CB Insights – State of Insurtech, Q2 2025

The main theme of the report is the analysis of the state of the insurtech market in the second quarter of 2025.

Key findings include: Funding for insurtech in the property and casualty (P&C) segment fell to its lowest level in 8 years. The life and health (L&H) segment is seeing an increase in funding, including through large deals. The total insurtech funding amounted to $1.1 billion across 91 deals, which is 21% and 9% lower compared to the previous quarter. The US is seeing an increase in the share of insurtech deals, especially in Silicon Valley and the New York metropolitan area.