Insurtech funding takes off.
Every now and then one should break the rules,
especially when we need to celebrate success.
That’s why I decided to put a photograph of people on our cover, only for the second time in our 34 year history. Since I was a child I have been fascinated by innovation, invention, science and science fiction. There is something special about imagining what could be. Staring into the blue sky and creating exciting possibilities. Most of the time it is just that, building castles in the sky, but sometimes those castles become reality.
In the insurtech space we have seen a proliferation of exciting technology startups growing into fully-fledged global players, like Genasys Technologies, who recently attracted funding of
approximately R274m for expansion.
We have also seen several amazing insurtech startups receiving big funding, for example like Naked (R165m), Pineapple (R80m), Click2Sure (unknown US funding), Ctrl (R34,5m) and a huge number of others. You also have businesses like Inclusivity Solutions who are successfully braving the continent outside of South Africa.
Local insurers and international reinsurers are
all putting their money where their mouths are, increasing international investor interests. You can also join us at Insurtech2022, where we will unpack all the latest tech developments. Exciting times!
TONY: EDITOR IN CHIEF