12 Top Funding Rounds Driving Insurtech Innovation in 2024

Wisedocs. Raised: US$9.5 Million in Series A Funding . Lead investors: Information Venture Partners CEO: Connor Atchison. Insurtech Wisedocs raised an impressive $9.5 million in its Series A Funding Round recently, in an oversubscribed round led by Information Venture …

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12 Top Funding Rounds Driving Insurtech Innovation In 2024

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Global InsurTech Report Q3 2024 | GallagherRe - Ajg.com

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Nov 7, 2024 · Of that USD1.38 billion, 55.5% of global InsurTech funding went to USD100 million+ mega-round deals InsurTech saw 77 deals in Q3’24 — a nearly 4-year low Extremely …

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Q2 2024 Gallagher Re Global InsurTech Report Highlights Trends

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Aug 5, 2024 · Life and Health (L&H) InsurTech funding reached US$420.16m in the second quarter of 2024, the highest since the first quarter of 2023. The average L&H InsurTech deal …

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Insurtech Funding Surges To $1.38B In Q3 2024 - Risk & Insurance

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Nov 11, 2024 · In the third quarter of 2024, the majority of their tech investments were directed towards mid-stage funding rounds. This trend, observed for the first time since Q3 2021, saw …

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Global Insurtech Funding Stabilizes And Is Expected To Reach $4.2 ...

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Nov 5, 2024 · Late-stage startups (those seeking funding rounds of over $100 million) are experiencing the greatest decline, with a drop of nearly 90% compared to their 2021 peak. …

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Top 10 Insurtech Fundraises To Date | InsurTech Digital

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Nov 2, 2023 · We’ve focused only on named venture funding rounds from Series A through to Series J, and only counted those from pure-play insurtechs. So, let’s take a look at the 10 biggest fundraises in the history of the insurtech sector. 10. Various. US$250m. There are four separate insurtech fundraises which have raised US$250m for their respective ...

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Funding Round-up: Are These 15 Companies ... - Insurtech Insights

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Empathy, an insurtech revolutionising the approach to grief and loss, announced the successful closure of a US$47 million Series B funding round in April 2024. , The new funding will allow …

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US And French Companies Occupied The Top 10 InsurTech Deals …

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4 days ago · In Q3 2024, the global InsurTech sector recorded 53 deals, reflecting a 49% decline from the 104 deals in Q3 2023, but remaining steady compared to the 52 funding rounds …

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Insurtech Funding: The State Of Insurtech In 2024 - Tenity

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Aug 22, 2023 · The state of insurtech and insurtech funding. Like many other sectors, insurtech saw a decrease in venture capital investment in 2022. The sector peaked at $4.8 billion in Q2 …

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Global Insurtech Funding In 2024 On Track To Reach $4.2 Billion

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Nov 5, 2024 · In the first nine months, global insurtech investment already amounted to $3.2 billion, with the fourth quarter expected to see mostly Series B and C funding rounds for …

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Insurance Tech Funding Streak Continues | BCG - Boston …

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Jun 8, 2022 · In 2021, seed funding accounted for approximately $572 million in insurtech funding—up about 100% year-on-year. Notable rounds include a $22 million round in Israel …

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FAQs about 12 Top Funding Rounds Driving Insurtech Innovation in 2024 Coupon?

How much money did insurtech 50 winners raise in 2024?

One winner more than tripled its headcount over the period: Sixfold (+267% YoY). The median 2024 Insurtech 50 winner has raised $0.6M in equity funding per employee. Altana AI and Next Insurance lead among the winners, each having raised $1.6M in equity funding per employee. ...

Will insurtech deal size increase in 2024?

Despite growth in broader venture funding in Q1’24, insurtech funding declined 18% quarter-over-quarter (QoQ) to hit its lowest level in years ($0.9B). Even so, median insurtech deal size is up in 2024 so far — signaling that investors are still willing to make notable bets where they see opportunities. ...

How much insurtech funding did the UK get?

The UK received about $1 billion in insurtech funding, including $350 million in Series D for Bought By Many, $150 million in Series C for usage-based commercial auto insurer Zego, and $130 million in Series B for global specialty cyber reinsurance MGA Envelope Risk. ...

What's going on with insurtech investment in Q2 2024?

The report begins by noting a resurgence in InsurTech investment, with global funding reaching US$1.27bn in Q2 2024, marking the highest level since Q1 2023. This uptick is driven by a notable increase in early-stage investments, which rose to US$377.60m, the highest since Q1 2023. ...

How much money did insurtech startups raise in Q1'24?

Europe-based insurtech startups raised 28 deals in Q1’24, up from 24 in Q4’23. Funding also more than tripled QoQ, rising to $284M in Q1’24. The region saw the 2 largest insurtech deals in Q1’24: Hyperexponential’s Series B round and embedded insurer ELEMENT’s $54M Series C round. ...

How did re-insurer Tech invest in 2024?

The second quarter of 2024 saw 33 tech investments from (re)insurers, with 54.6% directed towards US-based companies. The average deal size among (re)insurer tech investments was US$23.95m, 29.7% greater than the average across all of InsurTech. AI-centred InsurTechs raised US$445.81m across a third of the second quarter of 2024 deals. ...