InsurTech Impact 25: What our members say
October 10, 2019
Applications for the Oxbow Partners InsurTech Impact 25 2020 are now open. We are looking for 25 emerging technology-led businesses well placed to have an impact on the insurance industry in 2020.
For Membership criteria see our blog posts here.
We believe that our rigorous selection process and balanced analysis of trends makes the InsurTech Impact 25 an authoritative voice in a hyped market. Our recent survey of the first two cohorts of Members suggests that we are building a strong track record of picking winners.
InsurTechs also report benefits from Membership. 82% of our Members reported that the Impact 25 generated inbound enquires from VCs and 45% reported that it helped secure a client or partner.
Our 2018 and 2019 Members are reporting strong growth
Our Members have reported strong year-on-year growth in revenue, headcount and funding.
In terms of revenue, all members are increased revenues with 25% of members reporting growth of above 500%.
Revenue growth, 2018-2019F (%)
While all Members have grown their teams, with 65% of Members increasing their team size by 10 or more employees since joining the Impact 25.
Additional FTEs since Impact 25 inclusion, (FTEs)
There has also been strong funding growth, from additional seed funding to successful Series A and Series B funding secured.
Capital raised since Impact 25 inclusion, (£m)
InsurTechs have found Membership of the Impact 25 helpful
We were pleased to hear that most Members gained significant benefit from inclusion.
Areas in which members found Impact 25 Membership most helpful
Comments from our Members include:
“Being featured in the InsurTech Impact 25 report has built up strong credibility among the insurance community that will pay off long-term” – Laka
“The InsurTech Impact 25 is the most data-driven, analytical award in the InsurTech industry and we are honoured and happy to be included!” – Digital Fineprint
“InsurTech Impact 25 provided us with a platform on which to grow. Not only was the timing ideal, but the accolade also allowed us to connect with future partners and provided a valuable stage to tell our story to the industry. It’s been both a powerful and credible benefit to our business.” – INSHUR
We also recently met a private equity investor who described the report as their “map”. They had met 22 of the 25 companies in the latest report and are actively tracking many of the companies in the hope that these firms will emerge from the ‘alphabet’ rounds and into their target deal size.
Applications for 2020 are now open!
