Global Investments in InsurTech: Digitalization Taking Hold

Total global investment in insurance was US$4.5 billion across 101 deals in 2017: Aite Group report

Boston, MA (Dec. 12, 2018) – The global insurance industry is undergoing an identity refresh influenced a great deal by consumer-driven behaviors and digital tools that consumers expect in their daily lives. As insurers seek more intuitive processes that make the lives of both policy issuers and policyholders a little easier, equity investments from an outside source are flowing into insurance-focused fintech companies to empower the online channel, mobile applications, cloud services, and Software-as-a-Service (SaaS) delivery models. Aite Group’s newest report, Global Investments in Insurtech: Digitalization Taking Hold, explores equity investments into fintech companies from an outside source.

“Investors consistently place their funds in deals that bring empowerment to individuals, whether it be in the form of providing tools for comparison shopping or giving consumers the ability to tailor their insurance plans and policies using all channels, regardless of time or place,” explains Inci Kaya, analyst at Aite Group. “Health insurers that can overlay this ’empowerment’ theme into their distribution and marketing channel, as well as their consumer- or enterprise-facing services, will be well-positioned to leverage investor insights into their own businesses,” she adds.

This new Aite Group report provides an analysis of the 2017 global investment in fintech for insurance, or insurtech, at a global and regional level. Based on 2017 data from Bureau van Dijk, a Moody’s Analytics company, it identifies the key technologies that investors are betting on and provides actionable takeaways for insurance verticals and ancillary industries.

Click here for the online report summary or to download the table of contents.

This report provides an analysis of the 2017 global investment in fintech for insurance, or insurtech, at a global and regional level. Based on 2017 data from Bureau van Dijk, a Moody’s Analytics company, it identifies the key technologies that investors are betting on and provides actionable takeaways for insurance verticals and ancillary industries.

This 38-page Impact Report contains 18 figures and 12 tables. Clients of Aite Group’s Health Insurance, Life Insurance, or P&C Insurance service can download this report, the corresponding charts, and the Executive Impact Deck.

This report mentions Aberdare Ventures LP., Accel, Advent International Corporation, Aetna, Alphabet Inc., American Family Ventures, Amicus Capital, Amyti Tech, Applied Systems, Ascension, Bayzat FZ LLC, Best Buy, BlackFin Capital Partners, Bolt Solutions, Bought By Many, Bridger Insurance Agency, Bureau van Dijk, Calibra (Johnson & Johnson), CarePayment Technologies, CCM Capital Opportunities Fund, CCC Information Services, Centene, CeQur, Circulation, Cigna, Clearcover, Clover Health, Connecticut Innovations, ComparaOnline, ConnexionsAsia PTE Ltd., ControlExpert GmbH, Coverfy, Cuvva, CVC Growth Partners, CVS, Direct Line Group Ltd., EDB Investments PTE, Etechaces Marketing and Consulting Private Ltd. (Etech), Ethos, Express Scripts, The Floow Ltd., Foundry Group, FRISS, General Atlantic LLC, Google Ventures, Gravie Inc., GreatCall, Guangzhou Baoyi, Guidewire Software, Harvard Pilgrim, Haven Life, Herald Health, Impact Health, Inbox Health LLC, InsureStreet, Insurance Zebra Inc., Insurify, International Finance Corporation, Iris Capital Management SAS, Jetty International, JMI Equity, Kanoar Ventures Sgeic SA, Liberty Mutual, LogistiCare, Menlo Ventures Management, MetLife, Moody’s Analytics, One, Paisabazaar, Partners Healthcare, PatientPay Inc., Persistent Systems, Pineapple Tech Pty Limited, PointClickCare Technologies, PolicyBazaar, Policygenius LLC, Prima Solutions SA, Quilt, Revolution LLC, Seedcamp Investments, Sequoia Capital Operations, Shanghai Zuihuibao Network Technology Co. Ltd., Shenzhen Capital Group, Shenzhen Jiado Gongcheng Equity Investment Fund, Shift Technology, Shuangliang Group Co. Ltd., Snapsheet, Stone Point Capital, Sure Inc., SwervePay LLC, Swyfft, Temasek Holdings, Tola Capital, Trov Inc., Unilazer Ventures Private Ltd., Vitals Consumer Services, WebMD, Voya, and Zhejiang Congtai Network Technology Co Ltd.

About Aite Group

Aite Group is a global research and advisory firm delivering comprehensive, actionable advice on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, insurance, wealth management, and the capital markets, we guide financial institutions, technology providers, and consulting firms worldwide. We partner with our clients, revealing their blind spots and delivering insights to make their businesses smarter and stronger. Visit us at www.aitegroup.com.

Source: Aite Group