FinTech news in insurance tech category

The insurtech market has been through a rough time this past year, so we reached out to eight active investors in the space to get a read on what been cooking as the markets aggressively recalibrated what an insurtech startup is worth. When insurtech company Metromile went public via a special purpose acquisition company (SPAC) in February last year, it was valued at over $1 billion. The bulk of the buyers, however, would likely be companies involved in insurance themselves — either insurtech companies acquiring some of their peers or legacy players. As the markets turned early this year, insurtech left most generalist investors’ playbooks almost as fast as Metromile and its peers’ plummeting valuations.