Investment in global insurance technology booms
The global investment scale, the number of investment deals, the largest investment deals in the field of insurance technology (insurtech) all set new records in 2021.
Report from insurance company Gallagher Re. Recently announced that global investment in insurtech in 2021 has set a new record high. Specifically, in the past year, the total amount of investment in this field reached 15.8 billion USD, higher than the figure in 2019 and 2020 combined.
In which, there are a total of 564 investment deals, the highest level ever. The record for the size of a deal was also set when Integrity Marketing Group raised $1.2 billion in December.
In terms of structure, $9.4 billion was invested in property and casualty technology, and $6.4 billion in life and health insurance technology.
In the last three months of the year alone, funding for insurtech increased dramatically to US$5.3 billion, thanks to 13 mega round deals worth over US$100 million, accounting for 71% of capital. during this period.
The fourth quarter of 2021 also witnessed the largest scale of seed, angel and series A funding rounds in history, with a total value of 635 million USD.
Insurtech is a combination of two factors “insurance” and “technology”. Image: Fintech News Singapore
Dr. Andrew Johnston, Global Head of Insurtech at Gallagher Re., commented that insurance technology has had an amazing decade of growth. As of the end of 2021, $41.65 billion has been globally invested in insurtech through 2,249 deals across 63 countries.
In which, there are 99 super large deals, accounting for nearly 22 billion USD. This figure shows that more than half of the investment capital (52%) deployed in the past period was included in only 4.4% of all insurtech deals.
“In the first quarter of the past, the total investment capital in insurtech was at $2.2 billion, only 43% compared to the fourth quarter of 2021, but the total number of transactions still maintained momentum with 143 deals,” said Mr. Johnston. share with the expectation that capital inflows into this sector will continue to increase in the future.
On the other hand, the doctor pointed out that there were only 5 mega rounds of funding recorded in the first quarter, much lower than the previous quarter.
This could be a sign that investment capital flows are being distributed more evenly, he said. This observation was reinforced when the first quarter showed the highest number of businesses participating in the first stage of capital raising ever.
Le Huy (According to Insurance Business)
at Blogtuan.info – Source: vnexpress.net – Read the original article here
