Author: Andrew Johnston MA, Ph.D
The report continues this year’s theme of ‘Geographic Trends and Regional Idiosyncrasies’, with a review of global activity and conclusion of the 2022 series through an InsurTech lens.
More specifically we have focused on those technology firms and practitioners who are committed to the issues of climate change, energy and ESG-related topics.
We round up by providing the most current InsurTech investment data to our readership.
Key Findings for Q4 2022:
- Quarterly Insurtech funding for Q4 fell to the lowest level since Q1 2020, decreasing 57.0% quarter on quarter from $2.35 billion in Q3 to $1.01 billion in Q4.
- Insurtech deals dropped to 106 in Q4, the lowest number of deals since Q4 2020.
- Mega-round funding fell 89.7% quarter on quarter, from $1.48 billion in Q3 to $153 million in Q4.
- Funding increased 46.5% quarter on quarter for early-stage L&H InsurTechs, from $145.84 million in Q3 to $213.64 million in Q4.
- Annual funding for InsurTech halved between 2021 and 2022, decreasing 49.5% year on year from $15.80 billion in 2021 to $7.98 billion in 2022.
- 2022 saw $6.51 billion less in mega-round funding than 2021 – a 66.7% year on year drop.
- 2022 was the first year to see an overall year on year drop in InsurTech investment since 2016.
For any questions or enquiries, please reach out to Andrew Johnston who leads the Gallagher Re InsurTech practice.
