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Table of contents
Q3 2023
Insurtech Report
December 8, 2023
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Insurtech sees a bump
The insurtech vertical saw a surge in VC funding in Q3, according to PitchBook’s latest Emerging Tech Research. Deal value was up 53% over Q2, reaching $1.7 billion raised across 115 deals—the highest value recorded over the past four quarters. Private equity is getting more involved in the space, with the total amount of PE investments now surpassing 2022’s tally.
Table of contents
| Vertical update | 3 |
| Q3 2023 timeline | 5 |
| Insurtech landscape | 6 |
| Insurtech VC ecosystem market map | 7 |
| VC activity | 9 |
| Emerging opportunities | 18 |
| Security deposit alternatives | 19 |
| COI platforms | 22 |
| Select company highlights | 25 |
| Kettle | 26 |
| Socotra | 28 |