2023年年度保险科技年鉴报告

FTPartnersResearch|February2024 2023ANNUALINSURTECHALMANAC OverviewofFTPartners 17,000+M&ADeals 28,000+Financings 22,000+PE/VCFirms 56,000+FinTechCompanies •DataInsights •FinTechDealStatistics •InvestmentTrends •IndustryResearch •PublicComparables FTPartners’Data TableofContents FTPartnersResearch|February2024 1.ExecutiveSummary 2023InsurTechStatistics FINANCING M&A Approximately $6.3billion infinancingvolume &269 transactions Approximately $18.1billion inM&Avolume &142 transactions o o o o oo o o oo o o FTPartnersResearch|February2024 2.InsurTechFinancings InsurTechFinancingActivity:Annually InsurTechFinancingActivity:Quarterly InsurTechFinancingActivity:Monthly $1billion $625million $19million $33million $635million $120million $400million 2023INSURTECHALMANAC $180million $42million $110million AverageSizeofInsurTechFundingRoundsAcrossStages AverageFinancingRoundSize($inmm)–ExcludingRoundsOver$700million AllStages Seed SeriesA Showsthelargestroundbystageinspecifiedyear SeriesBSeriesCSeriesD+ $200million $650million $246million $110million $175million SeriesE $100million SeriesD 2023INSURTECHALMANAC TotalVentureFundingVolumeAcrossStages TotalVentureFundingVolumebyStage($inmillions) SeedSeriesA SeriesBSeriesCSeriesD+ 2023INSURTECHALMANAC TotalVentureFundingVolumeAcrossStages(cont.) TotalVentureFundingVolumebyStage($inmillions) 2023INSURTECHALMANAC SizeofInsurTechFinancings DistributionofGlobalFinancingRoundsbySize 2021 2022 2023 SelectedLargeInsurTechFinancings InsurTechFinancingsOver$50million SelectedLargestInsurTechFinancingsin2023 AnnounceDate Company Stage Investor(s) Amount($inmm) Country SelectedLargestInsurTechFinancingsin2023(cont.) AnnounceDate Company Stage Investor(s) Amount($inmm) Country FinancingActivitybyRegion NORTHAMERICA EUROPE ASIA RESTOFWORLD PercentageofTotalDealCount PercentageofTotalVolume LargestDealinRegion PercentageofTotalDealCount PercentageofTotalVolume LargestDealinRegion PercentageofTotalDealCount PercentageofTotalVolume LargestDealinRegion PercentageofTotalDealCount PercentageofTotalVolume LargestDealinRegion - - - oo o 2023INSURTECHALMANAC • • TheEuropeanInsurTechScene:WhattoLearnFromtheSeedStage(upto€3millionrounds) 2023INSURTECHALMANAC AllocationofInsurTechInvestments–P&C,Life,Health,Diversified AnnualBreakdownofInsurTechFinancingVolume P&CLifeHealth Diversified 2023INSURTECHALMANAC SelectedInsurTechInvestmentsin2023–P&C,Life,Health&Diversified SelectedP&CFinancings SelectedDiversifiedFinancings SelectedLifeFinancings SelectedHealthFinancings 2023INSURTECHALMANAC AllocationofInsurTechInvestments–Insurancevs.Tech AnnualBreakdownofInsurancevs.TechFinancingVolume $inmillions Insurance–Companiesinnovatingindifferentpartsoftheinsuranceproductanddistributionvaluechain Tech–Companiesprovidingnewcapabilitiestocarriers,agents,brokersandotherindustryparticipants SelectedInsuranceFinancings SelectedTechnologyFinancings SelectedInsurTechInvestmentsin2023–Insurancevs.Tech CumulativeFinancingRaisedbyVC-backedPrivateInsurTechCompanies CumulativeFinancingRaisedComparedtoCurrentMarketCapForSelectedPublicInsurTechCompanies PrimaryIPOProceeds/CashfromSPAC FormerlyBrightHealth^ (excludessecondary) TotalEquityFundingRaisedWhilePrivate (includessecondary) CurrentMarketCapitalization FTPartnersResearch|February2024 3.InsurTechInvestors Strategic/CorporateInvestors AlternativeInvestors 2023INSURTECHALMANAC Accelerators/Seed VentureCapital /PrivateEquity SelectedInsurTechInvestorsLandscape 2023INSURTECHALMANAC SelectedActiveInsurTechInvestors InsurTechInvestmentsin2023 16 12 4 8 5 3 8 5 3 8 3 5 7 4 3 7 3 4 6 4 2 6 3 3 6 2 4 6 2 4 5 1 4 5 1 4 5 1 4 4 3 1 4 3 1 4 3 1 4 2 2 Rankedbytotalnumberofinvestmentsin2023(includingfollow-ons) 2023INSURTECHALMANAC Strategic/CorporateInvestorInvolvementinInsurTechFinancing PercentofFinancingswithStrategicParticipation SelectedFinancingswithStrategicParticipationin2023 FTPartnersResearch|February2024 4.InsurTechIPOs VIEW VIEW U.S.InsurTechIPOTracker FilingDate IPODate Company AmountRaised($inmm) IPO Price CurrentPrice CurrentMarketCap($inmm) TotalReturn ResearchProfile FormerlyBrightHealth VIEW VIEWVIEW VIEW VIEW VIEWVIEW VIEW VIEW InsurTechSelectedCompanyPerformanceSinceIPOorSPAC 600% 560% 520% 480% 440% 400% 360% 320% 280% 240% 200% 160% 120% 80% 40% 0% VistaEquity’stakeprivateofDuckCreekat$19persharewasannouncedinJanuary2023andclosedinMarch2023.Thepresharepurchasepricerepresenteda30%declinefromitsIPOprice,buta64%premiumtothe30-dayVWAPaheadofthedealannouncement. 17% (30%)(1) (44%) (40%) (93%) (2) (80%) (120%) Jul-20Aug-20Sep-20Oct-20Nov-20Dec-20Jan-21Feb-21Mar-21 Apr-21May-21Jun-21Jul-21Aug-21Sep-21Oct-21Nov-21Dec-21Jan-22Feb-22Mar-22 Apr-22May-22Jun-22Jul-22Aug-22Sep-22Oct-22Nov-22Dec-22Jan-23Feb-23Mar-23 Apr-23May-23Jun-23Jul-23Aug-23Sep-23Oct-23Nov