State of Insurtech 2023 Report

State ofInsurtech Global |2023recap Global data and analysis on dealmaking, funding, andexits by private marketinsurtechcompanies Makesmartertech decisions. Our platform will help youdiscover, understand, andmanageyour response to emerging tech. Make confidenttech decisions that drive growth, improve operations, andbeat the competition with CB Insights. ▮▮▮▮IIIITry our platform–free!Sign up for a free trial ContentsState of Insurtech Investment Trends6Unicorns29Exit Trends34Investors40 Collection Spotlights44 Life & Health Insurance45P&C Insurance56 Geographic Trends67 US68Asia76Europe84 “Steal” our data. Download the underlying data in this report. If you createany analysis or visualizations with this data, send it ourway and you could be featured in the CBI newsletter.@ us on social–LinkedIn X (Twitter)Instagram Global Trends Investment Trends State of Insurtech|Global Trends|Investment Trends Annualequityfunding & deals State of Insurtech|Global Trends|Investment Trends Quarterlyequityfunding & deals State of Insurtech|Global Trends|Investment Trends Funding & deals by global region in Q4’23 State of Insurtech|Global Trends|Investment Trends Percent of quarterly deals by global region State of Insurtech|Global Trends|Investment Trends Percent of quarterly deals by investor group State of Insurtech|Global Trends|Investment Trends Annualaverage& median deal size State of Insurtech|Global Trends|Investment Trends Annual median deal size by global region State of Insurtech|Global Trends|Investment Trends Annual median deal size by investor group State of Insurtech|Global Trends|Investment Trends Annual$100M+mega-roundfunding & deals State of Insurtech|Global Trends|Investment Trends Quarterly mega-round funding & deals State of Insurtech|Global Trends|Investment Trends Mega-round funding & deals by global region in Q4’23 State of Insurtech|Global Trends|Investment Trends Quarterly mega-round deals by global region State of Insurtech|Global Trends|Investment Trends Quarterly mega-rounds as percent of funding State of Insurtech|Global Trends|Investment Trends Annual percent of deals by deal stage State of Insurtech|Global Trends|Investment Trends Regional deal share by deal stagein Q4’23 State of Insurtech|Global Trends|Investment Trends Annual median funding by deal stage State of Insurtech|Global Trends|Investment Trends Global: Top Series C deals in Q4’23 State of Insurtech|Global Trends|Investment Trends Unicorns State of Insurtech|Global Trends|Unicorns Quarterly new & total unicorns(private companies valued at $1B+) State of Insurtech|Global Trends|Unicorns New & total unicorns by global region in Q4’23 State of Insurtech|Global Trends|Unicorns Quarterly new unicorns by global region State of Insurtech|Global Trends|Unicorns Global: Top unicorns by valuation in Q4’23 Exit Trends Quarterly exits State of Insurtech|Global Trends|Exit Trends Quarterly exits by global region State of Insurtech|Global Trends|Exit Trends Global: Top M&A exits in Q4’23 State of Insurtech|Global Trends|Exit Trends Global: Top SPACs in Q4’23 Investors State of Insurtech|Global Trends|Investors State of Insurtech|Global Trends|Investors Global: Top VCs by company count in Q4’23 State of Insurtech|Global Trends|Investors Global: Top CVCs by company count in Q4’23 Collection Spotlights Life & HealthInsurance Annual funding & deals State of Insurtech|Collection Spotlights|Life & Health Insurance Quarterly funding & deals State of Insurtech|Collection Spotlights|Life & Health Insurance Funding & deals by global region in Q4’23 State of Insurtech|Collection Spotlights|Life & Health Insurance Quarterly deals by global region State of Insurtech|Collection Spotlights|Life & Health Insurance Annualaverage& median deal size State of Insurtech|Collection Spotlights|Life & Health Insurance Annual percent of deals by deal stage State of Insurtech|Collection Spotlights|Life & Health Insurance Quarterly new & total unicorns State of Insurtech|Collection Spotlights|Life & Health Insurance Annual exits Quarterly exits P&C Insurance Annual funding & deals State of Insurtech|Collection Spotlights|P&C Insurance Quarterly funding & deals State of Insurtech|Collection Spotlights|P&C Insurance Funding & deals by global region in Q4’23 State of Insurtech|Collection Spotlights|P&C Insurance Quarterly deals by global region State of Insurtech|Collection Spotlights|P&C Insurance Annualaverage& median deal size State of Insurtech|Collection Spotlights|P&C Insurance Annual percent of deals by deal stage State of Insurtech|Collection Spotlights|P&C Insurance Quarterly new & total unicorns Quarterly exits Geographic Trends US Trends Annual funding & deals State of Insurtech|Geographic Trends|US Trends Quarterly funding & deals State of Insurtech|Geographic Trends|US Trends Annual percent of deals by deal stage Quarterly exits State of Insurtech|Geo