Gallagher ReGlobalFEBRUARY2026InsurTech ReportThe role of Al in the four laraestinsurance business linesQ4-Life Accident and Health Insurance
This report is a collaborationbetween Gallagher Re,Gallagher and CB Insights,
ContentsINSIDETHISEDITION.2630.IntroductionInsurTechInsurTechQ4InsurTechinvestmentTeamCornerCaseStudiesdatahighlightsandFreddieScarrattforewordGallagherRe。AmplifPeak3Dr.AndrewJohnstonOwl.coGallagherReTheRoleofAlinDealsofThought LeadershipLifeandHealththeQuarterRyanJessellIn-ForceManagementAngleHealthHealthPlanOneAtidotDistrictCoverThe DataProtectionGapinAfricaCenterWithEmbedded Insurance,Jeremy Leach, Inclusivity Solutions,
IntroductionQ4InsurTechinvestmentdata highlichts and foreword
IntroductionDR.ANDREWJOHNSTONGlobal Head of Insurlech, Gallagher Re GlobalInsurlech ReportEdito Al has transformed the current period into a'golden age of technologyNever before have we observed such rapid investment and delivery ofan innovation -one that is not onlv deliverina a cuttina-edae series ocomputinq tools. but also transformationall improving existing technologyas well. It is estimated that in 2025 biq tech firms invested over USD1 trillionindata centers and other infrastructure, with the express focus of supportingAl. There seems to be no lack of optimism in the power of Al.2025 was the most significant year for Atrtificial IntelligenceOur industry s no dfrent. We have inve sted billinsint Alvet-notiustinour industry,but across the planet. Wessw an ,through a combination of homearown endeavors and proiectspartnerships with Al companies, and investments into AlAltols (DeensSeek,ChatGPT, Genini, etc), while company companiesthemselves (sormesel-ientifyingas Insurfechs; valuatons of A firmshit unprecedented highs. There vwere someThis revolution provokes both optimism and concem. There isastronomical capital rises, such as when OpenAlatractedthe fearof being leftbehind (and becoming obsolete), but alsoUSD40B inAonl2025 ata USD300B valuation.But perhapsmosctementthat Almight deliverthe sortsofreturns and gains importantl,there can now be few corporate management teamsthat we have anticipated from nsurfehfor the pas 5 yerswhosestrateaiasdonotfeatureAlinsomeformasaninvestmenor apath to growth.
IntroductionThe hype and anticipation around Al has also driven spectaculaAnswering the'so what?'question for Aligains on th fnancial markets, argely rven by 0o sofrmsI fe es lke weare at asila point with Arical neligencethat are pioneers of the latest and greatest Al offeringsTherearepromisesofsystematichangestohow we work how we Data comoanies, chip providers, data storage,inteligent serdinteract withechothe, and how mu.ch more ficenteverypracticaland diaital distribution firms have coalesced to create theendeavor will ecome. Ultimately, this is the intellectual justificationoundations of a whole new Al industry. Nevertheless, we shouldlars being invested.The companies claiming toc about the potential pitfalls. The incredibly high bespernheading these"inei...
