Kayna and AEGIS London feature on Gallagher Re Global InsurTech Report Q2 2024

KaynaAdmin
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August 7, 2024
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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!

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