Corgi raises back to back funding and becomes a $2.6 Billion company
Marsh Launches Coverpro.ae for UAE SMEs + Global Insurtech Funding Surges on AIIn this episode of FS Brew: News with Analysis, the hosts discuss Marsh UAE’s launch of CoverPro.ae, a new retail website aimed at small and medium enterprises, marking a shift toward digital-first distribution and raising questions about how Marsh will market to SMEs. They then review the Global Insurtech Funding Report (Be Insure), noting insurtech funding rose 19.5% year-on-year to $5.1B, driven largely by AI-focused startups, with an average deal size of $26M and AI liability/cyber deals highlighted. Examples include Paci’s $46M Series B and Corgi’s rapid back-to-back raises and valuation jump, plus a discussion on whether the Middle East could support an AI-native full-stack insurer. The episode also covers GCC insurance growth projections to 2030 and local product launches: Orient Insurance and Allianz Partners’ Sphera global health plan for expats, and Orient’s new war-risk solutions including political violence coverage.00:00 Welcome and Agenda00:11 Marsh UAE SME Portal01:33 How Marsh Will Market01:53 Insurtech Funding Rebounds03:07 Paci and Corgi Mega Rounds04:45 Corgi Growth and Culture05:58 Can GCC Build AI Insurers08:59 GCC Market Growth Outlook10:04 Orient Sphera Health Plan10:41 War Risk Add On Covers12:37 Wrap Up and Subscribe
Renjit Philip:
Consulting: https://linktr.ee/futureustrategygroup/
Newsletter: https://www.onemorethinginai.com
Work: https://www.futureu.co
https://www.linkedin.com/in/renjit-philip
Vidya Veerapandian:
https://www.linkedin.com/in/vidya-veerapandian/
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