Insurtech's Hot Streak Has Ended. What's Next?

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<title>Insurtech's Hot Streak Has Ended. What's Next?</title>
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<namePart>Stefano, Guglielmo de </namePart>
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<dateIssued>2023</dateIssued>
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<abstract displayLabel="Summary">The global technology sector experienced a sharp reset in 2022 due to a combination of high inflation, rising interest rates, weak economic growth, and geopolitical tension. Insurtech was no exception. Investments in the fintech sector decreased by 43% year over year, with insurtech registering the largest drop at 50%. After hitting a peak of $4.9 billion in the second quarter of 2021, insurtech funding began its descent. By the fourth quarter of 2022, funding had reached its lowest level of the past 20 quarters, with only $800 million invested. That marked a decrease of 64% from the previous quarter and 78% from the fourth quarter of 2021. To a certain degree, insurtech is still reaping the benefits of record growth in previous years; global insurtech investment registered a compound annual growth rate (CAGR) of 34% between 2018 and 2022. But the pace of growth has slowed significantly, and the market shows no signs of a rebound</abstract>
<note type="statement of responsibility">Guglielmo de Stefano...[et al.]</note>
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<topic>Mercado de seguros</topic>
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