Insurtech funding slips below $1bn for first time in three years

money

On a quarterly basis funding for insurtechs appears “quite volatile” but trends developing are in line with longer-term sustainability, a Gallagher Re report says.

Gallagher Re’s latest Global InsurTech Report has revealed new funding for the global insurtech sector has fallen to $916.71m (£724.03m) during the second quarter of 2023, down 34% from $1.39bn (£1

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Labour promises to rip up red tape for insurers

Tulip Siddiq, shadow economic secretary to HM Treasury, has promised if the Labour party gets into power she will make sure regulation encourages growth and competitiveness in the insurance industry.

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