--- title: P/C Q1 insurtech funding hits highest level since 2022 description: "\"Discover the latest trends in insurtech funding with a surge of $1.13 billion in Q1 2023, signaling a positive shift in the industry and potential for growth and innovation. Read more here on BusinessInsurance.com.\"" image: https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg --- 1 min read # P/C Q1 insurtech funding hits highest level since 2022 [![Picture of Insurance Nerds Editorial Team](https://insnerds.com/hubfs/insurance_nerds_logo.png) Insurance Nerds Editorial Team ](https://insnerds.com/news/author/insurance-nerds-editorial-team) : May 7, 2025 3:00:54 PM ![P/C Q1 insurtech funding hits highest level since 2022](https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg) ### Q1 2023 Sees Surge in Insurtech Funding Property and casualty (P/C) insurtech companies raised $1.13 billion in funding during the first quarter of 2023, marking a significant uptick compared to previous quarters. This figure is the highest amount seen since the third quarter of 2022, as reported by Gallagher Re. ### Key Takeaways - **Funding Growth:** The first quarter’s total indicates renewed investor interest in insurtech, reversing a trend of declining investment seen late in 2022. - **Market Trends:** This increase suggests a stabilizing market in the insurtech sector and may reflect growing confidence in innovative insurance solutions and technologies. ### Impact on the Industry The boost in funding is likely to benefit both new and existing players in the insurtech space. With more capital at their disposal, these companies can enhance technology offerings, expand operations, and improve customer experience. This trend could encourage further advancements in product development and service delivery across the industry. ### Conclusion The latest report from Gallagher Re highlights a positive shift in the insurtech landscape, suggesting that the sector may be on a path of recovery and growth as it adapts to ongoing market demands. Original Source: [https://www.businessinsurance.com/quarterly-insurtech-funding-hits-highest-level-since-2022-gallagher-re/](https://www.businessinsurance.com/quarterly-insurtech-funding-hits-highest-level-since-2022-gallagher-re/) - [Tweet](https://twitter.com/share) [![Hippo's Q1 combined ratio improves 60 points to 99.5%](https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg) ](https://insnerds.com/news/hippos-q1-combined-ratio-improves-60-points-to-99.5) #### [Hippo's Q1 combined ratio improves 60 points to 99.5%](https://insnerds.com/news/hippos-q1-combined-ratio-improves-60-points-to-99.5) ![Picture of Insurance Nerds Editorial Team](https://insnerds.com/hs-fs/hubfs/insurance_nerds_logo.png?width=30&name=insurance_nerds_logo.png) [Insurance Nerds Editorial Team](https://insnerds.com/news/author/insurance-nerds-editorial-team) : Apr 30, 2026 12:44:10 PM Hippo Holdings Reports Improved Q1 Combined Ratio Homeowners insurtech company Hippo Holdings has reported a significant improvement in its financial... 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[Read More](https://insnerds.com/news/small-businesses-are-underinsured-hiscox) ![](https://px.ads.linkedin.com/collect/?pid=7110236&fmt=gif) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Insurance Nerds Editorial Team", "url" : "https://insnerds.com/news/author/insurance-nerds-editorial-team" }, "datePublished" : "2025-05-07T19:00:54.000Z", "headline" : "P/C Q1 insurtech funding hits highest level since 2022", "image" : [ "https://insnerds.com/hubfs/News%20Feed%20Featured%20Image.jpg" ], "mainEntityOfPage" : { "@id" : "https://insnerds.com/news/p-c-q1-insurtech-funding-hits-highest-level-since-2022", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://insnerds.com/hubfs/InsNerds%20Large%20print%20quality.png" }, "name" : "Insurance Nerds" } } ```