Insurtech 1.0, which started around 2010, marked the digitisation of the insurance industry with new players focusing on online Direct-to-Consumer (D2C) insurance, especially in the Property & Casualty (P&C) sector. However, many of them failed due to the complexity of becoming full-fledged insurers and high customer acquisition costs (CAC).
Insurtech 2.0, which emerged around 2022, has harnessed the technological advances and learnings from Insurtech 1.0, focusing on innovative models such as embedded insurance, user-based pricing, telematics and artificial intelligence-based solutions. This wave emphasised cooperation with traditional insurers and open insurance, improving data access and integration.
Venture capital investments have shifted significantly, with distribution and brokerage seeing an increase in allocations, reaching almost 50 per cent of transaction volume by early 2024, while Challenger and Full-stack insurance categories have seen a decline in funding share.
In this research you will learn more about:
Klecha & Co. is a European private investment bank focused on technology, software, IT services, hardware and IoT, helping entrepreneurs, companies and financial investors with their strategy definition and post-acquisition integration issues, as well as for raising the necessary capital to execute their strategies.
With over 14 years in the market and offices in Milan, London, Paris, Madrid and New York, we have demonstrated global execution capabilities and a network of thousands of active C-level contacts and hundreds companies worldwide in the Tech industry.