【PitchBook】2024年三季度保险技术报告-2024_12页_8mb

报告摘要

July 9: GUARD Insurance exited California’s market amid wildfire risks, creating opportunities for insurtechs like Kettle and Delos to address insurance gaps.
July 17: Priceline selected Cover Genius as its North American travel insurance partner, demonstrating insurtech adoption in digital distribution.
July 26: Cyber insurer Cowbell raised $60M at a down round, reflecting evolving cyber risks and incumbent backing.
August 29: Aon sued China Construction Bank over fraudulent reinsurance tied to failed insurtech Vesttoo, highlighting systemic risks.
September 4: PruVen Capital closed a $378.5M fund targeting insurance and fin-tech startups, signaling renewed investor confidence.
September 27: Zillow integrated climate risk data into property listings, linking real estate with insurtech solutions.

Deal Volume: $1.6B invested across 101 deals, highest quarterly value since Q3 2023; megadeals (≥$100M) returned after a 4-year absence.
Deal Valuations: All stages saw median valuations rise (e.g., early-stage up 78.5% YoY), signaling market maturation and competitive deal-making.
Exit Trends: M&A dominates exits, with insurers acquiring core tech providers (e.g., Moody’s acquiring Praedicat). IPOs remain limited due to weak public markets.

Segments: Activity concentrated in cyber, distribution, and administrative tools; cyber deals surged following Cowbell’s Series C, while health/property segments saw infrastructure investments.
Notable Deals (Early/Late Stage):
- Early Stage: Insurtechs raised focus on underwriting (arqu, Demex), policy automation (Ledgebrook), and marketplaces (Full Peace Technology).
- Late Stage: Acquisitions (Praedicat) and strategic insurtech rollouts (Companion Protect by Liberty Mutual).

Overview: Conversational AI platform that automates insurance sales, underwriting, and management, improving efficiency and customer experience.
Financing: $6.7M total raised to date. Peppercorn_AI
Leadership: Co-founded by insurance tech veterans; future growth driven by AI scaling in global markets.

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