PitchBook年一季度保险科技风险投资趋势（英）

EMERGING TECH RESEARCHInsurtech VC TrendsVC activity across the Insurtech ecosystemQ12025REPORT PREVIEWThe full report is available through the PitchBook Platform.CONFIDENTIAL. NOT FOR REDISTRIBUTION. PG 2ContentsQ1 2025 Insurtech VC TrendsInstitutional Research GroupAnalysisBen Riccio Associate Research Analyst ben.riccio@pitchbook.comDataMatthew Nacionales Senior Data Analystpbinstitutionalresearch@pitchbook.comPublishingReport designed by Chloe Ladwig and Drew SandersPublished on May 30, 2025Insurtech landscape3Insurtech VC ecosystem market map4VC activity5Insurtech VC deal summary19Going forward, our insurtech VC trends reports will only include charts and tables. For written analysis, previous updates, and our complete insurtech research, please see the designated analyst workspace on the PitchBook Platform.CONFIDENTIAL. NOT FOR REDISTRIBUTION. PG 3Q1 2025 Insurtech VC TrendsInsurtechlandscapeDistribution & intermediationProperty & casualtyHealth & lifeCommercialAdministration & claimsUnderwritingCONFIDENTIAL. NOT FOR REDISTRIBUTION. PG 5Q1 2025 Insurtech VC TrendsVC activitySource: PitchBook • Geography: Global • As of March 31, 2025Insurtech VC deal activity$1.5$2.3$2.5$7.2$7.3$8.9$16.6$9.4$5.7$5.2$1.826833045755857062586773853646612120152016201720182019202020212022202320242025Deal value ($B)Deal countSource: PitchBook • Geography: Global • As of March 31, 2025Insurtech VC deal activity by quarter050100150200250300$0$1$2$3$4$5Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1202020212022202320242025Deal value ($B)Deal countCONFIDENTIAL. NOT FOR REDISTRIBUTION. PG 6Q1 2025 Insurtech VC TrendsVC ACTIVITYSource: PitchBook • Geography: Global • As of March 31, 2025Insurtech VC exit activity$0.4$0.0$0.6$0.6$3.5$9.7$38.8$2.5$2.6$1.3$3.35517172732563646391420152016201720182019202020212022202320242025Exit value ($B)Exit countSource: PitchBook • Geography: Global • As of March 31, 2025Trailing 12-month (TTM) insurtech VC deal activity by segment$743.4$566.4$1,161.3$1,265.2$840.8$1,237.97953113546154Administration & claimsCommercialDistribution &intermediationHealth & lifeProperty &casualtyUnderwritingDeal value ($M)Deal countSource: PitchBook • Geography: Global • As of March 31, 2025Q1 2025 insurtech VC deal activity by segment$361.2$135.7$125.8$161.0$419.6$632.2281826111618Administration & claimsCommercialDistribution &intermediationHealth & lifeProperty &casualtyUnderwritingDeal value ($M)Deal countSource: PitchBook • Geography: Global • As of March 31, 2025Median insurtech VC deal value ($M) by stage$2.5$3.0$6.6$5.0$10.3$14.5$0$5$10$1520152016201720182019202020212022202320242025Pre-seed/seedEarly-stage VCLate-stage VCCONFIDENTIAL. NOT FOR REDISTRIBUTION. PG 13Q1 2025 Insurtech VC TrendsVC ACTIVITYKey insurtech pre-seed/seed deals in Q1 2025CompanyClose dateSegmentCategoryDeal value ($M)Lead investor(s)9rootMarch 14Administration & claimsClaims & settlement$8.0N/AGraceMarch 3Property & casualtyMicro- & nontraditional pers