Global InsurTech Report on AI in Insurance

This report is a technical report that examines the role of artificial intelligence (AI) within the four largest insurance business lines, specifically focusing on auto or motor insurance for the first quarter of 2025. It outlines the collaboration between Gallagher Re, Gallagher, and CB Insights in producing this report. The document details the trends in InsurTech funding during 2024, highlighting a split in the year characterized by stability in the first half and volatility in the second half. It presents funding statistics, noting that early-stage investments remained popular despite fluctuations in mega-round deals. The report also discusses significant acquisitions in the InsurTech space and the growing interest in AI solutions tailored to insurance. It emphasizes the evolving landscape of InsurTech and the increasing commitment from (re)insurers to invest in technology that enhances business operations. The report concludes with observations on the future of InsurTech, particularly in relation to sustainability and AI liability products.