Report Finds InsurTech Investments Up in 2019 Q4

InsurTech investments reached $6.37 billion in 2019, with $1.99 billion invested in 75 projects during the fourth quarter alone, according to a report from Willis Towers Watson. The last quarter of 2019 is also now the sixth consecutive quarter of more than $1.2 billion in investments.

Distribution and MGA-focused InsurTechs accounted for 57% of all deals in the fourth quarter, and property and casualty start-ups accounted for a greater share of investments than life and health start-ups. The past year accounted for 33.9% of all InsurTech investments to date. There was a 16% increase in the number of deals in 2019 over 2018, and a 63% increase in funding quantity.

The United States was the top market by number of deals with 706 for the year, followed by the United Kingdom at 118. The US has been responsible for 54% of all deals and 67% of all funding since 2012, and 49% of all deals in 2019 occurred in the US.

The InsurTech report can be viewed in its entirety on the Willis Towers Watson website.