A great little post by Chris Downer of XL Innovate comparing the investment in #insurtech in the US with the UK (with some good history around the importance of insurance to San Francisco).
The message we keep hearing is that the quality (and quantity) of insurtech start-ups in the UK is superior to the US, but that the US investment architecture is many times better. The interesting question is how will these different strengths affect the type of start-ups that really gain traction.
By any metric, the US insurtech market dwarfs the UK market. The delta across total funding, number of deals, average and median deal size is striking. Since 2009, the US has seen over $4.3bn in total startup funding, while the UK has seen $33mm — a dramatic gap. Given the significantly more robust venture ecosystem, the average US deal has been 8x bigger and the US has seen 12x more deals over this period.
https://media.xlinnovate.com/is-insurtech-breaking-londons-insurance-dominance-961491945860
