Florian Graillot

Data are coming from astorya.io, the databased market intelligence platform for insurance & banking technologies in Europe

1. Investment activity: is the glass half empty or half full?

With €1.5B invested last year in European InsurTech startups, that’s a 40% drop from a year before. On the other hand, there were 10% more deals announced than a year before !

2. InsurTech is still in early days

Last year, 48% of rounds announced were done below €3m (Seed stage).

3. InsurTech is more than ever a European industry

Almost ⅓ of rounds were done outside of the three biggest startups scenes - France, Germany and the UK -, and this share has been growing since inception (e.g. up from 22% in 2019 !)

4. No insurance line is immune to innovation

Once again, InsurTech startups which raised money in 2022 are covering all the business lines (Commercial, P&C, Life, Health in addition to Enterprise Software) and P&C was only a ⅓ of every deal.

5. InsurTech is getting closer to the insurance core engine

If 'distribution' accounted for more than half of all deals announced, the 'product' part of the value chain was also active, accounting for 25% of rounds in that category. These startups are addressing commoditized risks with new technologies or enabling coverage for new risks such as weather damage, cyber, and IT infrastructure.

Scope .

Scope .

New technologies enable insurance, to change its status quo, business models and way of serving customers in the age of continuous change. We are investing in visionary founders eager to build this next generation of insurance and capable to take their vision off-the-ground.

New technologies enable insurance, to change its status quo, business models and way of serving customers in the age of continuous change. We are investing in visionary founders eager to build this next generation of insurance and capable to take their vision off-the-ground.

2/9/23, 6:04 AM

Insurance

Early-stage Europe

Astorya.vc – Investing in Seed InsurTech startups across Europe

Increasing impact of evolving customer experience, data, digital platforms and new risks comes from everywhere

Insurance

Beyond pure insurtech, we are investing in all sectors in�uencing insurance: ntech, digital health, mobility, smart houses and cybersecurity

 Europe

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