Trends Report

Insurtech Funding Declined In Q1 2020 As Investors Wavered

June 8th, 2020

Summary

The global shock from COVID-19 will make it hard for insurtech firms to raise funds in 2020. Insurtech was on a steady trend of growth in total funding until anxiety crept into global markets in late 2019. The insurtechs that raised the most funding in Q1 2020 were mostly comparison marketplaces and digital insurers. Incumbent financial institutions invested mostly in digital distribution, but automation and analytics providers are gaining attention. Newcomer omni:us raised its series A round for claims automation, which remains top of mind in 2020.

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