The insurtech sector raised $1.9 billion in VC funding during Q3 2020, a 69% increase over Q2 and its biggest quarterly total since Q4 2017. Health and life insurtech companies continued to drive a significant share of deal value, accounting for roughly half of the total invested capital.

Several startups hit unicorn status as the pandemic accelerated a shift to digital insurance sales, according to our Q3 installment of Emerging Tech Research on the insurtech sector.