Fast-forward sixteen years and the Swiss reinsurance giant is again investing in tech startups. In June, Swiss Re led direct investments into wearable physiology monitoring company Biovotion and personal data sharing app Digi.me.
Deals drop in Q2
While total funding to insurance tech startups topped $1B in the first half of 2016, deal activity in the insurance tech space fell in Q2’16 after a record quarter for deal pace in Q1’16.
The FT has a profile out today on LA-based but Kenya-targeted mobile lending startup InVenture. The piece mentions InVenture’s ambitions to diversify into other areas of financial services including insurance:
It’s not the first time a fintech startup in another area has publicly mentioned potentially forthcoming insurance products or ambitions. Here are four others: