BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Insurtech funding hits record for quarter, year


Quarterly insurtech funding reached an all-time high of $1.99 billion during the fourth quarter, marking the sixth consecutive quarter over $1.2 billion, according to the Quarterly InsurTech Briefing released Friday by Willis Towers Watson PLC.

The fourth-quarter total was up 25.2% from the year-earlier period’s $1.59 billion.

The total for all of 2019 was a record $6.35 billion, up 52.2% from $4.17 billion in 2018

Of the 2019 total, $3.519 billion was on the property/casualty side and $2.829 billion on the life and health side, compared with $2.163 billion and $2.003 billion, respectively, in 2018.

Of the 760 insurtechs included in the fourth-quarter report, 19% were primarily focused on pricing and underwriting; 45% were primarily focused on the process of quote, bind and issue; 28% were primarily focused on policy administration and central management systems; and 8% were primarily focused on claim processing, Willis Towers Watson said.

The report noted that the U.S. remains the “dominant insurtech force,” responsible for 54% of all deals and 67% of all funding since 2012.