At a time when some would rather be out of the business under the onslaught of Medicare for All proponent, venture funding for insurance and insurtech companies hit all-time highs in 2018. In 2014, funding was roughly $800 million. In 2018, funding was up to $2.5 billion. The leaders on the health insurance front are Oscar and Bright Health.
The “insurtech” play, while not related to health insurance, is also interesting and worth noting. Wefox Group is in the digital insurance market, Root Insurance will have auto insurance rates based on driver testing and Metromile will charge premiums based on miles driven.