The insurtech industry experienced some challenges in 2024, with notable shifts in funding, deal activity, and strategic investments, according to CB Insights’ State of Insurtech 2024 report. The report highlights a number of key trends shaping the industry.
Insurtech deals and funding hit lows. In 2024, deal volume continued to decline globally, from 500
Fintech Capital Raising Trends in 2024
Global capital raising in the fintech sector rose 19% quarter over quarter, while deal volume declined 16%, signaling that investors remain cautious, according to CB Insights’ State of Fintech quarterly report. U.S. fintech deals raised $4.8 billion in 324 deals. CB Insights’ report discusses financing, exit, and other
CB Insights’ State of Insurtech 2022 provides a perspective on trends in the sector. In 2022, global insurtech funding fell over 50% to $8.4 billion, following 2021’s record-breaking total funding of $17.8 billion. With about $1 billion in funding, the fourth quarter of 2022 marked the lowest amount raised since the second quarter 2018.
Down
February 14, 2023 Webinar
1:00 pm – 2:00 pm ET
Register here.
Financial market participants increasingly rely on technological tools such as predictive data analytics, artificial intelligence (AI)/machine learning (ML), differential marketing and game-like features to provide financial services to customers. These tools, also referred to as Digital Engagement Practices (DEPs), are common features
October 27, 2022 New York
8:00am – 5:30pm ET
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Our third Artificial Intelligence & Financial Services Symposium will resume on October 27, 2022. As in 2019, we will focus on the legal, contractual and regulatory aspects of using AI to deliver financial services. Topics will include:
Global venture-backed fintech funding reached almost $23 billion in the first quarter of 2021, a 110% quarter-over-quarter increase, according to CB Insights’ latest report and webinar, The State of Fintech. Accounting for the increased investment in fintech companies were 57 mega rounds, or financings, that raised over $100 million. Overall, there were 614 fintech
At the intersection of insurance and technology, insurtech companies are flourishing. According to a recent report by CB Insights, companies in the insurtech sector raised approximately $6.35 billion in private funding in 314 deals in 2019, globally. 2019 accounted for approximately 33.9% of all investments to date in insurtech companies. Private capital raises by