The 2024 Global InsurTech report series explores the impact of Artificial Intelligence (AI) on our industry, dissecting AI's functions and processes within the (re)insurance value chain.
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This third report in the series will focus on ‘central business operations’ which includes back-office process functionality, tax processing, policy administration and other operational processes.

As per previous reports, we also spotlight key InsurTech companies, engage with industry thought leaders, and provide detailed insights into the latest InsurTech investment trends.

Key Findings for Q3

  • InsurTech saw USD1.38 billion in global funding during the third quarter of 2024, the highest level since Q1 2023
  • Of that USD1.38 billion, 55.5% of global InsurTech funding went to USD100 million+ mega-round deals
  • InsurTech saw 77 deals in Q3’24 — a nearly 4-year low
  • Extremely pertinent to this year’s theme of artificial intelligence, 63.4% of Q3 2024 InsurTech deals went to AI-centered InsurTechs
  • 54.5% of Q3’24 InsurTech deals went to InsurTechs focusing on central business operations
  • The majority of tech investments from (re)insurers were mid-stage funding rounds
View Report
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