2021 Best Practices Study

Adapting to a Rapidly-Changing Environment

InsurTech Best Practices

Recent funding/investment

In the face of all of these newly available technologies, how has the market responded? The chart below shows the global InsurTech funding and volume of transactions.

Source: WillisTowersWatson

In 2020, InsurTech funding reached an all-time high of $7.1 billion (up 12% v. 2019) through 377 deals (up 20% v. 2019) . The jump in funding and transaction volume came after the lowest quarter of global funding (Q1 2020) since 2018. For the remainder of the year, the COVID-19 environment saw even mature industries completely change the way operations were conducted, pushing investors into technology and technology-enabled businesses that fueled and facilitated these operational changes. Q3 2020 set a quarterly record for both InsurTech funding and transaction volume.

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