Insurtech Foxquilt launched digital insurance products in New York
Insurtech Foxquilt, digital MGA specializing in embedded insurance technology for small businesses, has launched of its digital insurance products in New York
InsurTech News
Insurtech Duck Creek expands global support with Center of Excellence in Poland
Insurtech Duck Creek Technologies announced the opening of its second Center of Excellence (CoE) in Warsaw, Poland
Insurtech Descartes expands climate & emerging risk parametric offerings in LatAm
Parametric insurtech Descartes Underwriting announced plans to broaden its climate and emerging risk parametric offerings across Mexico and Latin America
Insurtech Hippo released Q3 2024 results: TGP reached $368 mn (+21%)
Home insurtech Hippo released its Q3 2024 financial results, showing a 65% YoY revenue increase, supported by stronger premium retention aligned with risk retention
Ondo InsurTech expanded partnership with Nationwide to roll out LeakBot
Ondo InsurTech has expanded its partnership with Nationwide to roll out LeakBot, a device designed to prevent water damage, across 16 states
SaaS Agicap raised €45 mn in Series C funding led by AVP
SaaS platform for SMBs to manage and forecast their cash flows Agicap has raised €45 mn in Series C funding led by AVP. This investment aims to bolster Agicap’s presence in Europe
Delos Insurance raised $9 mn in a Series A funding round
Delos Insurance Solutions, a property insurance MGA, raised $9 mn in a Series A funding round led by HSBC Asset Management. IA Capital Group, Blue Bear Capital, Generation Space
Insurtech ManyPets leaves the US pet insurance market to focus in the UK
Insurtech ManyPets, a pet insurance provider, will leave the US market to focus on operations in the UK insurance market. The company has partnered with Odie Pet Insurance
Insurtech Vertafore acquired cloud-based software platform Surefyre
North America’s insurtech Vertafore announced its acquisition of Surefyre, a leading platform focused on submission and underwriting for MGAs and wholesalers
Insurtech Akur8 announced partnership with Windward Risk Managers
Akur8, an insurance pricing and reserving solution, has announced its partnership with Windward Risk Managers, known for Florida Peninsula Insurance
Helvetia partnered with Coinnect to adopt its advanced Cyber Insurtech platform
Helvetia Group has partnered with insurtech Coinnect to adopt its advanced Cyber Insurtech platform, enhancing cyber risk underwriting and helping clients manage cyber risks
Eugene Wong joins CLARA Analytics to guide insurtech through next phase of growth
CLARA Analytics, an AI technology provider focused on insurance claims optimization, has appointed Eugene Wong as Chief Financial Officer (CFO)
Insurtech Lemonade Q3 2024 financial results: revenue growth & loss reduction
Insurtech Lemonade reported a net loss of $67.7 mn in Q3 2024, widening from the $61.5 mn loss in Q3 2023. However, its in-force premium (IFP) grew by 24% to reach $889.1 mn
Tune Protect Re partner with bolttech to launch AirAsia travel insurance
Tune Protect Re teamed up with bolttech Insurance, the Hong Kong insurance division of international insurtech bolttech, to launch AirAsia Travel Insurance
Embedded insurtech INSHUR secured $19 mn for global expansion
INSHUR, a global embedded insurance provider for the on-demand economy, has raised $19mn in a recent funding round. Viola Growth led this round, with support from MS&AD
Insurtech Igloo entered the direct-to-consumer (D2C) market in Indonesia
Regional insurtech Igloo has entered the direct-to-consumer (D2C) market in Indonesia, aiming to enhance insurance accessibility for digital consumers
Underwriting platform Inspectify secured $5.3 mn funding led by Munich Re
Inspectify, a property inspection and underwriting insurtech platform, has secured $5.26 mn in funding, led by Munich Re Ventures
MetLife with insurtech YuLife launched a Group Income Protection in the UK
MetLife UK has teamed up with YuLife to launch a new Group Income Protection plan aimed at addressing the rising challenge of workplace absenteeism in the UK
Insurtech Branch raised $51 mn funding led by American Family
Insurtech Branch has raised $51 mn in a new funding round led by American Family Ventures. This investment supports Branch’s growth strategy
Insurtech Aurora raised £2.5 mn in seed funding from QBE Ventures
Insurtech Aurora, a digital commercial insurance platform, has raised seed funding from QBE Ventures, the investment arm of QBE Insurance Group
AI-driven insurtech COVU raised $12.5 mn in Series A funding
AI-driven insurtech COVU has raised $12.5 mn through equity and debt financing in its first Series A funding round led by Benhamou Global Ventures (BGV)
AI insurtech Stream Claims sequred $5.3 mn in seed funding
Insurtech startup Stream Claims, specializing in AI-powered medical document review for workers’ compensation, sequred $5.3 mn in seed funding
Insurtech Qantev raised €30 mn funding led by Blossom Capital
AI-powered claims management insurtech for health and life insurers Qantev has raised €30 mn in new funding led by Blossom Capital
Insurtech Herald secured $12 mn in Series A funding
Insurtech Herald has secured $12 mn in Series A funding co-led by Lightspeed Venture Partners and Brewer Lane Ventures, with participation from Afore Capital and Underscore Venture Capital
Agentech, AI workforce solution for insurance claims, raised $3 mn
Agentech, an AI-powered workforce solution for insurance claims, raised $3 mn in seed funding in just 30 days. This funding will support their expansion into Property & Casualty
Insurtech Hippo appointed William Malone as Vice President & Head of Agency
Home insurtech Hippo has appointed William Malone as Vice President and Head of Agency. Malone, with 25 years of industry experience, will oversee sales, account management
Adaptive Insurance launched GridProtect, climate risks protect product
Adaptive Insurance, a new parametric insurtech platform powered by AI, has launched with the goal of transforming how businesses protect against climate risks
Ondo Insurtech partnered with NFU Mutual to introduce LeakBot
Ondo Insurtech has partnered with the National Farmers Union Mutual Insurance Society Limited (NFU Mutual) to introduce its LeakBot technology to the insurer’s customers
Insurtech Optalitix sequred $3 mn funding round led by Calculus Capital
London-based insurtech Optalitix, a software provider for insurance and finance, secured a $3 mn follow-on funding round led by Calculus Capital, with participation from 24 Haymarket and others
Insurtech Akur8 sequred $120 mn in Series C funding
French insurtech Akur8 has sequred $120 mn in Series C funding, bringing its total investment to $180 mn and its valuation to $400mn, led by One Peak with Partners Group and Guidewire Software
Insurtech Koltin sequred $7.3 mn in Series A funding
Koltin, a Mexican insurtech focusing on private health insurance for seniors, secured $7.3mn in Series A funding. Left Lane Capital led the round, with its Vice President, Rachel Schow, joining Koltin’s board of directors
Insurtech Onsurity raised an additional $21 mn in Series B
Onsurity, an insurtech startup focused on SMEs, raised an additional $21mn in its Series B round, bringing the total to $45mn. Private equity firm Creaegis led the funding
French insurtech Alan reached a €1.4 bn valuation after latest Series D funding
French healthcare insurtech Alan has reached a €1.4bn ($1.7bn) valuation after its latest Series D funding round. Founded in 2016, Alan aims to bring transparency and fairness to healthcare through
Risk Administration Services leverages CLARA Analytics technology
CLARA Analytics announced that Risk Administration Services will leverage its technology to enhance its claims processes
AI-Insurtech Roots Automation raised $22.2 mn in a Series B
AI-Insurtech Roots Automation has raised $22.2 mn in a Series B funding round led by Harbert Growth Partners, with additional support from MissionOG, Liberty Mutual
Insurtech Functional Finance raised $20 mn Series A led by Walkabout Ventures
Functional Finance, a insurance software platform for managing general agents (MGA), insurers, and wholesalers, has raised a $20 mn Series A funding round led by Walkabout Ventures
Joachim Müller take over as CEO at insurtech wefox
wefox has announced that Joachim Müller will take over as CEO effective immediately. Mark Hartigan, who has been serving as both Chairman of the Board
Regulatory scrutiny in banking-as-a-service. FinTechs looking to get bank charters
FinTech companies are increasingly looking into the possibility of getting bank charters, though few have actually taken the plunge
Insurtech Ledgebrook secured $17 mn in Series B funding
Boston-based Insurtech Ledgebrook has secured of a $17 mn in Series B funding round. This opportunistic raise introduces two esteemed Family Offices to the Ledgebrook cap table
French embedded insurtech NEAT Protect raised €50 mn in Series A
French embedded insurtech NEAT Protect raised €50mn in Series A funding, led by Hedosophia, with support from Mundi Ventures, ETFS Capital
UK-based insurtech Policy Expert secured new backing from PE-firm Cinven
Policy Expert, a home and motor insurtech, has secured new backing from international private equity firm Cinven to fuel its expansion plans
ML insurtech Akur8 acquired Arius, a P&C reserving software
Insurtech Akur8, a machine learning-based insurance pricing solutions, has acquired Arius, a P&C reserving software
Health insurtech Nirvana sequred $24 mn Series A funding
Health insurtech Nirvana, specialising in insurance verification and eligibility with machine learning and artificial intelligence, has sequred $24.2 mn Series A funding
Korint Insurtech sequred €5 mn funding led by Ventech
Korint Insurtech, an emerging digital insurance company, secured €5 mn in a funding round led by venture capital firm Ventech, with continued backing from 360 Capital
Insurtech Insurity partnered with Gain Life to improve the claims process
Insurity, a provider of cloud-based software and analytics for insurance carriers, brokers, and MGAs, has partnered with Gain Life, a firm focused on improving the claims process
ICEYE and Aon enhances real-time disaster data for reinsurers
ICEYE, a satellite-based disaster management provider, announced that Aon has expanded its data licensing agreement. Aon will now include ICEYE’s Flood Insights data
InsuranceDekho launches Heph, a SaaS platform for insurance distribution
Indian insurtech insuranceDekho has launched Heph, a SaaS platform designed to streamline insurance distribution
Real estate AI-startup Placy sequred €1 mn in pre-seed funding
Cypriot real estate AI-startup Placy sequred €1 mn in pre-seed funding led by Zubr Capital, an European Fund regulated by CySEC, focused on investing in high potential IT companies
Risk management platform CultureAI secured $10 mn in Series A
CultureAI, a human risk management platform, secured $10 mn in Series A funding led by Mercia Ventures and Smedvig Ventures
Fintech Jetty migrates to Socotra’s cloud insurtech platform
Insurtech Socotra announced that Jetty, the fintech company on a mission to make renting a home more affordable and accessible, has gone live and migrated Jetty Deposit
Canadian insurtech YouSet secured $2.6 mn in seed funding
Canadian insurtech startup YouSet has secured $2.57 mn in an oversubscribed seed funding round aimed at improving the insurance shopping experience
Insurtech QuickFacts sequred $2 mn funding round led by Sandpiper Ventures
QuickFacts, an insurtech startup dedicated to enhancing efficiency in the insurance industry, sequred of an oversubscribed $2 mn funding round led by Sandpiper Ventures
Fintech Capitalize sequred $19 mn in Series B funding round
Capitalize, the first platform to help consumers and financial institutions digitally find and transfer retirement assets, sequres of a $19 mn Series B funding round
Insurtech Companion Protect sequred $20.3 mn in Series A extension
Companion Protect, a Kansas City-based pet health administration company, announced it has closed a $20.25 mn extension round from Series A investors
Savvy Wealth raised $26.5 mn in Series A led by Canvas Ventures
Wealth management startup Savvy Wealth has raised an additional $15.5 mn as part of its Series A round, bringing the total raised to $26.5 mn led by Canvas Ventures
Insurtech Lemonade’s Q2 2024 results: IFP increased by 22% to $839 mn
Lemonade, a leading insurtech company, has announced its financial results for the second quarter of 2024. In Force Premium (IFP) increased by 22%
Cyber insurtech Inscora raised $2 mn in pre-seed led by Luge Capital
Montreal-based cyber insurtech Inscora has raised $2 mn in funding led by Luge Capital, with participation from Desjardins Capital, Accelia Capital
Startup Chaiz raised $3.7 mn in seed round
Austin-based startup Chaiz, the first comparison marketplace for extended car warranties oversubscribed $3.7 mn seed funding round
Boost Insurance announced a new funding from BHMS Investments
Boost Insurance announced a new equity investment from BHMS Investments, a private firm specializing in middle-market insurance and related businesses
Israeli travel insurtech Faye raised $31 mn in Series B funding
Israeli travel insurtech Faye raised $31 mn in Series B funding, bringing its total funding to $49 mn
Global InsurTech funding rose 19.5% to $5.1 bn, with Q4 driving momentum as deal count and average size increased sharply, marking the first annual increase since 2021
InsurTech moves past disruption narrative, focuses on underwriting, AI, and operational efficiency as funding drops and insurers demand measurable results
The first notice of loss (FNOL) is the starting point for every insurance claim. It sets the tone for the entire claims cycle. And for years, this process has been manual
InsurTech funding crossed a significant milestone in Q2 2025, with $60.8bn raised since records began in 2012. The data reflects the scale of investor appetite over 10Y