AI start-ups capture record 95.2% of insurtech funding

AI Start-ups Dominate Insurtech Funding Landscape

In a significant trend within the insurance technology sector, AI-focused start-ups have emerged as the predominant recipients of insurtech funding. During the most recent quarter, these companies captured a record 95.2% of the total insurtech funding available. Additionally, each of the ten largest funding deals in the quarter went to AI-focused firms, underscoring a strong investor preference for artificial intelligence technologies in the insurance space.

Original Source: https://www.insurancebusinessmag.com/reinsurance/news/breaking-news/ai-startups-capture-record-95-2-of-insurtech-funding--gallagher-re-574376.aspx