ICMIF Supporting Member Gallagher Re has published its Global InsurTech Report for Q2 2022. The report follows on this year’s theme of ‘Geographic Trends and Regional Idiosyncrasies’, with a specific look at the EMEA region through an InsurTech lens. In addition to profiling various InsurTech businesses, clients and individuals, this report provides the readership with the most current InsurTech investment data and view on the general market.
The key findings of the report are:
- InsurTech is showing signs of a small recovery, with Q2 funding up 8% on the prior quarter as total disclosed global InsurTech funding for the quarter reached an impressive USD 2.41 billion.
- Average deal size increased for the quarter by 18.3% — USD 22.11 million in Q2 compared to USD 18.72 million in Q1.
- The increase in average deal size is however overshadowed by a 7.7% decrease in total Q2 InsurTech deals. Q2 saw 132 InsurTech deals, compared to 143 InsurTech deals in Q1.
- Total disclosed funding for L&H InsurTech reached USD 918M in Q2. This reflects a 12.4% increase in funding from the prior quarter, as well as an increase in deals. There were 40 deals for L&H InsurTech in Q2 compared to 37 in Q1.
- USD 948 million was raised in six Q2 mega-rounds, including four based in the US
Overall, the increase in Gallagher Re’s funding from Q1 shows great promise for regrowth after the 43% decrease from 2021 Q4. Read Gallagher Re’s Q1 report to find out more.
