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Q2 2024

Insurtech Report

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How blockchain could transform insurtech

As insurtech investment remains muted, integration with blockchain technology may herald new opportunities for investors, according to PitchBook’s Q2 2024 Insurtech Report.

VC dealmaking in the sector ticked up to $1.2 billion across 106 deals—increases of 27.1% and 3.9%, respectively—but PE and M&A activity continued to slow.

On the horizon, according to Senior Analyst Robert Le, is insurtech experimenting more with blockchain technology, a digital ledger that records transactions across decentralized networks. These use cases range from automated claims processing to fraud prevention to risk management. PitchBook’s latest Emerging Tech Research lays out the case and opportunities as insurtech looks to its next big thing.


Table of contents
Vertical update 3
Q2 2024 timeline 6
Insurtech landscape 7
Insurtech VC ecosystem market map 8
VC activity 9
Innovation spotlight 19
       Blockchains within insurance 29
Select company highlights 22
       Coadjute 23
       PeppercornAI 26