Onsurity, an Insurtech Firm, Obtains $24 Million in Funding Sponsored by IFC

Onsurity, an insurance technology business, has secured $24 million in Series B investment backed by the World Bank’s International Finance Corporation.

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Deal sizes reached $2.4 billion in the first half of 2023, down from $4.8 billion in the second quarter of 2021.

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Some insurtechs, however, outperform others. Partnerships and new technologies, such as generative AI, might reshape the leaderboard.

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