UK InsurTech Market Recorded Zero Deals Over US$100m In The First Half Of 2024
In a dramatic shift for the UK InsurTech market, H1 2024 saw no deals surpassing the US$100m mark, a stark contrast to the previous periods. In H1 2023, the market recorded US$959m across 19 deals, with US$769m coming from deals over US$100m. Similarly, H2 2023 saw US$778m across 16 deals, with US$673m attributed to transactions exceeding US$100m. However, in H1 2024, the total deal value plummeted to US$142m across 13 deals, all under the US$100m threshold. The average deal value in H1 2024 was approximately US$10.9m, a significant decrease from...