Insurtech funding rose 52% from the second to third quarter, according to CB Insights’ State of Fintech Q3 2020 report.
Funding reached $2.56 billion in Q3, up from $1.7 billion in Q2 and $978 million in Q1. In the third quarter of 2019, funding was just under $2 billion.
Nearly half of that funding came from five megadeals:
- $500 million for Bright Health
- $250 million for Next Insurance
- $230 million for Waterdrop Inc.
- $150 million for Hippo
- $130 million for PolicyBazaar
The top 25 insurers completed 66 total deals so far in 2020, the most ever for this cohort on a year-to-date basis. In total, 318 VC deals were completed in the first three quarters of the year, rising from 99 in Q2 to 105 in Q3.
Source: Digital Insurance
LinkedIn
Twitter
Facebook
Accelerant appoints Linda S. Huber as Chief Financial Officer
April 2, 2026
Accelerant has named Linda S. Huber as its new Chief Financial Officer, strengthening its leadership team as it continues to scale its data-driven specialty insurance marketplace.
Price Forbes Singapore appoints Rajiv Ramakrishnan to lead A&H expansion in APAC
April 2, 2026
Price Forbes has strengthened its Asia-Pacific growth strategy with the appointment of Rajiv Ramakrishnan as Head of Accident & Health (A&H) in Singapore.
AIG accelerates AI strategy to drive growth and innovation
April 1, 2026
AIG is doubling down on its artificial intelligence strategy as it looks to enhance growth, strengthen capabilities, and navigate an increasingly dynamic risk environment, according to CEO Peter Zaffino.
