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Global InsurTech funding in Q1 2024 decreased by 17.3% to $912.3 million, with a notable rise in the number of deals to 107. The average deal size dipped below $10 million for the first time since Q3 2017. Early-stage funding saw a significant 26.5% increase quarter on quarter, while (re)insurers invested in 37 private technology InsurTechs.
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How might the shift towards early-stage InsurTech funding impact the development of innovative solutions in the insurance industry?
In what ways could the emphasis on AI-centered InsurTechs reshape the traditional insurance landscape and customer experience?
What factors could have contributed to the decline in Property & Casualty InsurTech funding despite the overall increase in deal count?
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