Despite the UK’s success here, however, the US insurtech market was way out in front, having completed 80 deals and raising $1.9bn (£1.5m) of capital. In terms of transaction volume amount, fintech and insurtech investment firm Anthemis Group participated in the largest number of mid-size deals in the 12 months preceding the report. The report added that global insurtech funding increased by 19.8% quarter-on-quarter, surpassing $1bn (£0.81bn) in Q3, up from $916.71m (£746.8m) in Q2. Johnston noted “an uptick in deal count,” although big ticket deals had reduced significantly. Generative AILastly, in terms of technology trends, Johnston said generative artificial intelligence (AI) had remained a hot topic.

Source: The Times November 14, 2023 12:42 UTC