ICMIF Supporting Member Gallagher Re has published its Global InsurTech Report for Q1 2022. The theme for this year will be ‘Geographic Trends and Regional Idiosyncrasies’, with this first report for 2022 taking a specific look at ‘the Americas’ through an InsurTech lens. As well as profiling various InsurTech businesses, clients and individuals, the report provides the most current InsurTech investment data.
Key findings for Q1 2022:
- Overall funding was down this quarter, albeit with Q1 recording an impressive USD 2.2 billion. As a reminder, the previous quarter (2021 Q4) logged a record-breaking USD 5.3 billion, therefore this most recent quarter represents 43% of 2021 Q4’s total.
- Total deal count saw almost no quarter-on-quarter change, with 143 deals global recorded. Of these deals, 106 were into P&C oriented InsurTechs; L&H oriented InsurTechs completed the other 37 deals.
- Geographically, 2022 Q1 was a widely diverse quarter. While the US dominated with a 47% share of deals (67), there was a total of 31 countries participate in global InsurTech investment.
- There were 5 mega rounds this quarter; total mega-round-related investment totalled at USD 664 million, representing 30% of all capital invested this most recent quarter.