Are brokers bucking the trend of insurtech investment struggles?

sad-face-graph

According to a new Gallagher Re report, global insurtech investment fell in the fourth quarter of 2022 to its lowest level since the third quarter of 2020. Sophie Locke-Cooper details why some may be struggling even if there are signs of hope among broker insurtechs.

In broker Gallagher Re’s report, it stated that investment declined 57% from the third quarter of 2022. More specifically the UK experienced a deal share decrease from 2.48% to 0.96%.

57%

In broker Gallagher Re's report, it stated that investment declined 57% from the third quarter of 2022

These stark figures could be seen as a sign that the insurtech bubble has burst or is at least deflating. A trend that perhaps could be supported by the news last year that insurtech motor

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Why the future for brokers is data-driven

The latest Insurance Age Pulse survey explores how brokers are using data insight to guide business strategy, and reveals why more now see data as an essential factor for growth. Rachel Gordon reports

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: