Insurance Tech Q2 2020

Last quarter, Covid-19 put investor optimism and consumer confidence on pause.

But after a cautious Q1’20, investment bounced back: In Q2’20, insurtech companies raised $1.56B across 74 deals, representing a 71% quarter-over-quarter jump in total funding.

Q2’20 Insurtech Highlights

• Lemonade became the first US insurtech unicorn to go public
• Direct insurers turned to carrier acquisition to expand capabilities and geographies (i.e. Hippo’s acquisition of Spinnaker and Pie Insurance’s earmarking $100M in its latest raise to purchase a licensed insurance company)
• Share of L&H funding jumped from 17% to 32% of dollars invested as Covid-19 sparked a rush to get life insurance and a movement towards telemedicine
• Outside of the main hubs, global deal activity increased across several new geographies including Taiwan, Croatia, and Hungary — a trend that may continue as investors look to diversify risk

Willis Towers Watson’s Insurance Consulting and Technology provides a powerful combination of advisory services for insurance companies, integrated with leadingedge technology solutions and software that is underpinned by unparalleled analytical capabilities. We combine our deep insurance domain expertise with our technology capabilities to support clients with risk and capital management, strategy and growth, technology, and operational effectiveness and profitability.

Willis Re is one of the world’s leading reinsurance advisors. Over our 180-year history, we have developed a deep insight into all aspects of the global insurance industry. In particular, we understand how individual insurance companies develop and drive their own unique strategies to achieve their goals. We offer you comprehensive service backed by stable, well-trained staff to help you reach and exceed your specific targets in the most cost-effective fashion. We have a deep understanding of risk – and all the ways it affects capital and your organization’s financial performance. Our core focus is to provide you with a superior understanding of the risks you face, and then advise you on the best ways to manage extreme outcomes.