We analyzed every InsurTech deal announced in Europe during H1 2022 (you can find a more in depth analysis here), here are 10 lessons learned on the state of that industry.
Despite the market correction, the activity remained high: 10% more InsurTech deals were announced in H1 2022 compared to the same period last year.
The impact of the current situation is rather visible in the total amount raised by InsurTech startups with a 60% decrease from a year ago.
No surprise, the major difference was spotted at later stage with a drop in InsurTech mega-rounds during H1 2022. (find out more)
If ‘distribution’ was once again the most active part of the insurance value chain (with 55% of all rounds inked) it’s getting more granular: from pure B2C players, to tech for brokers, and increasingly Embedded Insurance. (find out more)
Worth highlighting ‘product’ was very hot with 29% of deals done in that section, with cyber InsurTech gaining momentum.
Big local ecosystems led the wave: the UK accounted for 28% and France for 26%.
The major surprise rather cam from the German startup scene which was home of only 12% of all InsurTech deals announced over the period. (find out more)
Worth highlighting the come back from the Italian InsurTech ecosystem which saw 5 deals done (compared to only 1 in the full year last year!).
And Spain remained hot with 4 InsurTech deals inked in H1 2022 (compared to 7 overall in 2021).
Finally, every insurance business line was covered by InsurTech deals announced: if 36% of rounds were done in the P&C space, commercial lines were hot accounting for almost 1/4 of all deals! (find out more)
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