Insurers do not invest alone

The previous graph represents the average number of companions that an insurer share investment with in terms of percentage of operations where they participated with that amount of companions.

Only 45 out of 406 operations are carried out by the Insurance company by itself. Instead, the majority of operations are made by seven or more companies and what has been more common between 2020 and 2021 is for insurers to invest accompanied by three more companies, among which can be: (a) other insurers, (b) Venture Capitals or (c) Tech Giants. ​

Because of the intense participation of VCs in Insurtech space (and startups more broadly) the most repeated combination is Insurers with VCs.