As Insurtech Exits Spike, More VC Money Piles Into The Space

Insurance isn’t known as a fast-moving industry. The oldest names in the business have been around for centuries.

And the core business proposition — paying policyholders in bad circumstances using money from those who averted disasters — has pretty much stayed the same.

But in recent years, this most traditional of industries has been an ultra-hot sector for VCs and startup founders.

From digital-first insurance providers to AI-enabled risk measurement tools to customer-focused SaaS plays, venture investors have poured over $20 billion into the space over the past three years.

A handful of startups have also been moving rather rapidly from launch to exit.