The German Insurtech scene continues to be dynamic and shows prospects of success for start-ups. In the third issue of "InsurTech-Radar 2019", Oliver Wyman and Policen Direkt analyse 134 InsurTechs on the German market.
In our current "InsurTech-Radar 2019" we examine the trends and changes in the InsurTech industry and shed light on what developments have taken place since our last radar in 2017, explore the market potential and the chances of success for start-up companies and make forecasts for the future of InsurTech.
Two of the five largest InsurTech funding rounds in Q1 2019 have been in Germany. And Lemonade just entered the European market … in Germany. The flip side is that the number of InsurTechs is stagnating – for each new startup, there has been roughly one leaving the market. What is happening? In the third issue of "InsurTech-Radar", Oliver Wyman and Policen Direkt analyse the 134 InsurTechs on the German market. Next to the overall dynamic there are significant shifts in the business models of the active InsurTechs, scale-ups which established a meaningful market presence, zombies and spots with ample new opportunities. Are we on the way to the first German unicorn?
We are observing that the start-up boom is levelling off and market exits are increasing - the InsurTech market is maturing.
Source: Oliver Wyman and Policen Direkt analysis
Source: Oliver Wyman and Policen Direkt analysis
