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Home / Insurance / Insurtech offers top $ 1B for the third straight quarter: Willis

Insurtech offers top $ 1B for the third straight quarter: Willis



There were 85 insurtech contracts with a total value of $ 1.42 billion, announced in the first quarter of 2019, the third straight quarter to over $ 1 billion in funding, according to the new quarterly InsurTech Briefing from Willis Towers Watson PLC.

The real estate / accident sector has seen its share of offers increase, activity continues to move outside the US, according to report data.

The contract rate increased by 35% from the fourth quarter of 2018, although total funding decreased by 11%, the report

Real estate / accident transactions reached 56, the highest amount was recorded and an increase of 37% from the real estate and accident business counted in the fourth quarter of 201

8 and an increase of 30% compared with the previous period, the report says.

However, property / dam financing was 27% from the fourth quarter of 2018, but up 160% compared with the first quarter of 2018.

For the first quarter of 2019, 54% of all insurtech agreements took place outside the US, compared with 42% of all, I insure business operations that took place outside the US in 2016.

"This matches a trend that has been made over the past two years, with an increasing amount of insurtech operations taking place outside the United States," the report says. [19659002] The first quarter also saw a trend of bigger deals, with the first three months seeing a record high of 10 over $ 40 million, an increase of 67% from the fourth quarter of 2018, the report reported.

Of the 21 quarters from the first quarter of 2014 to the first quarter of 2019, 15% of all investments account for $ 40 million and over, the report says, and saw 15 investments of $ 20 million and over and 11 investments over $ 30 million. 19659002] "The large volume of Hopeful InsurTech companies and hype is becoming increasingly difficult to rationalize, and one can argue that much of the space is related to the emperor's new clothes," said Andrew Johnston, global insurance company at Willis Re, said in a statement. with th the report. "However, we see that a number of insurtechs are already adding some genuine value to our industry. We are still pragmatic about where in the value chain we believe this can be achieved."

                    


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