ProNavigator

Dear LinkedIn friends, It is my pleasure to share with you the third of the 2024 series Gallagher Re InsurTech reports. We continue to focus on Artificial Intelligence (AI), and its role in the (re)insurance industry, with Q3 taking a look at AI's role in central business operations. Included in the report, as always, are InsurTech companies and individuals of relevance to the theme - in this case those companies who are bringing AI in risk to life in our industry, and those experts who have a view on how and what is developing. Some Q3 data highlights; * InsurTech saw USD1.38 billion in global funding during the third quarter of 2024, the highest level since Q1 2023 * Of that USD1.38 billion, 55.5% of global InsurTech funding went to USD100 million+ mega-round deals (5 deals total) * InsurTech saw 77 deals in Q3’24 — a nearly 4-year low * 63.4% of Q3 2024 InsurTech deals went to AI-centered InsurTechs * 54.5% of Q3’24 InsurTech deals went to InsurTechs focusing on central business operations * The majority of tech investments from (re)insurers were mid-stage funding rounds To understand what is driving these numbers and view our insights on AI, please access the complete report. Full report available for download at the bottom of the link https://lnkd.in/epqJ5fkQ This report would not be possible without the following companies and people featured; AKUR8 (Samuel Falmagne, Heide Sacher), Appian (Mike Streb, Andrew Kearns), Centana Growth Partners (Jack Babbush), Cowbell (Jack Kudale, Andrea Collins), Majesco (Denise Garth), Denodo (Nancy Schuetz), ELEMENT Insurance AG (Fabian Fischer, Ana Feijoo), Elixirr (Lara Kottsieper, Steve Steinberg, Ben Gower) Gallagher Re (Gina Butterworth, Paolo Cuomo), Gradient AI (Stan Smith, Alan Sherman), Coherent (Douglas Loots), Insurity, Beazley (James Wright), ProNavigator (Joseph D'Souza), Solstice Innovations (Travis Pine, Jon Umstead), TransRe (James Whitelaw) #InsurTech #Gallagherre

Join us in 2 days for the InsurTech Carolinas Launch! 🚀 Get ready to be inspired by ProNavigator and their innovative solutions. Hear from Joseph D'Souza, CEO, as he shares his vision for the future of insurance. Register now: https://lnkd.in/gEbh97j8 Don't miss this opportunity to network with industry leaders and be part of the InsurTech revolution in the Carolinas. #InsurTechCarolinas #InsuranceInnovation #StartupSpotlight #Networking

Packing this schedule to the fullest ➕ ➕ ➕ Join our Tradeshow Spotlight Stage at IBAOcon for an amazing lineup hosted by The Insurance Podcast Show. October 23 + 24, Toronto. https://bit.ly/4eDjDrZ Allianz Global Assistance Canada Opta FinTech Services ProNavigator CGI QuickFacts RAISE Underwriting Indusflow Systems Koïos Intelligence KYCS Global Inc. Wawanesa Insurance Travelers Canada Intact Definity Economical Insurance FIRST Insurance Funding Total CSR Forward Insurance Managers Ltd. Cemiar Patra Corporation Peter Tessier Curt Wyatt #OntarioBrokers #IBAOcon24 #Insurance #Conference

Get Ready for a Deep Dive into the World of AI in Insurance! At Amplify Broker TechFest, we’re exploring the future of insurance with our executive panel: "AI-Driven Change: The Insurance Evolution," proudly sponsored by Koïos Intelligence and ProNavigator. Featuring AI experts Sherif Gemayel, Mohamed Hanini, Joseph D'Souza and moderated by Wassim Salib This panel will take you beyond the basics and dive deep into: ✅ Where AI is headed and its transformative potential ✅ The opportunities it unlocks for brokers and insurers alike ✅ How AI is reshaping efficiency, operations, and customer experience ✅ The risks and challenges that come with AI adoption Whether you're a broker, agency owner, or tech enthusiast, this is your chance to gain critical insights and prepare for what’s next in insurance. Less than one week away! We have limited tickets still available. Secure your spot now: www.trufla.com/amplify #AI #Amplify2024 #BrokerTech