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You are here: Home / Insurance News | Massachusetts / Insurtech | Innovation / Insurtech | Funding / Surprising Decline Brings Investments In Insurtechs Down 79%

Surprising Decline Brings Investments In Insurtechs Down 79%

August 23, 2022 by Owen Gallagher

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/

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Filed Under: Insurtech | Funding, Latest News Tagged With: Agency Checklists, insurtech funding, Mass. Insurance News, New England Insurance News

About Owen Gallagher

Owen Gallagher is an experienced insurance litigator as well as a certified mediator and arbitrator who specializes in insurance industry disputes. His interest and affinity for insurance began at a young age working the counter at his father’s assigned risk agency in Roxbury. Over the course of his career, Owen has argued a number of cases in the Massachusetts Supreme Judicial Court and has helped agents, insurance companies, and lawmakers alike with the complexities and idiosyncrasies of insurance law in the Commonwealth.  Owen can be reached here.

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