Insurtech investment grew 273% YoY in Q2 with funding rounds at Lemonade, Collective Health, PolicyBazaar and Shuidi Huzhu raising a combined $802m, just 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 over halfjust over half of the entire fintech funding during H1 2019. 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.