GLOBAL INSURTECH INVESTMENT BREAKS RECORDS 

Global investment in the insurtech sector broke all records in 2021, according to new data. Total funds invested soared to $15.8bn, representing the highest annual capital inflow ever and more than in 2020 and 2019 combined, according to Gallagher Re. The deal total reached 564, with record highs for international participation, unicorn creation, initial public offerings and single-deal size with Integrity Marketing Group’s $1.2bn capital raise in December. Over the course of 2021 some $9.4bn was invested into property/casualty (P&C) insurtechs, with the balance of $6.4bn directed into life and health companies. The rise in total funding in the final quarter of last year was driven by 13 “mega-round” deals, which accounted for 71% of the $5.3bn invested during that period.