Europe catches up with US in insurtech investment

Europe saw the highest growth in insurtech investment in 2021, with three mega-deals (Wefox, Bought by Many and Alan) with a combined value of US$1.2bn.

This is among the findings of NTT Data’s 2022 Insurtech Global Outlook Report, which shows the US still ahead of the rest of the pack in terms of volume of investment accumulated in 2021. This included five mega deals: Collective Health, Extend, BitSight, Next Insurance and Ethos, the collective value of which was US$1.2bn.

The report further highlights that fintech is seeing much slower and more sustained growth than insurtech, with the average time from foundation to IPO eleven and seven years respectively.

    Share Story:


Cyber risk in the transportation industry
The connected nature of the transport and logistics industries makes them an attractive target for hackers, with potentially disruptive and costly consequences. Between June 2020 and June 2021, the transportation industry saw an 186% increase in weekly ransomware attacks. At the same time, regulations and cyber security standards are lacking – creating weak postures across the board. This podcast explores the key risks. Published April 2022.

Political risk: A fresh perspective
CIR’s editor, Deborah Ritchie speaks with head of PCS at Verisk, Tom Johansmeyer about the confluence of political, nat cat and pandemic risks in a world that is becoming an increasingly risky place in which to do business. Published February 2022.