Insurance is a $6 trillion global industry, that has been largely undisrupted for centuries. But our latest report in partnership with Mundi Ventures, shows that a new generation European insurtech startups are now attracting (big) record levels of investment to change that.
Insurtech remains underinvested compared to other sectors but is now growing much faster (4.1x globally 2016 to 2020, vs. 1.8x for all VC investment)
European Insurtech startups now have a combined enterprise value of €23B, a more than 5x increase from €4B in 2016
Insurtech investment in Europe is growing faster than anywhere else in the world, reaching €1.8B in the first five months of 2021, 13x vs. full year 2016
Insurance is evolving from pure risk transfer to service-led models and ecosystems, including risk prevention and ancillary services.
But what about the next decade?
Julian Teicke, Founder & CEO of newly unicorned wefox, told us: “Availability of contextual data will change the role of insurers from offsetting risk to actually preventing it. That is insurance getting in its sweet spot. This will make the difference between the companies that will be around or not in 10 years.”
We’re very excited to announce the new Alberta startup ecosystem platform, in partnership with A100, Alberta Enterprise Corporation, and the Venture Capital Association of Alberta, the first platform of its kind in North America.
The new Start Alberta database, powered by Dealroom, catalogues every startup, investor, corporate and support organisation in the province which includes the major cities of Calgary and Edmonton. Discover Alberta's 4 unicorns, 10 future unicorns. 1000+ funding rounds, 28 accelerators, and the startup-investor matching tool.
⏱️ Fight like we're running out of time - great 3 min Medium read from Christian Hernandez (Partner at 2150) on climate, innovation and venture. Tick, tock.
🔌 Barcelona's Electric Vehicle (EV) charging startup Wallbox announced it's going public via $1.5B SPAC merger. Explore the EV charging startup landscape.
📹 Watch again: last week's panel on Corporate Venture Capital and innovation with Megumi Ikeda (Hearst Ventures), Kartik Gupta (Salesforce Venture), Henry Lan Fox (Founders Factory) and Maija Palmer (Sifted), co-hosted by Dealroom.
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