P&C trends report. WTW Quarterly InsurTech Briefing.
Hi there,

We recently released two new reports.

The first, Willis Towers Watson's Quartely InsurTech Briefing, looks at event-based, or parametric insurance offerings. The briefing includes a number of Q&As and profiles and the latest data on funding volumes, partnerships, and (re)insurer investment. If you missed the first two briefings from earlier this year, those PDFs are available for download here and here.

Download a PDF copy.

The second is an analysis of emerging technologies in P&C insurance using CB Insights' new NExTT framework. That report is available here.

2018 year-in-review

In 2018, startups providing software to the (re)insurance industry and/or distributing insurance in one form or another continued to drive investment to the tune of over $4.1B. Large investments accelerated as 28 companies raised $30M+ financing rounds in 2018 year-to-date. 

In 2018, we also started to gauge how startup challengers are performing in the marketplace. There's been some great analysis written on the strategies and challenges of full-stack insurance startups in the US. Meanwhile in China, Zhong An Insurance has been trading in the public markets for over a year as it looks to diversify its business away from some of its high-profile partners and shareholders.

Over the course of this year, we also highlighted in this newsletter numerous partnerships struck between (re)insurers and startups. These partnerships occurred across the spectrum from small business fintech to online health services to ride-hailing platforms. We'll be doing some deeper analysis on this dataset next year.

In a few cases, we've even started to see some business transformation. Consider the recent merger of Lennar's North American Title Group (NATG), the 8th largest title writer in the US by market share, and States Title, a two-year old startup, or the recently acquired majority stake of MassMutual Asia by Jack Ma's Yunfeng Financial, which will utilize fintech capabilities to sell MassMutual Asia’s life and pension products in Hong Kong and Macau. 

Looking ahead to next year, we'll continue to track the broad impacts of new technologies and business models across different industries on the insurance industry and where and how (re)insurers are allocating resources. If there are areas you'd like us to dig into, shoot us a note.

As always, thanks for reading. We'll see you in 2019!

Happy holidays,



Quarterly insurance tech briefing - Q3 2018

This report takes a data-driven look at global insurance tech trends, with a focus on parametric insurance. Download the report.
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P&C insurance tech trends report

An analysis of emerging P&C insurance tech trends using the CB Insights NExTT framework. Download the report.
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This Week in Insurance Tech 

A curated mix of recent articles on insurance tech financings, exits, hiring, product launches, partnerships, and perspectives.


Cambridge Mobile Telematics raises $500M. SoftBank's Vision Fund led the backing to the Cambridge, Mass.-based company that provides technology to measure driving risk and improve driver safety.
Insurance Journal

Singapore Life gets $52M investment. The deal gives Michael Spencer’s investment group, IPGL, a controlling 63.2% stake in the Singaporean life insurance company.

Insurance Business

Bowtie raises $30M. The Hong Kong-based digital health-focused insurer earned a virtual insurer license with backing from Sun Life Financial and Hong Kong X Technology Fund.

Mylo raises $28M. Mylo is the digital personal and small business insurance brokerage brand of Lockton Companies.
CB Insights raises $13M. The Oakland-based startup provides image-based property intelligence tools to the P&C industry. Luxembourg-based Blamar led the round.
Intelligent Insurer

Life by Spot raises $5.8M. The Austin-based startup aims to provide short-term life insurance. Silverton Partners led the round.

Puying Intelligence raises $2.9M. The Shanghai-based startup provides SaaS services for health insurance claims.

By (re)insurers

NFP Ventures invests in Indio. The San Francisco-based startup provides a management software platform for P&C agencies. 
PE Hub

Munich Re's ERGO Fund invests in Fair. The flexible auto leasing marketplace plans to take its business global.

AmFam Ventures invests in Protecht. The Newport Beach-based specialty insurance MGA offers products across the live events space.
Carrier Management

Allianz invests in HeavenHR. The Berlin-based startup provides a cloud HR management platform. HeavenHR offers a mix of free and additional services including payroll, benefits, pension, and insurance management.
Deutsche Startups


The Hartford acquires Y-Risk. The managing general underwriter specializing in serving sharing and on-demand economy risks will become part of The Hartford's Strategy and Ventures group.
Insurance Journal

Change Healthcare acquires assets of PokitDok. The acquisition includes advanced software, IP, and the PokitDok team.
Healthcare Dive

Company & Insurer News

States Title acquires Lennar subsidiary. The new company, which merges North American Title and the majority of its retail title business with States Title, will continue to operate under the North American Title brand. Lennar will assume a substantial minority equity ownership stake.

CoverWallet offers platform for agencies. Agents onboarded to CoverWallet for Agents will be acting as subproducers of CoverWallet and get access to carriers that CoverWallet has on its platform.
Insurance Journal


Insurtech startup financials. Adrian Jones and Matteo Carbone analyze the latest financials of insurtech startup carriers.

10 predictions for 2019. XL Innovate's Martha Notaras offers predictions on partnerships, small business insurance, cross-industry activity, and more.
Digital Insurance
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