Technology continues to be a primary growth driver in insurance dealmaking worldwide. Notable deals completed in 2020 include investments into US-based startup Openly, Belgium’s Keypoint, and yallacompare in the United Arab Emirates.

Last year also saw Lemonade – a mobile-based insurance start-up that utilizes artificial intelligence (AI) and machine learning to deliver insurance policies and handle claims – snag 2020’s strongest initial public offering (IPO) debut of a US company, achieving a more than 140% gain.