There were almost 300 InsurTech deals completed in Europe between 2014 and H1 2019, with more than $2.6bn raised across these transactions.
Investors such as Finch Capital see the real momentum in the InsurTech space in Europe coming from company that enable incumbents to transform rather than those startups that are a ‘disruptive’ force.
The ten most active investors in Europe are made up solely of accelerators (Startupbootcamp, Plaug and Play, Seedcamp, Techstars) and venture capital firms (Anthemis Group, LocalGlobe, Eos Venture Partners, Rheinagau Founders, K Fund, InsurTech.VC).
Startupbootcamp has been the most active investor in the InsurTech space in Europe, completed 16 deals between 2014 and H1 2019. The accelerator runs Startupbootcamp InsurTech to foster innovation in the InsurTech space and counts large insurance companies such as Lloyds, Munich Re, Swiss Re, Zurich and XL Catlin as partners.
Anthemis Group is a FinTech investor based in London and has been the most active venture capital firm investing in InsurTech in Europe. The firm’s largest InsurTech deal in Europe was a $22.3m Series A investment in omni:us, an AI-driven end to end claims management provider based in Berlin, in Q4 2018. This funding was led by Target Global, MMC Ventures, and Talis Capital, and omni:us counts several large insurance companies such as Allianz as clients.
