Weekly News Update – 3rd May

Gallagher Re’s quarterly insurtech report reveals that funding fell to the lowest amount since Q1 2020 but that deal count climbed to 107. In other news, global cyber premiums are set to double by 2030 according to QCC. On a more personal front, OneAdvent is proud to announce that three of our employees have been nominated for the Women in Insurance Awards!

FCA proposal draws strong opposition from IUA (Source: Insurance Business Magazine)
The International Underwriting Association of London has announced its objection to the regulator’s proposal to “announce regulatory investigations prior to reaching decisions”.

QCC report forecasts doubling of global cyber insurance market by 2030 (Source: Reinsurance News)
Data and analytics firm QCC, reports that global cyber insurance premiums grew to $14.4 billion in 2023 and expects this to double in the next 6 years.

Global InsurTech Report for Q1 2024 (Source: Gallagher Re)
Key findings in the latest report show that global insurtech funding dipped below $1B and that 28% of Q1 deals went to ‘AI-centred insurtechs’.

OneAdvent celebrates employee nominations for the Women in Insurance Awards (Source: OneAdvent)
OneAdvent announces that three of their team have been recognised for their contributions to the insurance industry.

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