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Insurtechs still attracting investors as sector evolves

January 19, 2021

Funding for technology companies focused on the insurance industry will likely be robust this year and into 2022 as so-called insurtech companies mature, according to a recent report and other industry sources.

Although insurtech investments slowed after the outbreak of the COVID-19 pandemic last March, recent examples of successful public capital raising and acquisitions by traditional insurers could encourage more deals, they say.

Insurance-related technology startups “will still be able to secure the large amounts of financing required … given funding trends through the first nine months of 2020,” S&P Global Inc. said in a report on the sector released last week.

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