Home

Instant Insights / P&C insurance outlook for 2023

Review what 2023 might have in store for the property & casualty insurance space with a suite of articles detailing expert opinions on topics ranging from insurance claims and insurtech to line-specific outlooks.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Many insurtech startups will recalibrate their strategy in 2023 to fit changing macroeconomic environment and funding cycles. (eamesBot/Shutterstock) Many insurtech startups will recalibrate their strategy in 2023 to fit changing macroeconomic environment and funding cycles. (eamesBot/Shutterstock)

The global insurtech market was valued at $3.85 billion in 2021, according to Grand View Research, and is expected to double in the next decade. Despite this anticipated growth, the industry is set for meaningful turmoil and consolidation in the year ahead.

A recent report by CB Insights highlighted muted funding trends experienced by insurtechs throughout 2022. In Q3, funding dropped to its lowest level since Q2 2022, and deal sizes were down by about a third.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.