While insurtech startups may now struggle to find funding, late-stage technology funding remains strong, Gallagher Re reports. (Credit: Denys Rudyi/Adobe Stock)
The global insurtech market remains robust — particularly for late-stage startups — despite a marked decrease in funding, Gallagher Re reports in its Global InsurTech Report for Q4 2023 produced with CB Insights.
"If we take a step back and consider where we were even as recently as five years ago, the increased adoption, use, improvement and general view of technology today is actually quite astounding," Andrew Johnson, global head of Gallagher Re InsurTech, writes in the report's introduction.
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