AI insurtechs dominate Q3 funding
Artificial intelligence-centred insurtechs dominated funding in the third quarter of 2024, securing $897.4m (£691.2m) across 29 deals, according to Gallagher Re.
Gallagher Re’s latest insurtech report found that eight of the top ten companies by funding round were AI-centred, resulting in an average deal size of $34.9m (£26.9m) for AI-focused insurtech deals.
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