Insurtech Q4 2017 Startup Highlights

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  1. 1. January 2018 Q4 Startup Highlights INSURANCE TECHNOLOGY
  2. 2. Quarterly insurance technology highlights 2 This brief overview of the insurance technology sector provides three sections Visit www.venturescanner.com to learn about our complete startup research platform SectorSummary Macro-level viewson the state of the insurance technology sector LatestActivity Major funding and exit events from the previous quarter CategoryDiscovery Deep dive into a single insurance technology category
  3. 3. Sector Summary 3
  4. 4. INSURANCE TECHNOLOGY 14 Categories 1,438 Companies $19B Funding 4Sector stats are continuously changing,data cumulativeas of December2017
  5. 5. 5The graphic above shows a random sampling of companiesin each category, data cumulativeas of December2017 INSURANCE TECHNOLOGY Automotive (158Companies) EmployeeBenefits (90Companies) Enterprise/Commercial (153Companies) Health/Travel (158Companies) Data/Intelligence (122Companies) ConsumerManagement (95Companies) Education/Resources (38Companies) Comparison/Marketplace (406Companies) Infrastructure/Backend (287Companies) UserAcquisition (117Companies) Life,Home,P&C (153Companies) P2PInsurance (32Companies) Product (41Companies) Reinsurance (33Companies) The Venture Scanner researchplatform currently tracks 1,422 insurance tech startups with $19B in funding
  6. 6. Health Life, Home, P&C Auto Insurance DataInsurance Comparison Employee Benefits Insurance Infrastructure Commercial Insurance Reinsurance Product Consumer Management User Acquisition Insurance Education P2P Insurance 6 Innovation quadrant for insurance technology AverageFunding ESTABLISHED HEAVYWEIGHTS PIONEERS DISRUPTORS AverageAge This quadrant shows a relative segmentationof the categories with respect to oneanother, data cumulativeas of December2017 Visit www.venturescanner.comto learn more about our insurancetechnology research platform
  7. 7. 7 Insurtech VC funding is down from a few years ago, but upward over the past 5 years Overall insurtech technology funding grew at a CAGR of 25% from 2012-2017, and 2017 was 81% of 2016 funding Insurance Technology Annual Funding Over Time Data cumulativeas of December2017 Visit www.venturescanner.comto learn more about our insurancetechnology research platform 0 1 2 3 4 5 6 7 2011 2012 2013 2014 2015 2016 2017 Funding($B) Q1 Q2 Q3 Q4 Ping An raised $4.75B in Post-IPO Equity in Q4 2014
  8. 8. 8 Except for an outlier year, the most recent quarter was in line with previous totals The funding in Q4 2017 grew by 27% over the Q4 2016 funding total Insurance Technology Quarterly Funding Over Time Data cumulativeas of December2017 Visit www.venturescanner.comto learn more about our insurancetechnology research platform 0 1 2 3 4 5 6 2011 2012 2013 2014 2015 2016 2017 Funding($B) Q1 Q2 Q3 Q4 Ping An raised $4.75B in Post-IPO Equity in Q4 2014
  9. 9. 9 Exits within the space are on a general upward trend Quarterly insurance technology exits in 2017 were lower than 2016, with Q4 2017 seeing a drop of 73% from Q4 2016 Insurance Technology Exit Events Over Time Data cumulativeas of December2017 Visit www.venturescanner.comto learn more about our insurancetechnology research platform 0 2 4 6 8 10 12 14 16 2011 2012 2013 2014 2015 2016 2017 ExitEvents Q1 Q2 Q3 Q4
  10. 10. Latest Activity 10
  11. 11. 11 Insurance technology funding events were mostly early stage in Q4 2017 There were 50 funding events this quarter, 70% of which were Seed or Series A Recent Insurance Technology Funding Round Counts Graphs shows only the funding rounds listed therein Visit www.venturescanner.comto learn more about our insurancetechnology research platform - 2 4 6 8 10 12 14 Seed A B C D Late Stage FundingEvents Funding Event
  12. 12. 12 Most insurtech categories saw funding this quarter Insurance technology startups raised $564 million over the last quarter Quarterly Insurance Technology Category Funding Companiesare categorized by function, and therefore can exist in multiple categories. Visit www.venturescanner.comto learn more about our insurancetechnology research platform 0 50 100 150 200 250 QuarterlyFunding($M)
  13. 13. 13 Recent insurance technology funding events Notable Recent Insurance Technology Funding Events Company FundingType Amount Date Series C $120,000,000 Dec 19, 2017 Series D $97,000,000 Dec 19, 2017 Series E $77,000,000 Oct 13, 2017 Venture $36,000,000 Oct 3, 2017 Series C $35,000,000 Nov 15, 2017 The top 5 insurtech events accounted for 27% of quarterly funding Visit www.venturescanner.comto learn more about our insurancetechnology research platform
  14. 14. 14 Recent insurance technology exit events Notable Recent Insurance Technology Exit Events Company Acquirer Amount Date $275,000,000 Oct 6, 2017 Unknown Dec 13, 2017 Unknown Nov 28, 2017 Unknown Nov 13, 2017 There were 4 insurance technology exits this past quarter, all of which were acquisitions Visit www.venturescanner.comto learn more about our insurancetechnology research platform
  15. 15. Category Discovery Insurance Data Every quarter a newcategory will receivea deep dive,providing comparisonsto other categories and discussingtrends 15
  16. 16. 16 Insurance data is one of the leading categories within the insurtech sector The insurance data category accounts for 9% of funding in the sector and saw modest growth last quarter Venture Investing in Insurance Technology Companiesare categorized by function, and therefore can exist in multiple categories. Data cumulativeas of December2017 Visit www.venturescanner.comto learn more about our insurancetechnology research platform 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 0 2 4 6 8 10 12 GrowthfromPreviousQuarter Funding($B) Previous Total Quarterly Funding Percent Growth
  17. 17. 17 Companies within insurance data are funded like the typical insurtech company Insurance data has a median funding exactly at the average of other categories, and a first quartile that is $4M higher Insurance Technology Category Funding Quartiles Companiesare categorized by function, and therefore can exist in multiple categories. Data cumulativeas of December2017 Visit www.venturescanner.comto learn more about our insurancetechnology research platform 0 10 20 30 40 50 60 FundingQuartiles($M) First Quartile Median Third Quartile
  18. 18. 18 Annual insurance data funding events are on a general upward trend Overall insurance data funding grew at a CAGR of 19% from 2012-2017 Insurance Data Annual Funding Events Data cumulativeas of December2017 Visit www.venturescanner.comto learn more about our insurancetechnology research platform - 5 10 15 20 25 30 35 40 2011 2012 2013 2014 2015 2016 2017 FundingEvents Q1 Q2 Q3 Q4
  19. 19. 19 Funding within insurance data is highly concentrated Insurance Data Companies with Largest Funding Amounts Company LatestRound Amount Location Private Equity $2,100,000,000 Palo Alto, CA, USA Seed $110,000,000 San Francisco, CA, USA Venture $95,000,000 United Kingdom Venture $61,000,000 Redwood City, CA, USA Series B $52,000,000 Folsom, CA, USA The top 5 insurance data companies by total funding account for 79% of overall category funding Visit www.venturescanner.comto learn more about our insurancetechnology research platform
  20. 20. About Venture Scanner 20
  21. 21. Venture Scanner is the foundation of your startup research 21 Our insurance technology research platform keeps you ahead of the innovation curve UncoverTrends Develop insights into technology sectors IdentifyStartups Find companies relevant to your strategic needs StayCurrent See all updates and developments Join international Fortune 500 companies that trust Venture Scanner to power their startup research needs Visit www.venturescanner.comto learn more about our insurancetechnology research platform
  22. 22. Want to learn more about our complete insurance technology researchplatform? Click here or contact info@venturescanner.comto learn more