Insurtech investment grew 273% YoY in Q2 with funding rounds at Lemonade, Collective Health, PolicyBazaar and Shuidi Huzhu raising a combined $802m, over half the total $1.4bn raised in insurtech, according to Willis Towers Watson and CB Insights. SoftBank led funding in three of the four top deals. Meanwhile, smaller insurtechs raised $147m in H1 2019 figure since Q3 2017. Fintech investment followed a similar path, with Starling, Monzo, OakNorth and Greensill receiving just over half of the entire fintech funding during the quarter - the lowest. The findings suggest that the sectors are maturing.
Insurtech investment grew 273% YoY in Q2 with funding rounds at Lemonade, Collective Health, PolicyBazaar and Shuidi Huzhu raising a combined $802m, over half the total $1.4bn raised in insurtech, according to Willis Towers Watson and CB Insights. SoftBank led funding in three of the four top deals. Meanwhile, smaller insurtechs raised $147m in the quarter - the lowest figure since Q3 2017. Fintech investment followed a similar path, with Starling, Monzo, OakNorth and Greensill receiving just over half of the entire fintech funding during H1 2019. The findings suggest that the sectors are maturing.