{"id":20988,"date":"2023-11-15T19:19:42","date_gmt":"2023-11-15T19:19:42","guid":{"rendered":"https:\/\/www.insurance-canada.ca\/?p=78871"},"modified":"2023-11-15T19:19:42","modified_gmt":"2023-11-15T19:19:42","slug":"global-insurtech-investment-surpasses-1-billion-in-q3-gallagher-re","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2023\/11\/15\/global-insurtech-investment-surpasses-1-billion-in-q3-gallagher-re\/","title":{"rendered":"Global InsurTech investment surpasses $1 billion in Q3: Gallagher Re"},"content":{"rendered":"<h3>Gallagher Re Global InsurTech Report for Q3 2023<\/h3>\n<p><em><strong>In this report, we review global InsurTech funding and investment quarter over quarter. We continue our focus for the 2023 series on the lifecycle of InsurTech funding, with this Q3 report spotlighting mid-stage expansion funding into InsurTechs.<\/strong> <\/em><\/p>\n<p>Rolling Meadows, IL (Nov. 2, 2023) \u2013 Gallagher Re is pleased to announce the release of its <em>Q3 2023 Global InsurTech Report<\/em>.<\/p>\n<p>Moving through this crucial inflection point of global InsurTech, from phase one the \u2018great experiment\u2019, into phase two sustainable, profitable business outcomes, we now see in the third quarter of 2023 some thought-provoking examples of what this change looks like, for both InsurTechs and investors.<\/p>\n<h3>Key Findings for Q3 2023<\/h3>\n<ul class=\"ajg-smallorange-bulletlist\">\n<li>Global InsurTech funding increased 19.8% quarter on quarter, from $916.71 million in Q2\u201923 to $1.098 billion in Q3\u201923.<\/li>\n<li>Early-stage InsurTech funding increased 24.7% quarter on quarter, from $216.05 million to $269.45 million.<\/li>\n<li>Q3\u201923 saw average InsurTech deal sizes dip to a six-year low.<\/li>\n<li>Deal share for US-based InsurTechs at the highest level since Q1\u201920.<\/li>\n<li>15.1% of all Q3\u201923 InsurTech deals were in the mid-stage expansion category, which is less than long-term InsurTech trends.<\/li>\n<li>The majority of tech investments from (re)insurers were early stage for the fifth consecutive quarter.<\/li>\n<\/ul>\n<p>Access the full report <a href=\"https:\/\/www.ajg.com\/gallagherre\/news-and-insights\/2023\/november\/2023-q3-global-insurtech-report\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><strong>here<\/strong><\/a>.<\/p>\n<h4 class=\"smallhead\"><b>About Arthur J. Gallagher &amp; Co.<\/b><\/h4>\n<p class=\"normal\">Arthur J. Gallagher &amp; Co. <em>(NYSE: AJG)<\/em>, a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. The company has operations in 68 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants. For more information, visit <a href=\"https:\/\/www.ajg.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">www.ajg.com<\/a>.<\/p>\n<p class=\"referencetext\"><i>SOURCE: Arthur J. Gallagher &amp; Co.<\/i><\/p>\n<p> Tags: <a href=\"https:\/\/www.insurance-canada.ca\/tag\/arthur-j-gallagher\/\" rel=\"tag\">Arthur J. Gallagher<\/a>, <a href=\"https:\/\/www.insurance-canada.ca\/tag\/insurtech\/\" rel=\"tag\">InsurTech<\/a>, <a href=\"https:\/\/www.insurance-canada.ca\/tag\/technology-investment\/\" rel=\"tag\">technology investment<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gallagher Re Global InsurTech Report for Q3 2023 In this report, we review global InsurTech funding and investment quarter over quarter. We continue our focus for the 2023 series on the lifecycle of InsurTech&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/20988"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=20988"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/20988\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=20988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=20988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=20988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}