The global insurtech financing volume has fallen in 2017 to $2.24 billion compared to $2.69 billion in 2016 and $2.75 billion in 2015, according to FT Partners fintech industry research. Insurtech, FT Partners, Fintech, Report, Global, Europe, North America, Asia Pacific
A record 203 investment deals were made into insurtech companies worldwide last year, according to Financial Technology Partners. However, the Hong Kong investment bank found that financing volumes fell 17% from the previous year's $2.693bn to $2.238bn. The year saw the first initial public offering by an insurtech company started after 2010, with China's ZhongAn insurance raising $1.5bn through a San Francisco listing. There were over 80 merger and acquisition transactions last year, totalling $5.6bn - the biggest involving a start-up being Guidewire's acquisition of Cyence. Lemonade was the biggest property and casualty funding deal of 2017, raising $120m.