Funding from insurers, venture capitalists and other firms in the insurtech industry reached $985 million in the second quarter of 2017, according to Willis Towers Watson and CB Insights’ quarterly Insurtech Briefing. That’s up from $283 million last quarter and $398 million in the same period last year.
The total is the most in terms of raw dollars since the second quarter of 2015 and the second-highest quarter since Q1 2012, the companies say. In addition, the 64 total deals in the quarter are the most ever in a three-month period. Of those 64, 31 were perfomed by the venture arms of insurance companies, also a record for a quarter.
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