Verisk acquires AccuLynx for $2.35 bn to expand claims & restoration capabilities
Insurtech Verisk has signed a definitive agreement to acquire AccuLynx for $2.35bn in cash, aiming to boost its reach across the insurance claims
InsurTech News
Insurtech Cyata exits stealth with $8.5 mn seed round to secure enterprise AI agents
Cyata, an Israeli cybersecurity startup, has launched publicly with $8.5 mn in seed funding led by TLV Partners. The company targets a growing blind spot in enterprise security: AI agents
Lemonade expands UK home insurance with buildings-only cover
Lemonade has launched a standalone buildings insurance product in the UK, completing its Homeowners offering and signaling further investment in the region
Insurtech COVU acquires Mitchell in push to scale AI-driven insurance in California
Insurtech COVU, an AI-native insurance servicing platform, has acquired Mitchell Insurance Agency, a long-standing, family-owned firm based in Roseville, California
InsurTech Eventual raises $7.5 mn to launch premium lock for real estate insurance
Eventual, a US-based insurtech startup, has raised $7.5mn in seed funding across two rounds to support the rollout of its first product, Premium Lock
HealthTech dacadoo and Microsoft expand partnership to advance AI in digital health
Digital healthtech company dacadoo has deepened its strategic collaboration with Microsoft to deliver scalable, AI-powered health engagement solutions
Insurtech Neutrinos launched AI Agent Library to streamline insurer’s automation
Neutrinos, a digital transformation platform focused on InsurTech, has launched its AI Agent Library to streamline automation across key insurance operations
Artificial Intelligence Underwriting Company raised $15mn in seed round led by NFDG
San Francisco-based InsurTech startup AIUC has raised $15mn in seed round led by NFDG, with participation from Emergence, Terrain
Oscar Health forecasts $228 mn Q2 2025 net loss amid higher marketplace acuity
Insurtech Oscar Health expects a $228 mn net loss for the second quarter 2025. The revised projection follows a deeper review of claims data showing rising morbidity levels
65% of consumers want AI to simplify life insurance process – Survey
iCover Direct announced results from consumer survey revealing a growing consumer demand for AI to streamline and simplify the life insurance experience
InsurTech & FinTech expansion drive growth of Dubai International Financial Center in 2025
The Dubai International Financial Centre (DIFC) recorded its strongest half-year performance to date, led by significant momentum in the insurance and FinTech sectors
Sputnik Digital launches AI Tool ‘Invntry’ to automate home contents valuation for insurers
The tool, Invntry, automatically compiles and estimates the value of items from images, streamlining a traditionally time-consuming process for both insurers and policyholders.
InsurTech Loxa secures £1.69 mn in seed funding to expand product protection platform
London-based InsurTech Loxa has raised £1.69 mn in seed funding to scale its retail-focused product protection platform
Insurance data platform Percayso Inform backs Pizza Insurance ahead of consumer launch
Insurance data platform Percayso Inform has partnered with startup motor insurance broker Pizza in preparation for Pizza’s official rollout later this year
RAC Insurance partners with Ticker to launch connected motor insurance products
RAC Insurance has formed an exclusive agreement with Ticker, a UK-based telematics insurance provider, to distribute a range of connected motor insurance products
Digital insurance MGA Ripe reported its 17th straight year of double-digit growth
A Manchester-based digital insurance MGA Ripe reported its 17th straight year of double-digit growth, with turnover reaching £20.6mn in 2024
Short-term car insurtech Cuvva reported growth – profit reached £12.8mn
Cuvva, a London-based short-term car insurance provider, reported record growth in 2024. Profit reached £12.8mn—triple the previous year’s result
Insurtech financing in Latin America reached $240 mn in 2025, a 370% increase
Insurtech financing in Latin America reached $121 mn in H1 2025, a 370% increase compared to the same period in 2024, according to a report by Digital Insurance LATAM
AI insurtech Quandri raised $12 mn in a Series A funding round
Quandri, a Canadian AI startup improving how insurance brokerages and agencies handle servicing work, raised $12 mn in a Series A funding round
AI startup Heron raised $16 mn in Series A led by Insight Partners
Heron, a startup applying AI to automate workflows in business lending, equipment finance, and insurance, raised $16 mn in Series A funding led by Insight Partners
Insurtech Retirable raised $10 mn Series A round led by IA Capital Group
Retirable, a startup offering a retirement platform for everyday Americans, announced a $10 mn Series A round led by IA Capital Group
Startup Hourly is merging with business insurance provider WeSure Digital
Hourly, a startup providing workers’ compensation, time tracking, and payroll solutions, is merging with small business insurance provider WeSure Digital
Insurtech Coverflow raised $4.8mn in seed funding led by AIX Ventures
Insurtech Coverflow, which provides a platform that automates policy analysis, data entry, and workflow management for insurance brokers, has announced $4.8mn in seed funding
Herald acquired Babbix, an email-native AI agent developed for brokers
Herald, a provider of digital infrastructure for commercial insurance, has acquired Babbix, an email-native AI agent developed for brokers
AI-powered method for predicting underwriting performance at Lloyd’s
New AI-powered method for predicting underwriting performance at Lloyd’s, focusing on relative performance as a benchmark
Insurtech Verisk acquired SuranceBay for $162.5mn
Insurtech Verisk entered a definitive agreement to acquire SuranceBay, a provider of producer licensin, and compliance software for the life and annuity sector, for $162.5mn
Insurtech INSHUR secured $35 mn in new funding from Trinity Capital
Insurtech INSHUR, a provider of insurance solutions for the on-demand economy, secured $35 mn in new funding from Trinity Capital
Embedded insurtech Wrisk raised £12 mn in Series B to support European growth
Wrisk, a provider of embedded insurance solutions for the automotive industry, closed its Series B funding round, raising £12 mn to support European growth
Digital bank Monzo launched flexible home insurance product
Monzo has launched a flexible home insurance product specifically for homeowners, combining buildings and contents coverage to simplify and modernise
Insurtech Laka raised $10.4 mn in Series B funding round
Insurtech Laka continues to build momentum in the green mobility insurance market, reinforced by raising $10.4 mn in its latest Series B funding round
RV insurtech Roamly appointed as Lloyd’s coverholder
Four years earlier Outdoorsy, an online recreational vehicle rental and outdoor travel business, launched its insurtech division with SiriusPoint after raising $120 mn in equity and debt financing
Zurich acquired cyber insurtech BOXX Insurance
Zurich Insurance Group announced its acquisition of BOXX Insurance Inc., a Toronto-based cyber insurance and risk management insurtech
Ergo completed $2.6 bn acquisition of the NEXT Insurance remaining share
Munich Re’s Ergo primary insurance group completed its $2.6 bn acquisition of the remaining share capital of insurtech NEXT Insurance
Insurtech ZestyAI secured $15 mn credit facility from CIBC Innovation
ZestyAI, a provider of AI-based risk analytics for the property and casualty insurance industry, has secured a $15 mn credit facility from CIBC Innovation Banking
UK insurtech COVR raised $2.5 mn in seed funding
COVR Global, a London-based insurtech startup, has raised $2.5 mn in seed funding to advance the development of its AI-powered claims decision engine
Fintech Conquest Planning secured $80 mn in a Series B led by Goldman Sachs
Conquest Planning, a financial planning software company, has secured $80 mn in a Series B funding round led by Goldman Sachs Alternatives
E&S insurtech Ledgebrook raised $65 mn in a Series C
Ledgebrook, an excess and surplus (E&S) insurtech startup, has raised $65 mn in a Series C funding round led by The Stephens Group
MetLife expanded partnership with insurtech Sprout AI to accelerate claims automation
MetLife has expanded its partnership with insurance automation provider Sprout:ai to accelerate claims automation and improve customer experience
Aon launched Aon Broker Copilot, a proprietary AI platform
Aon announced the launch of Aon Broker Copilot, a proprietary, patent-pending platform that uses artificial intelligence, large-language models and predictive analytics
Clearspeed raised $60 mn in Series D to expand its AI-driven voice analytics
Insurtech Clearspeed has raised $60 mn in Series D funding to expand its AI-driven voice analytics technology for risk assessment across the insurance and national security sectors
Insurtech Testudo launched a technology and data platform for underwriting
Testudo, a start-up supported by Lloyd’s of London through its innovation accelerator Lloyd’s Lab, has launched a technology and data platform for underwriting
LHL Strategies acquired software company ClearLife
LHL Strategies, operating as Lighthouse Life, has acquired ClearLife, a UK-based firm with software and consulting operations in both the UK and the US
American InsurTech Council challenges NAIC’s push for data vendor definitions
The American InsurTech Council (AITC) has raised concerns about the current direction of the National Association of Insurance Commissioners’ (NAIC) Third-Party Data
Insurtech Instnt entered a strategic partnership with reinsurer Munich Re
Instnt, an insurance technology company backed by venture capital, has entered a strategic partnership with global reinsurer Munich Re
ICEYE expands SAR constellation to 54 satellites with latest SpaceX launch
Insurtech ICEYE, the global leader in SAR satellite operations for Earth Observation and persistent monitoring, has successfully deployed six additional Synthetic Aperture Radar
Kin Insurance finalizes $1.65 bn reinsurance program across key markets
Kin Insurance has completed its reinsurance placements for the term covering June 1, 2025, through May 31, 2026, for the reciprocal exchanges
95% of UK and 89% of US insurers use AI for data ingestion, but governance gaps remain
New research from insurtech provider hyperexponential (hx) reveals that data ingestion is the most widely adopted AI use case in the insurance sector
U.S. insurance regulators oppose federal AI moratorium in reconciliation bill
Insurance commissioners from across the United States have asked the U.S. Senate to reconsider specific provisions in the reconciliation bill known as the “One Big Beautiful Bill Act.”
FCA partners with NVIDIA to support AI innovation in UK insurance & financial services
FCA has partnered with NVIDIA Corp. to provide regulated financial firms with access to the company’s computing infrastructure and enterprise AI software
Insurtech AIFT and Shin Kong Life Insurance partnered to expand into Vietnam
Insurtech AIFT and Shin Kong Life Insurance have signed a cooperation agreement to expand into Vietnam’s digital insurance sector
Cover Genius and TAL innovate to address underinsurance in Australia
Australian life insurer, TAL, has partnered with leading global insurtech Cover Genius to launch embedded life insurance in Australia
Insurtech Kota secured €12.8 mn in a Series A led by Eurazeo
Kota, an Dublin-based insurtech startup focused on simplifying insurance benefits administration, has secured €12.8 mn in a Series A
TPA insurtech Reserv secured $25 mn in Series B funding
Reserv, a technology-driven third-party administrator (TPA), has closed a $25 mn Series B funding round led by Flourish Ventures
Insurtech platform Empathy raised $72 mn in a Series C funding
Insurtech platform Empathy has raised $72 mn in a Series C funding round led by Adams Street Partners
Igloo introduced Igloo Tech Solutions, focused on digital tools for insurance
Igloo has introduced Igloo Tech Solutions, a new product line focused on digital tools for insurance operations in Southeast Asia
Auto insurance platform Crabi secured $13.6 mn in Series A funding
Crabi, a digital auto insurer based in Mexico, secured $13.6mn in Series A funding. The round was co-led by Kaszek and Ignia, with additional support from 30N
Cyber insurtech Baobab secured €12 mn in Series A
Baobab, a Berlin-based cyber insurance company, secured €12 mn in a Series A funding round led by Viola FinTech and eCapital
Startup Voxel raised $44 mn in Series B round led by NewRoad Capital
Voxel, a California-based startup founded in 2020, has raised $44 mn in a Series B round led by NewRoad Capital Partners
Insurtech bolttech completed $147 mn Series C funding round
Insurtech firm bolttech has completed a $147 mn Series C funding round, bringing its valuation to $2.1 bn
EIOPA proposed guidelines on artificial intelligence use in insurance
European Insurance and Occupational Pensions Authority (EIOPA) has proposed draft guidelines on artificial intelligence use in insurance
Google and CoverGo examine how Agentic AI could reshape insurance operations, underwriting, data architecture, governance and human oversight
AI-related credit downgrade risk is concentrated in a small group of sectors, while 86% of tested sub-sectors show limited or no rating impact
Research finds 78 women use generative AI for every 100 men. Workplace barriers, automation risks and unequal representation raise concerns about AI adoption
Global research with insurance leaders examines why AI investment often remains tied to existing processes and how insurers are redesigning operating models