Global insurtech financing reached $ 1.56 billion across 74 deals, up 71% from the first quarter of 2020, according to a report by Willis Towers Watson PLC on Tuesday.
However, the deal bill fell 23% from the first quarter as investors move to later financing of more mature companies with larger investments in later rounds, the broker said, including four instances of "mega-rounds" over $ 100 million.
"As we have been commenting for some time, investments will go further up the stage … Early phase deals, Seed / Angel and Series A, accounted for 42% of the total deal, a record low value and a nine percentage point decline from Q1 2020, "Willis Towers Watson said in a report.
Real estate / damages saw 68% of dollars invested this quarter total $ 1
Of these, 46% are described as distribution agreements and 46% as business-to-business transactions, with carriers up the remaining 8%, data from the report showed.
The United States accounted for 48% of insurtech offers, followed by United Kingdom by 21% and China by 5%, followed by a group of nations tied to 3%, data
While the data shows upward trends, Andrew Johnston, global head of insurtech at Willis Re, warned against drawing conclusions in the market.  "While "InsurTech investments clearly recovered during the second quarter and the trend towards larger commitments to Later Phase Fundraising continues, we should be careful not to read too much into the general state of the global InsurTech market based on this quarter only," he said in a statement. provided with the report.