The Q1 edition of Gallagher Re's Global InsurTech Report is the first of four reports in 2023 to focus on the lifecycle stages of InsurTech funding. (VectorMine/Shutterstock)
New funding for the global InsurTech sector rose to $1.39 billion during the first quarter of 2023, according to the latest Global InsurTech Report from Gallagher Re.
The new figure represents a 37.6% increase over late 2022, when the insurtech sector saw its lowest funding infusion in two years, the global reinsurance broker reports. Property and casualty insurtech funding drove the quarterly investment increase, as it surged by more than 53% to $967.89 million.
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