2020 and 2021 saw a great deal of M&A activity in the insurtech space – activity that has since cooled and remained that way as we near the end of 2022. The overall investment in insurtech generally boomed during 2020 and 2021, as the use of special purpose acquisition companies (SPACs) peaked which continued to cool off in 2022.
But what does the future hold for this activity? Digital Insurance spoke with executives from the venture investment arms of large insurance companies: Oshri Kaplan, Investment Director, Munich Re Ventures; Brian Anderson, Senior Investment Professional, Nationwide; and Eric Emmons, Managing Director at MassMutual Ventures. The executives expect an equally challenging market next year, but did point to some bright spots and underlying strengths.