InsurTech Digital Magazine January 2025 | Page 84
MONTH IN
NUMB
InsurTech funding reached
$ 1.38bn
Global insurtech investment hit its highest level since Q1 2023 , with AI-focused companies leading the surge in funding across the sector .
AI ventures secured
Life & health insurtech funding up
$ 897.4m 56.4 %
Eight of the top 10 largest funding rounds went to AIcentered companies , with an average deal size of $ 34.9m for AI-focused ventures .
Significant quarteron-quarter growth in life and health technology sector , while P & C funding decreased 15.4 % to $ 722.16m .
84 January 2025