Yesterday we announced our content partnership with Venture Scanner. Today we use their data in our InsurTech post.

We looked at 14 categories within InsurTech to see where the funding is going (numbers are in $ millions).

Category	Total Ventures	Funded Ventures	Total $	% Funded	Average $
Health & Travel	321	67	9260	21%	138
Life, Home, P&C	112	26	6870	23%	264
Auto	64	33	6610	52%	200
Data/Intelligence	105	55	2810	52%	51
Employee Benefits	110	30	1200	27%	40
Comparison	105	73	1200	70%	16
Infrastructure & Backend	245	80	1040	33%	13
Commercial	126	20	840	16%	42
Reinsurance	31	5	759	16%	152
Product	29	10	443	34%	44
Consumer Insurance	82	29	385	35%	13
User Acquisition	86	27	342	31%	13
P2P	31	7	86	23%	12
Education/Resources	35	4	53	11%	13
TOTAL	1482	466	31898	31%	68

Takeaways:

1. Comparison sites look the most fully invested. 70% of comparison site ventures got funded. Our analysis here.
2. Despite all the hype, very little money has gone into P2P (and out of that $86m, $60m is to Lemonade which no longer positions as P2P).
3. Only 16% of ventures in Commercial and in Reinsurance get funded. I believe that is because these are functionally complex (and so the supply of ventures is limited and investors lack the knowledge to evaluate them fully).

This data comes from Venture Scanner. You can get the full FinTech Market Report and data at Venture Scanner.

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Bernard Lunn is a Fintech thought-leader and deal-maker. 

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