FT Partners InsurTech 首席执行官每月市场更新与分析-英

FTPartners

|January

2024Featuring:CEOInterviewCEO

MONTHLYMARKETUPDATE&ANALYSISInsurTechDigital

Insurance

●

Online

Distribution/Platforms

●Carrier,

Broker&Agency

Software

●

Claims

Management●

Billing&Payments

●

Policy

Administration

●

Data

&AnalyticsTheOnlyGlobal

Investment

BankFocusedExclusively

onFinTechSteve

McLaughlin|Founder,CEO,

ManagingPartnerContact:steve.mclaughlin@

|415-385-9318©2024InsurTechMarket

Update

&AnalysisContentsFTPartners

–FocusedExclusivelyonFinTechFTPartners

isThrilled

to

Sponsor

Fintech

Meetup

2024March

3

–6,2024The

Venetian,

LasVegasFintech

Meetup

hasrevolutionized

howthe

FinTech

sectorconnects,collaborates

anddoes

business

together.

Theconferencebrings

together

5,000+

attendees

andfacilitates45,000+

meetings

through

proprietary

event

technology,

inwhatis

thelargest-ever

FinTech

meetings

program.Join

FTPartners

next

Marchand

staytuned

forexclusiveupdates

onthe

conference

and

co-hosted

events.Details

&RegistrationFTPartners

–FocusedExclusivelyonFinTechExclusive

InsurTech

CEO/

Executive

InterviewsAlexThomsonBen

HubbardJenn

KnightWayneSlavinDhirendraMahyavanshiJasonKaminskyGagan

MainiJasonLiuRaunak

MehtaSidJhaJonathan

SpryShannon

GogginFTPartners

–FocusedExclusivelyonFinTechSelected

FTPartners

InsurTech

TransactionsInsuranceDistributionLenders

Protection/Default

InsuranceConsumerProtection

PlansDigital

CommercialRiskExchangeSmallBusinessInsuranceDigital

AutoInsurerModern

InsuranceBrokerageInsuranceComparison

SiteDigital

InsuranceSolutionsSmallBusinessInsuranceSmallBusinessInsuranceLargest

CommercialInsurance

ExchangeLife

InsuranceTelematicsFTPartners

–FocusedExclusivelyonFinTechFTPartners

Advises

Thimble

onits

Sale

to

ArchInsuranceOverview

of

Transaction•••Significance

of

Transaction•FTPartners’

Role••FTPartners

–FocusedExclusivelyonFinTechFTPartners

Advises

Newfront

on

its

$200million

FinancingOverview

of

Transaction•••‒Significance

of

Transaction•••FTPartners’

Role••FTPartners

–FocusedExclusivelyonFinTechFTPartners

Advises

Accelerant

onits

$193

million

FinancingOverview

of

Transaction•••™•Significance

of

Transaction••™FTPartners’

Role••FTPartners

–FocusedExclusivelyonFinTechFTPartners

Advises

Sure

onits

$100million

Series

CFinancingOverview

of

Transaction•••Significance

of

Transaction••FTPartners’

Role••FTPartners

–FocusedExclusivelyonFinTechFTPartners

Advises

Ladder

onits

$100

million

Series

DFinancingOverview

of

Transaction•••−−Significance

of

Transaction••FTPartners’

Role••FTPartners

–FocusedExclusivelyonFinTechFTPartners

Advises

FRISS

on

its

$65million

Series

B

FinancingOverview

of

Transaction•••−−Significance

of

Transaction••FTPartners’

Role••FTPartners

–FocusedExclusivelyonFinTechFTPartners

Advises

Clearcover

onits

$200million

Series

DFinancingTransaction

Overview•••Significance

of

Transaction••FTPartners’

Role••FTPartners

–FocusedExclusivelyonFinTechFTPartners

Advises

The

Zebra

on

its

$150million

Series

DFinancingTransaction

Overview•••••Significance

of

Transaction•FTPartners’

Role••FTPartners

–FocusedExclusivelyonFinTechFTPartners

Advises

Snapsheet

onits

$30million

Series

E2

FinancingTransaction

Overview•••Significance

of

Transaction•••FTPartners’

Role•••FTPartners

–FocusedExclusivelyonFinTechFTPartners

Advises

CoverWallet

onits

Sale

to

AonTransaction

Overview•••••Significance

of

Transaction•••FTPartners’

Role••FTPartners

–FocusedExclusivelyonFinTechFTPartners

Advises

Assurance

onits

Sale

to

Prudential

for$3.5

billionTransaction

Overview••••Significance

of

Transaction••••FTPartners’

Role••I.

Exclusive

CEOInterviewInsurTechMarket

Update

&AnalysisBetterfly

OverviewTools

tobuild

abetter

youand

abetter

world

-all

in

oneplaceBetterflyintegratestheworlds

of

insurance,

wellbeingandpurposeintoapowerful

gamifiedexperienceFounder&CEO:Headquarters:Founded:Eduardo

dellaMaggioraSantiago,

Chile2018PersonalizedProtectionLifeBenefits••Betterfly

offers

apersonalizedgroupprotection

platformwithlife

benefitsand

socialimpact,withamissiontoempowerits

userstolivetheirbestlivesSocialImpactTheplatformutilizesapurpose

drivengamifiedsystemwheregoodhabits

are

convertedintoincreasinginsurance

coverage,rewardsand

charitable

donations

as

every

healthy

activityistransformed

into

financial

protection,

giftcardsand

discounts,and

social

donationsAll-in-one

platformwithinsurance

that

grows,

rewardshealthy

habits

and

lets

userschoose

what

itprotectsTurn

small

actionsintobigimpact.Asusersincreasetheirhealthyhabits,they’ll

accumulate

in-appcurrencytomake

cost-freedonationstoreal-worldsocialcausesUsers

engage

witharange

ofworld-class

benefits,valuablelearning

tools

and

originalcontenttobuildbetterhabitsand

elevatetheireveryday•••Italsoprovides

tools

that

enablecompaniestoeasilymanage

theiremployeeand

clientsbenefits,trackwellness

initiatives,and

give

personalizedsupportincreasingretentionand

loyaltyBetterfly

aims

tohelp

businesses

inall

segmentsactivelyparticipateincorporate

wellness,CSR,employee

benefitsand

clientretentionprogramsNotable

ClientsCurrently

operates

inBrazil,

Colombia,Ecuador,

Spain,

Mexico,Peru,

Argentinaand

Chilewithplansofexpand

tothe

USin2024SelectedFinancing

HistoryAnnounceDateAmount($inmm)Selected

Investor(s)Glade

Brook

Capital

Partners,

QED

Investors,

DST

Global,

Greycroft,

MundiVentures,

10X

Capital,Gaingels,

Tiny(HoldingCompanies),

Calm

Ventures,

GGCapital

(LatinAmerica),

Asiri

S.A.S,LightrockSelectedManagement

Team02/01/22$125DST

Global,

EndeavorCatalyst,

GAA

Investments,

SoftBank

LatinAmerica

Fund,VentureSouq,

QED

Investors,

Valor

Capital

Group06/16/2112/30/206019QED

Investors,

NXTP

Ventures,

Grupo

Prisma,

Endeavor

Catalyst,

Living

Fund,Katapult

Group,

Albatross

CapitalEduardodellaMaggiora

CristobaldellaMaggioraRonny

GonzalezAndres

LibermanFounder

&

CEOCo-Founder

&

PresidentChief

ProductOfficerChief

InformationOfficerSource:

Company

Website,

FT

Partners’

Proprietary

Transaction

DatabaseInsurTechMarket

Update

&AnalysisBetterfly

InterviewEduardo

della

MaggioraFounder

&CEOInsurTechMarket

Update

&AnalysisBetterfly

Interview

(cont.)InsurTechMarket

Update

&AnalysisBetterfly

Interview

(cont.)InsurTechMarket

Update

&AnalysisBetterfly

Interview

(cont.)InsurTechMarket

Update

&AnalysisBetterfly

Interview

(cont.)InsurTechMarket

Update

&AnalysisBetterfly

Interview

(cont.)II.

Public

InsurTechSector

UniverseInsurTechMarket

Update

&AnalysisMedian

Price/

Earnings

Multiples

by

Sector2023E

Price

/Earnings

Multiples2024E

Price

/Earnings

MultiplesInsurTechMarket

Update

&AnalysisMedian

Trading

Multiples

and

Operating

Metrics

bySectorCommon

Stock

Comparison–SummaryAnalysisInsurTechMarket

Update

&Analysis2023Eand

2024EPrice/

Earnings

Multiples

and

YTD

StockPrice

PerformanceInsurTechMarket

Update

&Analysis2023Eand

2024EPrice/

Earnings

Multiples

and

YTD

StockPrice

PerformanceInsurTechMarket

Update

&AnalysisCommonStock

Comparison

–Insurance

IT,

Services

and

BrokerageInsurTechMarket

Update

&AnalysisCommonStock

Comparison

–Insurance

IT,

Services

and

Brokerage

(cont.)InsurTechMarket

Update

&AnalysisCommonStock

Comparison

–Insurance

IT,

Services

and

Brokerage

(cont.)InsurTechMarket

Update

&AnalysisCommonStock

Comparison

–Insurance

IT,

Services

and

Brokerage

(cont.)InsurTechMarket

Update

&AnalysisCommonStock

Comparison

–Traditional

InsuranceInsurTechMarket

Update

&AnalysisCommonStock

Comparison

–Traditional

Insurance

(cont.)InsurTechMarket

Update

&AnalysisCommonStock

Comparison

–Traditional

Insurance

(cont.)InsurTechMarket

Update

&AnalysisCommonStock

Comparison

–Traditional

Insurance

(cont.)InsurTechMarket

Update

&AnalysisCommonStock

Comparison

–Traditional

Insurance

(cont.)III.

U.S.InsurTechIPO

TrackerInsurTechMarket

Update

&AnalysisU.S.

InsurTech

IPO

TrackerAmountRaised($

inmm)CurrentMarketCap($

inmm)IPOPriceCurrentPriceTotalReturnResearchProfileFiling

DateIPODateCompanyVIEWVIEWVIEWVIEWVIEWVIEWVIEWVIEWVIEWVIEWVIEWIV.

MonthlyDealActivity

InsightsFTPartners’

MonthlyDealActivityInsightsInsurTech

Financing

StatisticsMonthly

Financing

Volume

andDeal

CountAverage

DealCountPer

Month:22($inmillions)$2,200$2,000$1,800$1,600$1,400$1,200$1,000$800Dollar

VolumeDeal

Count35333028272726262524232322222121212019141413111110$600$400$750$740$503$681$685$595$470$511$85$107$534$77$200$405$390$295$206$325$205$331$367$358$336$0AnnualFinancing

Volume

andDeal

CountSelectedLargestFinancings

in

2023($inmillions)Dollar

VolumeDeal

CountCompanyAmount

($inmm)DescriptionCountryBermudaSingaporeUSA379$16,000$14,000$12,000$10,000$8,000$6,000$4,000$2,000$0$1,000758LifeReinsurance291233DiversifiedInsurance

&SavingsPlatform208233165170265Small

BusinessInsuranceUnderwriting

/BrokerageSolutions250USA196Insurance

ExchangeSingaporeFTPartners’

MonthlyDealActivityInsightsInsurTech

M&A

StatisticsMonthly

M&A

Volume

andDeal

CountAverage

DealCountPer

Month:10($inmillions)$9,000$8,000$7,000$6,000$5,000$4,000$3,000$2,000$1,000Dollar

VolumeDeal

Count1816121615151313121110$0109998887766654$3,685

$3,808$3,441$660$438$0$444$281$295$110$60$0$100$51$0$0$874$0$3$0$965$4$0$0$0AnnualM&A

Volume

andDeal

CountSelectedM&A

Deals

in2023($inmillions)Dollar

VolumeDeal

CountAmount($

inmm)TargetBuyerTargetCountry$25,000$20,000145$3,4082,6001,5001,000965USAUSAUSAUSAIndia12897$15,0008311672$10,000$5,000$0V.

M&ATransactionsInsurTechMarket

Update

&AnalysisSelected

Large

/Significant

M&A

TransactionsMERGERS

&ACQUISMI

TEIROGNESRS

&ACQUISITIONSAmount($mm)Announced

DateTransaction

OverviewCompanySelectedBuyers/InvestorsResearchProfileVIEWVIEWInsurTechMarket

Update

&AnalysisHighlighted

Recent

M&A

TransactionsMERGERS

&ACQUISITIONSDateAcquirer

/TargetValue

($

mm)Comments•••••••••••NorthAmericanLife&Annuity

Assets••••InsurTechMarket

Update

&AnalysisHighlighted

Recent

M&A

Transactions

(cont.)MERGERS

&ACQUISITIONSDateAcquirer

/TargetValue

($

mm)Comments••••••Poodle

Holdings•••••••InsurTechMarket

Update

&AnalysisSelected

Recent

M&A

TransactionsMERGERS

&ACQUISITIONSAmount($mm)Announced

DateTransaction

OverviewCompanySelectedBuyers/InvestorsInsurTechMarket

Update

&AnalysisSelected

Recent

M&A

Transactions

(cont.)MERGERS

&ACQUISITIONSAmount($mm)Announced

DateTransaction

OverviewCompanySelectedBuyers/InvestorsInsurTechMarket

Update

&AnalysisFinTech

SPAC

Merger

Tracker#ofFinTechSPAC

MergersGlobal

BlockchainAcquisition

Corp.VahannaTechEdgeAcquisition

ICorp.VIEWFinTech

SPACMerger

VolumeGoal

Acquisitions

Corp.SuperApps

HoldingsVIEWInsurTechMarket

Update

&AnalysisFinTech

SPAC

Merger

Tracker

(cont.)#ofFinTechSPAC

MergersVIEWCorp.IIThunder

BridgeCapitalPartners

IVFinTech

SPACMerger

VolumeArisz

Acquisition

Corp.VIEWBlue

SafariGroupAcquisitionVIEWVIEWVIEWVIEWBridgetown

2

HoldingsVI.

FinancingTransactionsInsurTechMarket

Update

&AnalysisSelected

Large

/Significant

Financing

TransactionsFINANCINGSMERGERS

&ACQUISITIONSAmount($mm)Announced

DateTransaction

OverviewCompanySelectedBuyers/InvestorsResearchProfileVIEWVIEWVIEWVIEWVIEWInsurTechMarket

Update

&AnalysisHighlighted

Recent

Financing

TransactionsFINANCINGSDateTarget

/Investor(s)Value

($

mm)Comments••••••••••••••InsurTechMarket

Update

&AnalysisHighlighted

Recent

Financing

Transactions

(cont.)FINANCINGSDateTarget

/Investor(s)Value

($

mm)Comments•••••••••••InsurTechMarket

Update

&AnalysisSelected

Recent

Financing

TransactionsINSURTECHAmount($mm)Announced

DateTransaction

OverviewCompanySelectedBuyers/InvestorsInsurTechMarket

Update

&AnalysisSelected

Recent

Financing

Transactions

(cont.)INSURTECHAmount($mm)Announced

DateTransaction

OverviewCompanySelectedBuyers/InvestorsVII.

Key

UpcomingIndustryConferencesInsurTechMarket

Update

&AnalysisKey

Industry

Conferences

&

EventsDateConferenceLocationWebsiteNAMICCLAIMS

CONFERENCE

2024INSURANCEINNOVATORS

NORDICSINSURTECH

NY

SPRINGCONFERENCE

2024INSURTEK

DUBAI2024InsurTechMarket

Update

&AnalysisUpcoming

Industry

Conferences

&EventsDateConferenceLocationWebsiteJanuaryFebruaryMarchAprilVIII.Overview

ofFTPartnersFTPartners

–FocusedExclusivelyonFinTechSelected

FTPartners’

VIPVideo

ConferencesFinTech

in

IndiaB2B

FinTechStateofFinTech

2023Women

inFinTech

2023DemystifyingFundraising

forWomen

inFinTechFinTech

in

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2022TheState

of

FinTech

Investingin2022Stablecoins:The

Fabric

ofaNew

Global

PaymentsInfrastructureHealthcare

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&Digitization

CreateaMassiveFinTech

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–Redefining

theChallenger

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Research

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inIndiaFinTech

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reportFTPartners

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thereportinclude:•••••Click

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reportFTPartners

–FocusedExclusivelyonFinTechAward-Winning

Investment

Bank

Focused

on

Client

ResultsQED

InvestorsAvidXchangeTruebill“From

the

time

we

began

having

externalconversations

rightup

tothe

moment

wesigned

adefinitive

deal,

FTPartners

wereinvaluable

partners.

They

brought

notonlystrategic

advicebutalso

workedtirelesslyhelping

executeallthewaytoclosing.

Ican’timagine

trying

tonavigate

thisprocesswithout

them.”“We

hired

FTPartners

backin2009,and

our

Boardfeels

thathiring

FTPartners

wasoneofthemoststrategic

decisions

wecould

have

madealong

thisjourney.They

have

been

tremendous

partners

for

us,and

we

are

delighted

withthem

on

every

level.”“Wherever

aboard

or

amanagement

teamhassteered

awayfrom

hiring

FTPartners

italways

seems

toend

up

in

tears.

Here’stoyouandeverything

youdo.”Michael

Praeger,

CEO,

AvidXchangeHaroon

Mokhtarzada,

Co-Founder

and

CEONigelMorris,Managing

PartnerConsistentRecognition

Throughthe

YearsBloombergM&A

Advisor

AwardsSiliconValley’sMostLendItFinTechIndustryTheFinTechFinance

40TheM&A

AtlasAwardsPopularDealmakersAwardsFT

Partners’Steve

McLaughlinwas

featured

onBloombergOver

10

awards

includingTechDeal

oftheYear(2019)

andInvestment

Banking

FirmoftheYear

(2016)Steve

McLaughlin

ranked

#1in2017

and20182020

Large

SPAC

Deal

oftheYearRanked

#2Tech

InvestmentBanker

in2016Top

Investment

BankinFinTechin

2018View

thefull

article

and

watchthelive

TVinterview2020

Corporate

M&ADeal

oftheYearFTPartners

–FocusedExclusivelyonFinTechFTPartners’

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