Worsening inflation and market turmoil have compounded insurers’ struggles with high commoditization and competition. Insurtechs have seen their valuations dwindle and are now faced with sparser and costlier funding that could break them.
Key Question: What do short- and long-term challenges and opportunities mean for insurance providers?
KEY STAT: In Q1 2022, insurtech funding fell 58% quarter over quarter to $2.2 billion, the worst level since Q2 2020.
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