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The insurance industry has generally been a laggard when it comes to digital transformation. Yet a new class of venture-backed insurtech startups is beginning to disrupt incumbents

Venture capital funding for generative AI startups is on track to exceed 2023’s record-breaking levels. In the first three quarters of 2024, GenAI startups raised over $20 bn

Venture capital funding in insurtech startups is showing signs of stabilization, with a projected total of $4.2 bn by the end of 2024

The most capital was allocated to seed and Series A rounds, at $977mn and $1.32bn respectively. 72 deals were listed as “unknown,” which likely includes debt financing

Blockchain uses a shared and immutable ledger that can only be accessed by members with permission. Network members control what information each organization or member may see, and what actions each can take

The goal of blockchain is to allow digital information to be recorded and distributed, but not edited. In this way, a blockchain is the foundation for immutable ledgers

Blockchain is a decentralized data ledger shared securely among selected participants. It allows multiple parties to share, collect, and integrate transactional data through cloud-based services

Blockchains are typically managed by a peer-to-peer network for use as a publicly distributed ledger, where nodes collectively adhere to a protocol to communicate and validate new blocks