“Inactive” in review

• Coverager Data tracks ~175 inactive startups and initiatives
• Close to 61% of these startups are intermediaries, followed by 30% of enablers (aka technology providers)
• 9% of these programs are by insurers (see table below)

Inactive Insurer-Programs

• Milewise (the UBI program) is live but its website is down

• In addition, the following three inactive companies received investments from insurers:
  1. Valoo – from MACIF, Matmut and MAIF Avenir
  2. Gasolead – from AXA
  3. Apliant – from MassMutual Ventures (according to its founder, Apliant was acquired by an agency which uses its technology)
• 88% of these initiatives haven’t announced funding or haven’t raised funding at all; see Flypper as an example:

• 14% of these initiatives have picked up funding
• The average total investment of what are now inactive startups is $1.5M 

Inactive, Funded Initiatives

Only displaying startups with over $100K in total investments

• 71% of initiatives operated strictly in the P&C space
• 14% of initiatives operated strictly in the L&H space
• 8% of initiatives operated strictly in the healthcare space

• In 2019, companies such as byteRyde, PolicyCastle, Umanlife, Fuse Assurance, and 51 People Commitment have been marked as “inactive”
• Also, brands such as Salt, Nippu (a product by LähiTapiola) and  mumstruly (dot) com have also been marked as “inactive”
• Finally, not every farewell is as clear cut as the ones made by Swell or Qwill (btw, not an insurance startup) as sometimes inactive simply means inactive. For example, Mira Financial and Livelihood Life are inactive as there isn’t a call-to-action button