Q2 InsurTech funding drops 34% to below $1bn, ~1,000 firms no longer trading
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Q2 InsurTech funding drops 34% to below $1bn, ~1,000 firms no longer trading

Marcel Le Gouais
August 03, 2023
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Gallagher Re's latest Global InsurTech report has shown that Q2 funding dropped below $1bn to the lowest quarterly level for three years and that just under 1,000 InsurTechs have stopped trading since the boom years leading up to 2021.

Despite (re)insurers stepping up their investment activity, new funding for the global InsurTech sector slipped to $916.7mn during Q2, a fall of 34% from the $1.39bn

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Topics

Operations/techM&ANewsAJ GallagherInsurTech
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Marcel Le Gouais
Deputy Editor
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