2021 Annual
Insurtech Report
February 24, 2022
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Insurtech startups could face key challenges despite record VC funding in 2021
The prevalence of data accessibility and use of emerging technologies such as cloud, predictive analytics and telematics have enabled insurtech startups to proliferate and thrive. However, PitchBook analysts say that such companies are viewed as overpriced in the private markets, and venture funding in the sector might slow down this year.
Our 2021 Annual Insurtech Report deep dives into the industry's investment activity and trends, comprehensively assessing emerging opportunities across market segments like personal property and liability insurance, commercial insurance, underwriting, and claims management.
Key takeaways
Table of contents
Insurtech startups could face key challenges despite record VC funding in 2021
The prevalence of data accessibility and use of emerging technologies such as cloud, predictive analytics and telematics have enabled insurtech startups to proliferate and thrive. However, PitchBook analysts say that such companies are viewed as overpriced in the private markets, and venture funding in the sector might slow down this year.
Our 2021 Annual Insurtech Report deep dives into the industry's investment activity and trends, comprehensively assessing emerging opportunities across market segments like personal property and liability insurance, commercial insurance, underwriting, and claims management.
Key takeaways
- Global insurtech companies raised more than $14 billion across 633 deals, representing a 105% year-over-year increase in terms of deal value.
- Insurtech startups generated $33.6 billion in exit value, eclipsing the combined exit value of $21.2 billion amassed during the previous 10 years.
Table of contents
| Vertical overview | 3 |
| 2021 timeline | 5 |
| Insurtech VC ecosystem market map | 6 |
| VC activity | 8 |
| Segment overview | 10 |
| Property & casualty | 11 |
| Health & life | 20 |
| Commercial | 29 |
| Distribution & intermediation | 38 |
| Underwriting | 47 |
| Administration & claims | 56 |