InsurTech funding up 37% in Q1 despite slump in ‘mega deals’: Gallagher Re
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InsurTech funding up 37% in Q1 despite slump in ‘mega deals’: Gallagher Re

Aisling Finn
04 May 2023
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Gallagher Re logo fundraise.jpg

Global InsurTech investment in Q1 grew by 37.6% compared with Q4 to $1.39bn, according to Gallagher Re’s quarterly report, as a surge of funding in InsurTechs operating in the P&C space buoyed overall investment levels.

The reinsurance broker’s latest Global InsurTech Report found that P&C InsurTech funding increased by 53.6% to $967.9mn in Q1 compared with the previous quarter, a marked difference from the quarterly 64.4%

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