLUSIVELY ON FINTECH FT Partners Advises CoverWallet on its Sale to Aon Transaction Overview • • • • • Significance of Transaction • • • FT Partners’ Role • •
  • 55.
    FT PARTNERS RESEARCH FTPARTNERS – FOCUSED EXCLUSIVELY ON FINTECH FT Partners Advises Lennar on its sale of NATC and NATIC Transaction Overview • • • • • Significance of Transaction • • FT Partners’ Role • • •
  • 56.
    FT PARTNERS RESEARCH FTPARTNERS – FOCUSED EXCLUSIVELY ON FINTECH FT Partners Advises Goji on its Sale Transaction Overview • • ̶ • • Significance of Transaction • • FT Partners’ Role • • •
  • 57.
    FT PARTNERS RESEARCH FTPARTNERS – FOCUSED EXCLUSIVELY ON FINTECH Transaction Overview • • ̶ • ̶ Significance of Transaction • • • • FT Partners’ Role • • FT Partners Advises Enservio on its Sale to Solera
  • 58.
    FT PARTNERS RESEARCH FTPARTNERS – FOCUSED EXCLUSIVELY ON FINTECH Highlights of the report include: • • • • • 2019 FinTech Almanac Click pictures to view report FT Partners Research – 2019 FinTech Almanac
  • 59.
    FT PARTNERS RESEARCH FTPARTNERS – FOCUSED EXCLUSIVELY ON FINTECH Prepare for the InsurTech Wave: Overview of Key Insurance Technology Trends • • • • Click pictures to view report FT Partners Research – InsurTech Industry Report
  • 60.
    FT PARTNERS RESEARCH FTPARTNERS – FOCUSED EXCLUSIVELY ON FINTECH FT Partners Research – Transaction Profiles Published in 2019
  • 61.
    FT PARTNERS RESEARCH FTPARTNERS – FOCUSED EXCLUSIVELY ON FINTECH FT Partners Research – Exclusive CEO Interviews Published in 2019 Jamie Hale VIEW Ted Gramer VIEW Snejina Zacharia VIEWVIEW Ami Daniel VIEW Elad Tsur VIEW Andrei Pop VIEW Mike Furlong Gary Tolman VIEW Jennifer Fitzgerald VIEW Sidd Garvirneni VIEWVIEW Steven Mendel
  • 62.
    FT PARTNERS RESEARCH FTPARTNERS – FOCUSED EXCLUSIVELY ON FINTECH Award-Winning Investment Banking Franchise Focused on Superior Client Results
  • 63.
    FT PARTNERS RESEARCH FTPARTNERS – FOCUSED EXCLUSIVELY ON FINTECH The Largest FinTech Advisory Practice in the World o o
  • 64.
    FT PARTNERS RESEARCH FTPARTNERS – FOCUSED EXCLUSIVELY ON FINTECH The FT Partners Senior Banker Team • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Name / Position Prior Background Experience / Education Years of Experience