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New opportunities buoy insurtech’s outlook
With such a long history, insurance has had to continuously evolve to meet new challenges and push forward. How are insurtech startups helping with that?
Our latest insurtech report examines the vertical’s performance, trends, and growth opportunities for investors. While Q4 2022 faced some headwinds, our analysts believe there are many areas for fast-moving and nimble startups to flourish.
Key takeaways include:
- $1.2 billion was invested across 110 deals in insurtech in Q4 2022—representing a YoY decline of 35.7% and 62.9%, respectively.
- Two emerging opportunities for investors include startups developing claims automation software and parametric insurance. We’ve tracked several deals over $100 million for startups in these segments.
Table of contents
| Vertical overview | 3 |
| Q4 2022 timeline | 5 |
| Insurtech landscape | 6 |
| Insurtech VC ecosystem market map | 7 |
| VC activity | 9 |
| Emerging opportunities | 18 |
| Claims automation | 19 |
| Parametric insurance | 21 |
| Select company highlights | 24 |
| Otonomi | 25 |
| Kettle | 26 |