Kayna and AEGIS London feature on Gallagher Re Global InsurTech Report Q2 2024
Spotlight on InsurTech companies, interview thought leaders and the latest InsurTech investment data.
Excited to see Kayna’s work with AEGIS London and OPAL Underwriting featured as a Case study on the prestigious Gallagher Re Global InsurTech Report Q2 2024.
🔥 FREE download here: https://www.ajg.com/gallagherre/news-and-insights/2024/august/global-insurtech-report-q2-2024/ p.56-59.
Thanks to Andrew Johnston and the team at GallagherRe for the recognition. 👏 🚀
The case study centres on how our combined solution is deployed to offer property insurance to loan applicants on US-based Commercial Lending platforms. Our work helps the vertical SaaS platforms to:
✅ Offer mandatory Property Insurance cover options;
✅ Close more loans faster;
✅ Generate additional revenue through fees;
✅ Access AEGIS market-leading insurance, available across all 50 States, to loan applicants during the loan process.Key findings for Q2:
- The tide has turned and global InsurTech numbers have climbed back up. For Q2 2024, funding rose to USD1.27B, the highest level since Q1’23
- Early-stage InsurTech funding increased to USD377.60M, the highest level since Q1’23.
- The average deal size rose to USD18.46M, the highest level since Q3’22
- Interestingly, overall InsurTech deal count saw 82 deals in Q2’24, the lowest quarterly count since Q2’20
- A third of Q2’24 InsurTech deals went to AI-centered InsurTechs and 40% of Q2’24 deals went to risk-focused InsurTechs
- The overall increases are attributable to a near doubling of average deal sizes
If you would like to learn more about how Kayna enables embedded insurance distribution across vertical SaaS platforms, let’s talk!
