FOREWORD

INSURTECH RISES TO THE CHALLENGE While experts wring their hands over economic forecasts , the insurtech investment space is optimistic

INSURTECH MAGAZINE IS PUBLISHED BY

“ There was a

‘ batten down the hatches ’ feel to that whole period ”

The year 2021 was a boom-time for insurtechs . This 12-month period was filled with large investment rounds that saw traditional insurers partner with innovative startups , while a wide spectrum of dynamic market offerings hit the headlines .

Then came 2022 - and the war in Ukraine - which saw inflation spiral and companies lose large percentages off their valuations . Insurtech companies suffered greatly in the first two quarters of the year . In reaction , investors drew tight the purse strings and watched the world stage with interest .

Meanwhile , market-leading insurtechs experienced a direction change . Their heady growth plans scuppered , many also shed new staff and put their latest projects on hold . There was a ‘ batten down the hatches ’ feel to that whole period .

But , as Q4 draws to a close , the turbulence and uncertainty is abating . Investors are finding their sea legs , and once again recognising that innovation and good business modelling will always be a sound investment .

Our selection of features this month focus on what is possible - and where insurtechs are heading . And , the horizon is bright and positive for this shiny , new sector in insurance .

The evenings might be drawing in , but insurtech is still reaching for those bright heights

Let us know your thoughts - and stay positive !

InsurTech Magazine November 2022 | Page 5

INSURTECH RISES TO THE CHALLENGE While experts wring their hands over economic forecasts , the insurtech investment space is optimistic

“ There was a

‘ batten down the hatches ’ feel to that whole period ”