The report attributes some of the drop in activity to "a diminishing appetite in some regions for insurtech businesses," however, interest from private equity firms looking to invest in insurtechs varies by country. Photo: Maks_Lab / Adobe Stock
The international insurance industry saw a marked drop in the number of mergers and acquisitions (M&A) throughout the first half of 2023, according to Clyde & Co's Insurance Growth Report mid-year update. The first half of 2022 saw 242 completed deals, but that number dropped 29% to 171 for the same period in 2023.
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Patricia L. Harman
Patricia L. Harman is the editor-in-chief of Claims magazine, a contributing editor to PropertyCasualty360.com, and chairs the annual America's Claims Event (ACE), which focuses on providing claims professionals with cutting-edge education and networking opportunities. She covers auto, property & casualty, workers' compensation, fraud, risk and cybersecurity, and is a frequent speaker at insurance industry events. Contact her at [email protected]
