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stacked coins with arrow point up In Q2 2022, there were 92 deals involving P&C insurtechs, down from Q1, but total investments increased 5.9% to reach $1.49 billion, according to Gallagher Re. On the life and health side, investments were up 12.4%, totaling $918 million. (Credit: Billion Photos/Shutterstock)

During the most recently closed quarter, the global insurtech sector saw investments rise 8.3% compared with the prior quarter, according to Gallagher Re, which reported second quarter investments totaled $2.41 billion.

Despite the quarter-on-quarter growth, insurtech investments in 2022 are 50.2% below the total seen in the same period year prior, which was a record-breaking quarter, Gallagher Re reported.

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