Q3 insurtech investments reach $1.38b, highest since 2023

63.4% of Q3 2024 deals are directed at AI-centered insurtechs.

The global insurtech industry in the third quarter (Q3 2024) saw $1.38b in global funding, the highest since Q1 2023, according to Gallagher Re’s latest insight.

Over half (55.5% of the funding went to +$100m mega-round deals. The period also saw 77 deals, nearly a four-year low.

The focus on artificial intelligence remains strong, with 63.4% of Q3 2024 deals directed at AI-centered insurtechs.

Additionally, 54.5% of deals targeted companies that specialise in central business operations, underscoring a priority within the industry to improve operational efficiency.

Most tech investments from (re)insurers in Q3 2024 were directed at mid-stage funding rounds, aligning with the focus on scaling proven technologies.

Follow the link s for more news on

Gallagher Re

Global Insurtech Funding

Insurtech

Also Read

Climate change alters insurer risk management: S&P

Hanwha Life acquires 75% stake in US firm Velocity Clearing

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit