Insurtech fundraising reaches all-time high

Global fundraising for insurtech startups has already reached an all-time high in volume in 2018 as of October with 204 deals, following 202 deals in the full year of 2017 and 174 transactions in 2016, according to the latest The Insurtech M&A Market Report by Hampleton Partners. Fundraising transaction values reached $2.6 billion so far in 2018, close to the 2015 peak of $2.7 billion. In 2017, transaction values were at $2.2 billion, following $1.7 billion in 2016. Since 2016 the insurtech sector has reported 151 acquisitions, with 22 buyers making more than one acquisition, according to the report. Strategic buyers, such as insurance enterprise software company Sapiens International and insurtech Charles Taylor, are in the driving seat with 87 per cent of all transactions, versus private equity's 13 percent, the reported noted.