FT Partners Research |February 2022INSURTECH ALMANAC2021 ANNUAL FT PARTNERS RESEARCH2021 INSURTECH ALMANAC2021 INSURTECH ALMANACUnparalleled FinTech Domain ExpertiseProprietary FinTech Database•Data Insights•FinTech Deal Statistics•Investment Trends•Industry Research•Public ComparablesFT Partners’ Proprietary Data and Research41,000+ FinTech Companies21,000+ Financings14,500+ M&A Deals15,500+ PE / VC Firms FT PARTNERS RESEARCH2021 INSURTECH ALMANAC2021 INSURTECH ALMANACooFT Partners’ Datao Executive SummaryFT Partners InsurTech Almanac FT PARTNERS RESEARCH2021 INSURTECH ALMANAC2021 INSURTECH ALMANACExecutive SummaryLargest and most active year ever for private company InsurTech funding$27.4 billionin M&A volume157transactionsApproximately& Record high M&A deal count total dollar volume2021 InsurTech Statistics430 transactionsApproximately& $13.7 billionin financing volumeFINANCINGM&A FT PARTNERS RESEARCH2021 INSURTECH ALMANAC2021 INSURTECH ALMANACExecutive Summaryooooooooo InsurTech FinancingsFT Partners InsurTech Almanac FT PARTNERS RESEARCH2021 INSURTECH ALMANAC2021 INSURTECH ALMANACInsurTech Financing Activity: Annually03060901201501802102402703003303603904204504805105405706006306606907207507808108408709009309609901020105010801110114011701200123012601290132013501380141014401470150015301560159016201650168017101740177018001830186018901920195019802010204020702100213021602190222022502280231023402370240024302460249025202550258026102640267027002730276027902820285028802910294029703000303030603090312031503180321032403270330033303360339034203450348035103540357036003630366036903720375037803810384038703900393039603990402040504080411041404170420042304260429043204350438044104440447045004530456045904620465046804710474047704800483048604890492049504980501050405070510051305160519052205250528053105340537054005430546054905520555055805610564056705700573057605790582058505880591059405970600060306060609061206150618062106240627063006330636063906420645064806510654065706600663066606690672067506780681068406870690069306960699070207050708071107140717072007230726072907320735073807410744074707500753075607590762076507680771077407770780078307860789079207950798080108040807081008130816081908220825082808310834083708400843084608490852085508580861086408670870087308760879088208850888089108940897090009030906090909120915091809210924092709300933093609390942094509480951095409570960096309660969097209750978098109840987099009930996099901002010050100801011010140101701020010230102601029010320103501038010410104401047010500105301056010590106201065010680107101074010770108001083010860108901092010950109801101011040110701110011130111601119011220112501128011310113401137011400114301146011490115201155011580116101164011670117001173011760117901182011850118801191011940119701200012030120601209012120121501218012210122401227012300123301236012390124201245012480125101254012570126001263012660126901272012750127801281012840128701290012930129601299013020130501308013110131401317013200132301326013290133201335013380134101344013470135001353013560135901362013650136801371013740137701380013830138601389013920139501398014010140401407014100141301416014190142201425014280143101434014370144001443014460144901452014550145801461014640146701470014730147601479014820148501488014910149401497015000 FT PARTNERS RESEARCH2021 INSURTECH ALMANAC2021 INSURTECH ALMANACInsurTech Financing Activity: Quarterly (20) - 20 40 60 80 100 120 - 12 24 36 48 60 72 84 96 108 120 132 144 156 168 180 192 204 216 228 240 252 264 276 288 300 312 324 336 348 360 372 384 396 408 420 432 444 456 468 480 492 504 516 528 540 552 564 576 588 600 612 624 636 648 660 672 684 696 708 720 732 744 756 768 780 792 804 816 828 840 852 864 876 888 900 912 924 936 948 960 972 984 996 1,008 1,020 1,032 1,044 1,056 1,068 1,080 1,092 1,104 1,116 1,128 1,140 1,152 1,164 1,176 1,188 1,200 1,212 1,224 1,236 1,248 1,260 1,272 1,284 1,296 1,308 1,320 1,332 1,344 1,356 1,368 1,380 1,392 1,404 1,416 1,428 1,440 1,452 1,464 1,476 1,488 1,500 1,512 1,524 1,536 1,548 1,560 1,572 1,584 1,596 1,608 1,620 1,632 1,644 1,656 1,668 1,680 1,692 1,704 1,716 1,728 1,740 1,752 1,764 1,776 1,788 1,800 1,812 1,824 1,836 1,848 1,860 1,872 1,884 1,896 1,908 1,920 1,932 1,944 1,956 1,968 1,980 1,992 2,004 2,016 2,028 2,040 2,052 2,064 2,076 2,088 2,100 2,112 2,124 2,136 2,148 2,160 2,172 2,184 2,196 2,208 2,220 2,232 2,244 2,256 2,268 2,280 2,292 2,304 2,316 2,328 2,340 2,352 2,364 2,376 2,388 2,400 2,412 2,424 2,436 2,448 2,460 2,472 2,484 2,496 2,508 2,520 2,532 2,544 2,556 2,568 2,580 2,592 2,604 2,616 2,628 2,640 2,652 2,664 2,676 2,688 2,700 2,712 2,724 2,736 2,748 2,760 2,772 2,784 2,796 2,808 2,820 2,832 2,844 2,856 2,868 2,880 2,892 2,904 2,916 2,928 2,940 2,952 2,964 2,976 2,988 3,000 3,012 3,024 3,036 3,048 3,060 3,072 3,084 3,096 3,108 3,120 3,132 3,144 3,156 3,168 3,180 3,192 3,204 3,216 3,228 3,240 3,252 3,264 3,276 3,288 3,300 3,312 3,324 3,336 3,348 3,360 3,372 3,384 3,396 3,408 3,420 3,432 3,444 3,456 3,468 3,480 3,492 3,504 3,516 3,528 3,5