The insurtech industry, despite facing a slew of challenges in recent years, has shown significant signs of recovery and growth in the second quarter of 2024. This resurgence is marked by a notable uptick in global investments and a cautiously optimistic outlook for the future. Gallagher Re’s
The first half of 2024 saw a dramatic shift in the UK's InsurTech market, marked by a notable decline in investments. This trend comes amid a backdrop of economic uncertainty, driving more cautious investor behavior. Despite the overall downturn, pockets of growth still exist, as exemplified by key
The insurance industry is undergoing a remarkable transformation, driven by rapidly changing consumer preferences and technological innovations. Traditional notions of choosing the cheapest policy are being replaced by a growing demand for advanced technological enhancements that offer efficiency
Visa has entered into advanced discussions to acquire the British financial fraud prevention firm Featurespace for a reported £700 million, marking a significant step in Visa's persistent efforts to improve its arsenal of fraud detection technologies. Established in 2008 and based in Cambridge,
In 2023, the Southeast Asia (SEA) insurtech sector experienced an astonishing boom in deal value, soaring to $2.35 billion. This surge is remarkable, especially when juxtaposed with the deal value in 2022, which was significantly lower at $538 million. These figures have materialized despite a drop
The first half of 2024 has been daunting for the US InsurTech sector, starkly contrasting with its previously rapid growth. A significant dip in both funding and deal activities marks this downturn. How are industry players navigating these choppy waters, and can innovation and regional strengths
