In Q2 2024, the US InsurTech sector saw a decline in both deal activity and funding. Only 21 deals were recorded in Q2 2024, marking a 53% decrease compared to the 45 funding rounds during the same period last year. The funding also dropped with InsurTech companies raising just $237m in Q2 2024, a 67% decline from the $714m raised in Q2 2023.