After three years of consistent quarterly funding near $1.1 billion, the insurtech market signals a maturation toward sustainable growth while AI applications reshape underwriting, Gallagher Re reports.
AI-driven innovation and strategic investments fuel the ‘insurtech spring’ as P&C insurtechs lead recovery with $1.13 billion in fresh capital, Gallagher Re reports.
As insurers grapple with severe weather and emerging risks, advanced location intelligence offers solutions for the P&C industry, according to Nearmap.
Insurtech funding increases in Q3 2024, driven by life/health deals, AI-centered investments and a focus on core operations, according to Gallagher Re.
Developing tech solutions looks easy — until you try it. But while time-consuming hurdles are inevitable, it’s possible to avoid the worst of them with the right planning.
Global insurtech funding rebounded in Q2 2024, driven by larger deal sizes despite a decline in overall deal count, according to Gallagher Re’s quarterly analysis.
Despite a drop in overall insurtech funding to $912 million, its lowest since Q1 2020, early-stage funding and AI-centered insurtechs are attracting investment, Gallagher Re observed.
The insurance landscape will continue to evolve as leaders predict we will see a focus on hyper-personalization, embedded insurance, and the humanization of AI.
Wearable ergonomics can reduce workplace injuries and workers’ compensation costs, but coordination and an alignment of incentives are required before they can gain a foothold.
The significance of the partnership between retail insurance and Insurtech for ensuring long-term growth and success in the sector should not be overlooked.
From early-stage adoption and collaborative efforts to innovative use cases, blockchain technology is poised to reshape claims and insurance market dynamics. But where does it stand in terms of returns?
A panel at Insurtech Insights Europe in London focused on the topic of “Build or Buy — How to Engage With Insurtechs,” producing valuable advice for both insurers and Insurtechs.