The Global InsurTech Report for Q4 2025 concludes a year-long series examining the four major classes of business that dominate global gross written premium insurance sales. This final edition centers on Life, Accident and Health insurance and highlights the growing role of artificial intelligence across the segment.
The report reviews how AI continues to shape the LAH market. It outlines collaborations between InsurTech firms and incumbent carriers to enhance product development. In addition, it examines companies that offer standalone AI-driven solutions within the LAH space.
At the same time, the report provides a broader view of InsurTech market performance for both the fourth quarter and full year 2025. According to the findings, global InsurTech funding reached $1.68 billion in Q4 2025. This brought total funding to $5.08 billion for the year, a 19.5% increase from $4.25 billion in 2024. The increase marks the first annual rise in InsurTech funding since 2021.
Quarter-over-quarter growth accelerated in the final months of the year. Global funding surged 66.8% from $1.01 billion in Q3 2025 to $1.68 billion in Q4 2025. Property and Casualty led the quarterly gains, with funding rising 90.5% to $1.31 billion. Meanwhile, Life and Health funding increased 14.9% to $361.52 million during the same period.
AI-centered companies accounted for a significant share of activity. In Q4 2025, 77.9% of global InsurTech funding went to companies focused on artificial intelligence. The report emphasizes AI’s growing integration across both collaborative and independent InsurTech models, particularly in the LAH segment.
The data also show renewed activity among early-stage and first-time fundraisers. More than 100 InsurTechs raised funding for the first time since Q1 2024. Overall deal count increased 34.2% quarter over quarter to 102 transactions in Q4 2025. In addition, average deal size rose 20.0% to $18.84 million.
On a full-year basis, Property and Casualty InsurTech funding rebounded from 2024 levels, climbing 34.9% year over year to $3.49 billion in 2025. Furthermore, 2025 recorded 162 venture investments in technology among reinsurance and insurance companies, representing a record high.
The report’s Q4 findings highlight increased funding activity, strong AI concentration, and renewed venture investment across the global InsurTech landscape, with particular attention to developments in Life, Accident and Health insurance.
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