Tech »  Topic »  Insurtech is hot on both sides of the Atlantic

Insurtech is hot on both sides of the Atlantic

The U.S. insurance technology market is hot, and has been for years now. Back in early 2020, to pick an example, TechCrunch reported on a wave of funding events among domestic insurtech marketplaces. Those companies have since gone on to raise hundreds of millions of dollars more.

And after a long period of incubation, we’ve seen neo-insurance players from the U.S. like Root and MetroMile go public. Hippo is working to join the cohort.

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So from the perspective of venture capital activity, startup growth, and exits, insurtech is proving itself in the States. Even if growth remains the name of the game in insurance tech and profits are often scarce.

What about other markets? The recent Wefox round caught The Exchange’s eye. A $650 million ...

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