Global insurtech funding reaches $15.8b in 2021

Insurtech deals reached a record breaking 564.

Investment in the insurtech sector reach $15.8b by end 2021, the highest annual capital inflow ever, according to Gallagher Re’s inaugural Global Insurtech Report.

In 2021, which saw a record breaking 564  deal total, $9.4b was invested into property and casualty insurtechs with the balance of $6.4b – about 40.5% of the total, following a huge uptick in Q4 – directed into Life & Health companies. 

The rise in total funding in the final quarter of last year was driven by 13 ‘mega-round’ deals. They accounted for 71% of the $5.3b invested during that period. Alongside these, 2021 Q4 was also – until the most recent first quarter of 2022 – the largest-ever for Seed, Angel, and Series A funding rounds, which totalled $635m.

“By the end of 2021 [since 2012], an enormous $41.65b had been invested globally into InsurTechs across 2,249 deals in 63 countries. It included 99 mega-round deals, which accounted for $21.88b of the total. Therefore, more than half of all the investment (52%) deployed during this period went into only 4.4% of all InsurTech deals,” Dr Andrew Johnston, global head of InsurTech at Gallagher Re said.

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