ProNavigator reposted this
We're excited to be included in the Gallagher Re Insurtech Q3 Report! A big thank you to the Gallagher Re team. Thanks to our amazing customers, partners, and the ProNavigator team who are driving innovation and advancing our industry together!
Dear LinkedIn friends, It is my pleasure to share with you the third of the 2024 series Gallagher Re InsurTech reports. We continue to focus on Artificial Intelligence (AI), and its role in the (re)insurance industry, with Q3 taking a look at AI's role in central business operations. Included in the report, as always, are InsurTech companies and individuals of relevance to the theme - in this case those companies who are bringing AI in risk to life in our industry, and those experts who have a view on how and what is developing. Some Q3 data highlights; * InsurTech saw USD1.38 billion in global funding during the third quarter of 2024, the highest level since Q1 2023 * Of that USD1.38 billion, 55.5% of global InsurTech funding went to USD100 million+ mega-round deals (5 deals total) * InsurTech saw 77 deals in Q3’24 — a nearly 4-year low * 63.4% of Q3 2024 InsurTech deals went to AI-centered InsurTechs * 54.5% of Q3’24 InsurTech deals went to InsurTechs focusing on central business operations * The majority of tech investments from (re)insurers were mid-stage funding rounds To understand what is driving these numbers and view our insights on AI, please access the complete report. Full report available for download at the bottom of the link https://lnkd.in/epqJ5fkQ This report would not be possible without the following companies and people featured; AKUR8 (Samuel Falmagne, Heide Sacher), Appian (Mike Streb, Andrew Kearns), Centana Growth Partners (Jack Babbush), Cowbell (Jack Kudale, Andrea Collins), Majesco (Denise Garth), Denodo (Nancy Schuetz), ELEMENT Insurance AG (Fabian Fischer, Ana Feijoo), Elixirr (Lara Kottsieper, Steve Steinberg, Ben Gower) Gallagher Re (Gina Butterworth, Paolo Cuomo), Gradient AI (Stan Smith, Alan Sherman), Coherent (Douglas Loots), Insurity, Beazley (James Wright), ProNavigator (Joseph D'Souza), Solstice Innovations (Travis Pine, Jon Umstead), TransRe (James Whitelaw) #InsurTech #Gallagherre