1、October 2024InsurTechMarket UpdateExecutive Summary:InsurTech Market Update(October 2024)Houlihan Lokey has remained highly active in the insurtech sector in the past 12 months with multiple closed/announced M&A advisory engagements and well as platform-building strategic moves:Advised Keylane Group

2、 and its owner,Waterland Private Equity,on the sale of its P&C and L&P businesses to Pollen Street Capital.The combined deal marked the largest insurance software majority buyout transaction YTD globally and is expected to close in Q4 2024 following regulatory approval.Advised Doma on its take-priva

3、te merger with Title Resources Group,backed by Centerbridge.The deal combined Doma and TRG to create the fifth largest independent title insurance underwriter in U.S.while separately capitalizing Domas technology assets.Advised several tech-enabled insurance distributors(Atec,North,and GGW Group)on

4、sellside engagements in Europe,adding to our teams tremendous track record advising leading insurance distributors.Announced the pending acquisition of Chicago-based boutique investment bank Waller Helms Advisors,enhancing Houlihan Lokeys coverage capabilities in the insurance sector,among others(pr

5、ess release).Hired Andrew Atherton,who brings extensive expertise advising FinTech and enterprise software companies,including recent sellside advisory to insurance software businesses Ventiv Technology and Hearsay Systems(press release).2 The insurtech ecosystem continues to deliver significant inn

6、ovation throughout the value chain across carriers,distributors,and enterprises.Key developments in GenAI,data and analytics,and emerging digital and software-led capabilities are driving the next wave of insurance optimization as the landscape accelerates digitization efforts.Among a backdrop of re