InsurTech Industry Achieves Funding Milestone
The InsurTech industry has achieved a notable milestone by securing over $60 billion in funding since 2012, according to Gallagher Re’s latest Global InsurTech Report. Despite this success, investment in artificial intelligence (AI) remains significantly higher, emphasizing its strategic importance.
AI's Transformative Impact and Industry Skepticism
Andrew Johnston, Gallagher Re’s global head of InsurTech, highlighted in the report that AI is transforming the insurance landscape rapidly. He cautioned that while some reinsurance sectors remain skeptical about AI's potential, ignoring this technology could be a missed opportunity, as it is considered a once-in-a-generation advancement.
Focus on Profitability and Industry Maturity
The report notes that ongoing skepticism among InsurTech startups has driven a focus on profitability and sustainability, resulting in higher-quality businesses attracting traditional venture capital. This trend has contributed to the industry's growth and maturity.
Investment Trends and AI Dominance
In the second quarter of 2025, investments in InsurTech surpa...