Library: Oliver Wyman – The Future of Insurtech in DACH

Executive summary:

Oliver Wyman has launched the fourth edition of its InsurTech Radar for DACH, or the German-speaking region in Europe, making up Germany (D), Austria (A) and Switzerland (CH).

DACH insurtech sector is growing

This time, a much closer look has been taken at the development of insurtechs in Austria and Switzerland as well as Germany and it is clear a lively scene has emerged within the region.

Healthy growth

The report identified 149 active insurtech start-ups in Germany, 16 in Austria, and 44 in Switzerland. There are considerable differences in terms of start-up dynamics and the distribution of different insurtech business models across the radar segments between the countries.

It also conducted a survey among insurtech founders regarding the impact of the COVID-19 crisis. It clearly shows, that the majority of insurtech start-ups has weathered the pandemic well — in most cases emerging stronger than before.

Funding has also grown

The funding environment is also better than ever before. German start-ups are now raising hundreds of millions of Euros in capital. The mega financing round completed by WeFox has shown that nowadays everything seems possible. Therefore, it comes as no surprise that we see more and more success stories with an international focus.

So far there have been only been a few smaller exits, but it will only be a matter of time until the second unicorn emerges. As in previous years, the report is also based on a host of discussions with founders, investors and insurers. Their insights have been included in the findings.

See what’s on the insurtech radar for DACH

The report was possible with the help of the House of Insurtech Switzerland for its collaboration, as well as Financial Technology Partners (FT Partners) for the data provided on insurtech financing.

The report offers an unbiased, systematic and thorough view of the developments within the insurtech scene in the German-speaking region and offers insights into what is going to happen next.

See the full report for more…

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