NTT DATA
Insurtechs in Europe
concentration in 2021 . Yet with fewer operations , the European continent has raised $ 1.2B in only three deals ( such as Alan , Wefox and ManyPets - formerly Bought by Many ), among which is the largest investment round in the year . This sets an indubitable turning point , in stark contrast to previous years ’ leadership from North America .
The growth of Venture Capital activity in Europe has grown more than three times , which has helped drive new models and attract investment from the insurance industry and Technology Giants in this region , hitherto neglected by the United States . The United Kingdom , Germany and France are the countries with the highest representation , although countries such as Israel , Spain , Switzerland , Denmark and Sweden are also gaining prominence .