CB Insights – State of Insurtech Recap, 2024

The report by CB Insights 'State of Insurtech Recap, 2024' highlights significant trends and data in the insurtech sector for 2024. Investors making multiple equity insurtech deals decreased significantly from 2021, with a 72% drop in those making at least two investments. Deal volume also fell, with only 7 investors making 5 or more deals compared to 57 in 2021. The total insurtech deals reached 362, the lowest since 2016, reflecting a 28% YoY decline. Despite reduced deal count, funding only slightly decreased from $4.7B in 2023 to $4.5B in 2024.