Investment in the insurtech sector reached $1.41bn in Q2 2019, according to broker Willis Towers Watson (WTW). Investment in property and casualty insurtechs increased 283% YoY, while investment in life and health insurtechs rose by 259%. The report also found that insurance companies are investing more aggressively into blockchain technology, with a total of $487m invested across all sectors during Q2. Seed and series A investment in start-ups reached $147m in Q2, with more than half going to insurtechs located outside the US and UK.
Investment in the insurtech sector reached $1.41bn in Q2 2019, according to broker Willis Towers Watson (WTW). Investment in property and casualty insurtechs increased 283% YoY, while investment in life and health insurtechs rose by 259%. Deals involving larger investments dominated the quarter, leading to a fall in transaction volume by more than 20%, indicating a mature market, WTW said. Seed and series A investment in start-ups reached $147m in Q2, with more than half going to insurtechs located outside the US and UK.