Global InsurTech funding fell to a seven-year low in 2024, declining 5.6% year-over-year from $4.51 billion in 2023 to $4.25 billion in 2024, according to a recent Gallagher Re report. This data is from Gallagher Re’s Global InsurTech Report, the fourth and final instalment in its 2024 series on AI’s role in the re/insurance value chain.