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Insurtech investments fall in 2022 amid Covid and cost-of-living crisis – GlobalData

By 2022-08-19T13:26:00

investment money down

The data and analytics said insurtechs will need to refocus as a result of tough economic times

Total investments in insurtech firms have fallen significantly in 2022 after being impacted by the Covid-19 pandemic and the cost-of-living crisis, according to data and analytics firm GlobalData.

The firm’s Deal’s Database revealed that there had been $1.0bn (£8.19bn) invested into insurtech by the end of July 2022, representing 49.5% of the total annual 2021 figure – this suggests growth is unlikely in 2022.

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