PriyaPatel
TLDR
- Global insurtech funding rose 39% year-over-year in the second quarter to $1.27 billion
- Average deal size doubled to $18.46 million
The second quarter saw a significant increase in global insurtech funding, reaching $1.27 billion. This marked a 39% rise from the previous year. The average deal size also doubled, highlighting the growing interest in the sector. The United States remained the top destination for insurtech investment, with business-to-business transactions receiving a large portion of funding.
Key Elements
Global insurtech funding saw a sharp increase of 39% in the second quarter, reaching $1.27 billion. The average deal size doubled to $18.46 million, showcasing the growing interest in the sector. The United States remained the leading destination for insurtech investments, with traditional commercial insurance industry players becoming more involved in funding. The artificial intelligence-centered insurtech sector attracted a large portion of the total funding, receiving $445.81 million in investments.
