Here are key learnings based on analyzing every InsurTech deal announced in Europe during H1 2022, showing how diverse this industry is, and how local ecosystems have different dynamics.
Beyond the top 3 ecosystems which are obviously leading the wave (28% of rounds announced in the UK, 26% in France and 12% in Germany) the “rest of Europe” accounted for 1/3 of all deals announced in the first half of the year !
If one might still consider that “InsurTech is only p&c” it is both untrue and highly depends on where across Europe: no surprise ‘life’ or ‘commercial lines’ are very hot in the UK, or ‘health’ in France ; while p&c is very high in Germany while being very low in the “rest of Europe”.
Same with the value chain, if distribution is hot everywhere, deals are quite balanced across Europe when it comes to other sections: ‘product’ in the UK and France, ‘claim’ in Germany and the “rest of Europe”.
This shows how key it is to have a broad look at the InsurTech scene, beyond domestic markets!
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