Q2, 22 Insurtech funding update

The latest findings on #insurtech investment activity from Gallagher Re:

> 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 $2.41 billion.

> Average deal size increased for the quarter by 18.3% — $22.11 million in Q2 compared to $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 $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.

> $948 million was raised in six Q2 mega-rounds, including four based in the U.S.