Last few months have seen private market investors pouring capital into promising insurtech startups, while the public markets sent the value of recently public insurtech companies lower and lower. The decline in the value of public insurtech unicorns has been an oft-repeating theme. Contrarily, global insurtech venture activity has been hitting new highs. In 2021,…
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Across industries, it’s generally accepted that it costs about five times as much to attract a new customer as it does to sell to an existing one. In insurance, the cost of acquiring customers (CAC) is higher, at seven to nine times that of selling to an existing customer. On average, that’s paying between $487…
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Insurers seemingly don’t attract the adulation they deserve from investors. Despite a core subset of insurers delivering strong operational results, share-to-price performance has largely lagged other financial companies. The KBW Nasdaq Insurance Index (KIX), which reflects performance of US carriers, has trailed performance of the Financial Select Sector SPDR Fund (XLF), which tracks financial-services companies,…
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In the first half of 2021, European insurtech start-ups surpassed the 2020 total capital invested by more than a billion dollars, nearing $1.9 billion at end of May. The continent saw a few mega-deals, such as health insurer Alan’s €185 million Series D and fraud-detection software provider Shift Technology’s $220 million round. Other insurtechs to…
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