Global funding rounds 'rain money' as insurance plays catch up

Insurtech Gateway Australia says global investment activity in the first half has seen records broken as funders see attractive insurance opportunities, and has called for more local activity.

“So why is it raining money for insurtech?” Gateway CEO Simon O’Dell says in a July update. “Insurance is one of the most resilient and fundamentally essential industries of our time but it still has a long way to go to catch up to today’s consumer expectations.”