DACH Insurtech Industry Has Grown 45% Over the Past Year

In Germany, Austria, Switzerland and Liechtenstein, also referred to as the DACH region, the insurtech space is growing at a promising pace. Over the past year, the sector has increased by 45%, rising from 141 players in March 2021 to now 202, data from the Insurtech Map show.

All major segments including marketing and distribution, infrastructure and claims and customer service, grew in size. Marketing and distribution, the region’s most crowded insurtech category, increased 54.9% to 79 companies, up from 51 in 2021; infrastructure, the second largest, grew to 64 companies, up 36% from 47 in 2021; and claims and customer service, the third biggest, rose 44% to 39 companies, up from 27 in 2021.

Interestingly, the past year saw the emergence of a new category: asset management. The segment currently comprises three companies: SynoFin, a risk management provider based in Luxembourg; Ryskex, a German company providing a blockchain-based ecosystem for alternative risk transfers and insurance solutions; and Balance Re, a provider of reinsurance solutions to life insurance companies based in Germany.

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