Finance

The funds will be put toward expanding into new markets -- including the Netherlands, France, Spain and the UK -- and building out the platform, Wefox said.

Why are companies outsourcing today? The simple answer: there’s a massive shortage of talent.

It’s not an obvious time to launch an insurance-like product backed by cryptocurrencies.

Several insurtechs considered or used special purpose acquisition companies, a method of going public, in 2020 and 2021, but the results have been lacking.

SMA surveyed insurance professionals to understand how companies are approaching talent in 2022 and beyond.

There were about 18 funding rounds, including Branch with $147M, Series C.

The IMA Labs arm of IMA Financial Group is selective in its choices of insurtechs to back, with rigorous evaluations

The latest fundraising comes amid a challenging backdrop for the technology industry, with startups globally struggling to attract capital as investors shy away from riskier bets. 

There were about 20 funding rounds in the insurtech sector.

The next few years will determine the insurtech winners in an increasingly polarized competitive landscape.