An early look at insurance tech deal activity in 2016 shows early-stage insurance tech financings on pace to hit a new quarterly record in Q1’16, according to CB Insights data.
To date, there have been 24 seed or Series A insurance tech deals globally, just 67 days into the year. For context, these would amount to 35% of all early-stage insurance tech activity in 2015 and nearly 49% of all early-stage deals in 2014.
While we’d earlier highlighted that 2015 saw U.S. non-health insurance startups nearly reach parity with health insurance companies for dealflow, early-stage insurance tech deals in 2016 have largely fallen outside the healthcare space. The chart below shows the deal breakdown of health insurance-related tech vs. non-health insurance tech seed and Series A deals in 2016 year-to-date.
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