FT Partners Quarterly InsurTech Insights and Annual Almanac
FT Partners is the only data source for comprehensive, global InsurTech deal activity covering M&A, Financing and IPO statistics and trends
FT Partners’ InsurTech Insights Reports are published on a quarterly basis, along with a comprehensive year-end Almanac. All information included in the reports is sourced from FT Partners’ Proprietary Transaction Database, which is compiled by the FT Partners Research Team through primary research and data analysis. The reports feature M&A, financing and IPO statistics and trends as well as breakdowns by vertical, geography, investor-type and much more.
View our Global FinTech Insights and Almanac reports here.
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Q2 2024 InsurTech Insights
Report Features:
- Q2 2024 and historical InsurTech financing and M&A volume and deal count statistics
- Largest InsurTech financings and M&A transactions in Q2 2024
- Most active InsurTech investors
- Breakdowns by geography, product type and business model
- Corporate VC activity and strategic investor participation
- Other industry, capital raising and M&A trends in InsurTech
Key Highlights:
- In Q2 2024, private InsurTech company funding volume totaled $1.4 billion representing a 2x sequential increase over Q1 2024 volume of $698 million. Volume also increased on a year-over-year basis, though more modestly at 12%.
- There was an uptick in large financing rounds during the quarter, with nine $50 million+ financing rounds, compared to just three in Q1 2024 and six in Q2 2023.
- The top three largest capital raises during the quarter included Sidecar Health's $165 million Series D, Transcarent's $126 million Series D and Honey Insurance's $108 million Series A.
- Funding activity for the European InsurTech sector specifically picked up in the first half of 2024, with a 66% increase in the number of deals compared to the first half of 2023. Large rounds for European InsurTech companies in Q2 included capital raises by Finland-based ICEYE, UK-based Vitesse and UK-based FintechOS.
- M&A activity continued at a similar pace to recent quarters with 31 deals announced, though total dollar volume of $509 million was made up of just six deals with announced purchase prices and represented a decline of 68% year-over-year.
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