A survey by Willis Tower Watson Securities showed that in Q2 insurance technology investments totaled $527 million in 71 deals. As Techcrunch reported, while that total amount committed was actually down significantly from the $985 million across 64 transactions in Q2 of 2017, the total number of deals (71) actually went up.
Insurance technology companies have raised multiple billions of dollars in the past four years as venture capitalists finance industry disruptors and enabling technologies for established players to fend off new technology-based challengers. In the month since tech-enabled car insurance startup Root Insurance joined the billion dollar club after its $100 million investment round, new investments in startups serving insurers in categories like life insurance, liability insurance, and — most notably — in insurance assessment and analysis services illustrate both the pace of dealmaking in the category and the breadth of technologies being developed for the industry.
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