Global insurtech funding fell 44.6% from the second quarter to $1.36bn in the third quarter of 2026, according to Gallagher Re's Global InsurTech Report, published on 5 November. The total was still 34.9% higher than a year earlier and about 5% above the quarterly average of $1.28bn since 2023, Business Insurance reported.
Most of the fall came from very large deals. Rounds above $100m raised $660m, against $1.67bn in the second quarter. The number of deals hardly moved: 104 against 107. Of these, 73 were in property and casualty and 31 in life and health. Early-stage funding rose 20.1% to $317.3m, according to Reinsurance News.
Companies that Gallagher Re classifies as AI-focused took 83.2% of all funding, or $1.13bn across 72 deals. US-based firms accounted for a record 64.4% of deals, followed by the UK at 7% and India at 6%. Re/insurers made 25 technology investments in the quarter, which Gallagher Re says is still well below the level of a year earlier.
Andrew Johnston, Gallagher Re's global head of insurtech, said the second quarter had been lifted by an unusual concentration of mega-rounds, so a slowdown in the third quarter was always possible. The report also looks at how AI could change credit, trade finance and financial protection insurance.
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Business Insurance ↗News publisher · 5 Nov 2026
This is an original brief based on the linked publication. Company statements and forecasts are attributed to their source.
