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Insurtech Q1 2018 Startup Highlights

Insurance Technology startup quarterly highlights. Includes a sector summary, recent events, and a deep dive into Automotive Insurance. Contact info@venturescanner.com or visit www.venturescanner.com to learn more about our research platform for technology startups!

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Insurtech Q1 2018 Startup Highlights

  1. 1. May 2018 Q1 Startup Highlights INSURANCE TECHNOLOGY
  2. 2. Quarterly insurance technology highlights 2 This brief overview of the insurance technology sector provides three sections Visit www.venturescanner.com to learn about our full report and research platform SectorSummary Macro-level viewson the state of the insurance technology sector LatestActivity Major funding and exit events from the previous quarter CategoryDiscovery Deep dive into a single insurance technology category
  3. 3. Sector Summary 3
  4. 4. INSURANCE TECHNOLOGY 14 Categories 1,475 Companies $22B Funding 4Sector stats are continuously changing,data cumulativethrough March 2018
  5. 5. The graphic above shows only a sampling of companiesin each category. Data cumulativethrough March 2018 INSURANCE TECHNOLOGY The Venture Scanner researchplatform currently tracks 1475 Insurance Technology startups with $22B in funding ConsumerManagementPlatforms (106Companies) InsuranceComparison/Marketplace (411Companies) InsuranceEducation/Resources (38Companies) InsuranceInfrastructure/Backend (289Companies) InsuranceUserAcquisition (121Companies) Life,Home,P&C (155Companies) P2PInsurance (35Companies) Product (46Companies) Reinsurance (30Companies) Automotive (165Companies) EmployeeBenefitsPlatforms (90Companies) Enterprise/Commercial (159Companies) Health/Travel (162Companies) InsuranceData/Intelligence (126Companies) 5
  6. 6. Health Life, Home, P&C Auto Insurance Data Insurance Marketplace Employee Benefits Enterprise Insurance Backend Consumer Management Product Insurance Reinsurance User Acquisition Insurance Education 6 Innovation quadrant for insurance technology AverageFunding of Companiesin Category ESTABLISHED HEAVYWEIGHTS PIONEERS DISRUPTORS AverageAgeofCompaniesinCategory This quadrant shows a relative segmentationof the categories with respect to oneanother, data cumulativethrough March 2018 Visit www.venturescanner.comto learn more about our insurancetechnology report and research platform P2P Insurance
  7. 7. 0 1 2 3 4 5 6 7 8 2011 2012 2013 2014 2015 2016 2017 2018 Funding($B) Q1 Q2 Q3 Q4 7 Insurance technology funding is well above where it started 5 years ago Overall insurance technology funding grew at a CAGR of 33% from 2012-2017 Insurance Technology Annual Funding Over Time Data cumulativethrough March 2018 Visit www.venturescanner.comto learn more about our insurancetechnology report and research platform
  8. 8. 0 1 2 3 4 5 6 2011 2012 2013 2014 2015 2016 2017 2018 Funding($B) Q1 Q2 Q3 Q4 8 Insurance technology funding in Q1 2018 increased from the Q1 funding in past years The funding in Q1 2018 is 53% higher than the average funding of all Q1s from 2011-2017 Insurance Technology Quarterly Funding Over Time Data cumulativethrough March 2018 Visit www.venturescanner.comto learn more about our insurancetechnology report and research platform
  9. 9. 9 Insurance technology exit events saw strong growth in recent years Exits grew at a CAGR of 47% from 2012-2017, and the number of exits in Q1 2018 is 60% of that in Q1 2017 Insurance Technology Exit Events Over Time Data cumulativethrough March 2018 Visit www.venturescanner.comto learn more about our insurancetechnology report and research platform 0 5 10 15 20 25 30 35 40 2011 2012 2013 2014 2015 2016 2017 2018 ExitEvents(AcquisitionsandIPOs) Q1 Q2 Q3 Q4
  10. 10. Latest Activity 10
  11. 11. 11 Insurance technology funding events were dominated by early stage rounds in Q1 2018 There were 30 funding events in Q1 2018, 73% of which were Seed or Series A Recent Insurance Technology Funding Round Counts Graph shows only the funding rounds listed therein Visit www.venturescanner.comto learn more about our insurancetechnology report and research platform - 2 4 6 8 10 12 14 Seed A B C D Late Stage FundingEvents Funding Event
  12. 12. 12 Companies in the Health Insurance category raised the most funding in Q1 2018 Insurance technology startups raised $597M in Q1 2018, with Health Insurance companies raising the most funding at $280M Quarterly Insurance Technology Category Funding Companiesare categorized by function, and therefore can exist in multiple categories Visit www.venturescanner.comto learn more about our insurancetechnology report and research platform 0 50 100 150 200 250 300 QuarterlyFunding($M)
  13. 13. 13 Q1 2018 insurance technology funding events Notable Recent Insurance Technology Funding Events Company FundingType Amount Date Venture $165,000,000 Mar 27, 2018 Series D $110,000,000 Feb 28, 2018 Series C $51,000,000 Mar 27, 2018 Series D $40,000,000 Mar 6, 2018 Series B $30,000,000 Jan 24, 2018 The top 5 insurtech events accounted for 55% of quarterly funding Visit www.venturescanner.comto learn more about our insurancetechnology report and research platform
  14. 14. 14 Q1 2018 insurance technology exit events Notable Recent Insurance Technology Exit Events Company Acquirer Amount Date $155,000,000 Jan 22, 2018 $20,000,000 Jan 16, 2018 $16,041,800 Jan 2, 2018 Unknown Feb 7, 2018 Unknown Jan 8, 2018 There were 6 insurtech exits this past quarter, all of which were acquisitions Visit www.venturescanner.comto learn more about our insurancetechnology report and research platform
  15. 15. Category Discovery – Auto Insurance Every quarter a newcategory will receivea deep dive,providing comparisonsto other categories and discussingtrends 15
  16. 16. 16 Auto Insurance is the third most-funded category within insurance technology The Auto Insurance category accounts for 19% of funding in the sector and saw 1% growth last quarter Venture Investing in Insurance Technology Companiesare categorized by function, and therefore can exist in multiple categories. Data cumulativethrough March 2018 Visit www.venturescanner.comto learn more about our insurancetechnology report and research platform 0% 2% 4% 6% 8% 10% 12% 0 2 4 6 8 10 12 GrowthfromPreviousQuarter Funding($B) Previous Total Quarterly Funding Percent Growth
  17. 17. 17 Auto Insurance companies are generally better funded than their peers Auto Insurance has a median funding $9M higher than the average of other categories, and a third quartile that is $33M higher Insurance Technology Category Funding Quartiles Companiesare categorized by function, and therefore can exist in multiple categories. Data cumulativethrough March 2018 Visit www.venturescanner.comto learn more about our insurancetechnology report and research platform 0 10 20 30 40 50 60 FundingQuartiles($M) First Quartile Median Third Quartile
  18. 18. 18 Auto Insurance funding events dropped from 2016 but showed overall growth Overall Auto Insurance funding events grew at a CAGR of 22% from 2012-2017, and the number of funding events in Q1 2018 is on par with that of Q1 2017 Auto Insurance Total Annual Funding Events Data cumulativethrough March 2018 Visit www.venturescanner.comto learn more about our insurancetechnology report and research platform - 5 10 15 20 25 30 2011 2012 2013 2014 2015 2016 2017 2018 FundingEvents Q1 Q2 Q3 Q4
  19. 19. 19 Funding within Auto Insurance is highly concentrated Auto Insurance Companies with Largest Funding Amounts Company LatestRound TotalRaised Location Post-IPO Equity $4,750,000,000 Shenzhen, China Private Equity $515,000,000 Amstelveen, Netherlands Corporate Round $346,600,000 Gurgaon, India Private Equity $308,370,000 Labège, France Series D $205,500,000 San Francisco, CA, USA The top 5 Auto Insurance companies by total funding account for 84% of overall category funding Visit www.venturescanner.comto learn more about our insurancetechnology report and research platform
  20. 20. About Venture Scanner 20
  21. 21. Venture Scanner is the foundation of your startup research 21 Our reports and research platform keep you ahead of the innovation curve UncoverTrends Develop insights into technology sectors IdentifyStartups Find companies relevant to your strategic needs StayCurrent See all updates and developments Join international Fortune 500 companies that trust Venture Scanner to power their startup research needs Visit www.venturescanner.comto learn more about our insurancetechnology report and research platform
  22. 22. Want to learn more about our insurance technology report and research platform? Click here or contact info@venturescanner.comto learn more

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