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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Q1 2024 InsurTech Insights
Report Features:
- Q1 2024 and historical InsurTech financing and M&A volume and deal count statistics
- Largest InsurTech financings and M&A transactions in Q1 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 Q1 2024, private InsurTech company funding volume ($635 million) dropped to the lowest level since Q2 2018 ($530 million), while deal count of 69 capital raises remained consistent with recent quarter, which averaged 67 deals per quarter in 2023.
- Specifically, funding volume declined 45% year-over-year from Q1 2023 as just two $50 million+ deals were announced compared to seven in Q1 2023.
- Four of the five largest financing rounds were raised by non-US-based companies: Hyperexponential (UK, $73 million), Element (Germany, $54 million), Qoala (Indonesia, $47 million) and Hellas Direct (Greece, $33 million).
- Notably, InsurTech financing activity in Emerging Markets across Africa, South America and the Middle East increased 2.5x over Q1 2023 in terms of deal count.
- Markd and Anthemis both made five investments in the sector in Q1 2024, ranking as the most active investors so far this year, with American Family Ventures as the most active Strategic investor with three investments.
- M&A activity was very quiet during the quarter, with just $93 million in publicly announced volume across 29 deals. The largest deal announced during the quarter was Title Resources Group’s take-private acquisition of Doma (NYSE: DOMA), a next-gen title insurance company, at an $88 million implied equity value.
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