Bucking COVID-19, big insurers invest more in insurtech than ever

Insurtech funding rose 52% from the second to third quarter, according to CB Insights’ State of Fintech Q3 2020 report.

Funding reached $2.56 billion in Q3, up from $1.7 billion in Q2 and $978 million in Q1. In the third quarter of 2019, funding was just under $2 billion.