Mergers and acquisitions activity in the insurance sector was strong in 2020 despite COVID-19 and is expected to remain robust in 2021 as rising commercial insurance rates bolster earnings, making insurers attractive targets, and “deployable capital” remains abundant, analysts and others say.
Insurance technology investments have also grown, providing another avenue to enter the sector. In addition, special purpose acquisition companies, the use of which has boomed in many sectors over the past year, are being used in the insurance sector as a means of potentially taking companies public.
