According to a well-known data and analytics company headquartered in London, GlobalData, investments into insurtechs declined by 79.6% in 2021, from 2020
Based on GlobalData’s Deals Database, insurtechs have only received $1.0 billion in investments since July 2022. GlobalData anticipates funding for insurtechs will likely continue a downward trend for the rest of 2022.
The above Global Data chart graphically displays the annual insurtech investments in billions of dollars.
Global Data has published a short article concerning the declining investments in insurtech and the financial pressure that some insurtechs are experiencing. It is an interesting three-minute read and can be accessed here. You can read the article by clicking on this link: “Insurtech investments fall by 79.6% in 2021, leading to job losses and tough economic conditions in 2022.”
About Global Data
GlobalData is a major data analytics and consulting company exists. As a leading information services company, thousands of clients rely on GlobalData for trusted, timely, and actionable intelligence. Its solutions provide a daily edge to professionals within corporations, financial institutions, professional services, and government agencies.
You can access GlobalData’s website at https://www.globaldata.com/