The 2022 Insurtech 50 cohort has raised over $11B from approximately 400 disclosed investors, across 215 equity deals, since 2017 (as of 6/10/22). In 2021 alone, companies from this cohort raised over $5.5B across 55 deals.
“The companies in our inaugural Insurtech 50 have built and harnessed new technologies to improve all aspects of the insurance value chain, from customer acquisition to underwriting and claims for a variety of different insurance products,” said Brian Lee, SVP of CB Insights’ Intelligence Unit. “Together they are accelerating innovation across an industry that directly impacts human health and well-being.”
“We are very excited to be named to CB Insights’ inaugural Insurtech 50,” said Neil Pearson, chief strategy officer at Arturo. “We are always listening to our customers and the industry, and the team is energized to tackle the challenges in insurance, from a creating more thorough and efficient inspection process at quote or renewals to streamlining a quicker and easier claims process. We consider it a point of pride that with Arturo, you don’t need a computer science degree to leverage the business value of AI; you just need the right partner to get the edge and move the needle towards making property insurance seamless, fast and accurate.”
Using the CB Insights platform, the research team picked these 50 private market vendors from a pool of over 2,000 companies, including applicants and nominees. They were chosen based on factors including R&D activity, proprietary Mosaic scores, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty. The research team also reviewed hundreds of Analyst Briefings submitted by applicants.
Previously, Arturo was also named to the CB Insights Fintech 250 list, and they were recently named to Inc. Magazine’s 2021 Best in Business in Insurance list. In 2022, Arturo announced the launch of their Portfolio Engine, paving the way forward for a truly robust risk management solution that can help carriers segment, monitor, manage and respond to risk at the property and portfolio-level across the policy lifecycle.
For those wanting to learn more about the Insurtech 50 and the selection process, please register for the webinar, Behind the Scenes of the Insurtech 50, on June 15, 2022 at 2:00 pm EST.
2022 Insurtech 50 Investment Highlights:
- Global representation: This year’s winners represent ten different countries across the globe. Thirty-one of the selected companies are headquartered in the US. The United Kingdom came in second with five winners, followed closely by France with four winners and India with three. Other countries home to a winner/winners on this year’s list include Germany, the Netherlands, Switzerland, Singapore, Chile, and Australia.
- Early-stage Innovation: Fourteen of the winners are Series A or Series B companies with promising product ideas, from accelerating claims management to creating parametric insurance for climate change-related perils.
- Unicorns: This year’s list includes twenty unicorns with a $1B+ valuation.
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Arturo combines AI and machine learning models with property images to help businesses decide with intelligence from the property to portfolio level. Across the insurance, lending, securities and real estate markets, Arturo empowers customers with on-demand, accurate property characteristics and predictive analysis to tackle the biggest property challenges with efficiency, accuracy and confidence. Discover more at arturo.ai.