Insurtech investment drops by half in Q2-report
Thursday, August 4, 2022
LONDON (Reuters) - Global investment in insurance technology firms totalled $2.41 billion in the second quarter, down 50% from a year earlier, as investors grew nervous about frothy valuations, broker Gallagher Re said in a report on Thursday.
Insurtech firms make up around 10% of the fintech sector and have seen several successful fundraisings in recent years. German digital insurance startup Wefox last month said it had raised $400 million from investors, valuing the business at $4.5 billion..
But some firms have found it tough to compete with established players and have suffered from the broad sell-off in tech stocks.
U.S. general insurer Lemonade's shares have more than halved since it went public two years ago.
One issue is that blockchain - a database shared across computers in which records are difficult to change - feted a few years ago as a way for insurers to cut costs and become more efficient, had not lived up to its expectations.
"Blockchain is a binary decision - it's wonderful for things like accounting," said Andrew Johnston, global head of insurtech at Gallagher Re, adding that in contrast:
"Insurance is highly negotiated, highly flexible and ongoing. Blockchain also happens to be extremely expensive.”
The drop in valuations could lead to insurtech M&A deals or disposals which were "unlikely" six months ago, Johnston said.
However, insurtech investment picked up slightly from the first quarter, gaining 8%, the report showed.
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16-08-2022 19:21:34 (UTC+7)
EUR/USD
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EUR/USD
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GBP/USD
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USD/JPY
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AUD/USD
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USD/CAD
1.2904
0.0001 (0.00%)
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EUR/JPY
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EUR/CHF
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Gold Futures
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Crude Oil WTI Futures
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Brent Oil Futures
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Natural Gas Futures
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US Coffee C Futures
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Euro Stoxx 50
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S&P 500
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DAX
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FTSE 100
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Hang Seng
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US Small Cap 2000
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IBEX 35
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BASF SE NA O.N.
44.420
+0.360 (+0.82%)
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Bayer AG NA
54.19
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Allianz SE VNA O.N.
179.75
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Adidas AG
170.93
-2.01 (-1.16%)
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Deutsche Lufthansa AG
6.742
+0.008 (+0.12%)
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Siemens AG Class N
111.30
-0.90 (-0.80%)
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Deutsche Bank AG
9.015
+0.073 (+0.82%)
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| EUR/USD | 1.0138 | ↑ Buy | |||
| GBP/USD | 1.2045 | ↑ Buy | |||
| USD/JPY | 134.32 | ↑ Sell | |||
| AUD/USD | 0.7008 | ↑ Buy | |||
| USD/CAD | 1.2904 | ↑ Sell | |||
| EUR/JPY | 136.17 | ↑ Buy | |||
| EUR/CHF | 0.9626 | ↑ Sell |
| Gold | 1,792.45 | ↑ Buy | |||
| Silver | 20.073 | Neutral | |||
| Copper | 3.6197 | ↑ Sell | |||
| Crude Oil WTI | 90.34 | Neutral | |||
| Brent Oil | 95.75 | Buy | |||
| Natural Gas | 9.056 | Neutral | |||
| US Coffee C | 223.13 | ↑ Sell |
| Euro Stoxx 50 | 3,800.45 | ↑ Sell | |||
| S&P 500 | 4,297.14 | Neutral | |||
| DAX | 13,875.31 | ↑ Sell | |||
| FTSE 100 | 7,555.75 | ↑ Buy | |||
| Hang Seng | 19,830.52 | ↑ Buy | |||
| Small Cap 2000 | 2,020.40 | ↑ Buy | |||
| IBEX 35 | 8,500.16 | Neutral |
| BASF | 44.420 | ↑ Buy | |||
| Bayer | 54.19 | ↑ Sell | |||
| Allianz | 179.75 | ↑ Sell | |||
| Adidas | 170.93 | Neutral | |||
| Lufthansa | 6.742 | ↑ Sell | |||
| Siemens AG | 111.30 | ↑ Sell | |||
| Deutsche Bank AG | 9.015 | ↑ Buy |
| Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
|---|---|
| SJC Eximbank | 6,580 / 6,680 (-10  / -10) # 1,639 |
| SJC HCM | 6,600/ 6,700 (-10 / -10) # 1,659 |
| SJC Hanoi | 6,600/ 6,702 (-10 / -10) # 1,661 |
| SJC Danang | 6,600/ 6,702 (-10 / -10) # 1,661 |
| SJC Nhatrang | 6,600/ 6,702 (-10 / -10) # 1,661 |
| SJC Cantho | 6,600/ 6,702 (-10 / -10) # 1,661 |
| Cập nhật 16-08-2022 19:21:36 | |
| Xem lịch sử giá vàng SJC: nhấn đây! | |
| ↀ Giá vàng thế giới | ||
|---|---|---|
| $1,778.38 | -0.1 | -0.01% |
| ʘ Giá bán lẻ xăng dầu | ||
|---|---|---|
| Sản phẩm | Vùng 1 | Vùng 2 |
| RON 95-V | 25.340 | 25.840 |
| RON 95-III | 24.660 | 25.150 |
| E5 RON 92-II | 23.720 | 24.190 |
| DO 0.05S | 22.900 | 23.350 |
| DO 0,001S-V | 24.880 | 25.370 |
| Dầu hỏa 2-K | 23.320 | 23.780 |
| ↂ Giá dầu thô thế giới | |||
|---|---|---|---|
| WTI | $89.83 | -2.03 | -2.32% |
| Brent | $95.26 | -2.29 | -2.47% |
| $ Tỷ giá Vietcombank | ||
|---|---|---|
| Ngoại tệ | Mua vào | Bán ra |
| USD | 23.230,00 | 23.540,00 |
| EUR | 23.145,55 | 24.441,71 |
| GBP | 27.456,84 | 28.627,78 |
| JPY | 171,08 | 181,12 |
| KRW | 15,43 | 18,80 |
| Cập nhật lúc 18:54:08 16/08/2022 Xem bảng tỷ giá hối đoái | ||
