Insurtech Cover Genius partnered with fintech Adyen
Insurtech Cover Genius has announced a new partnership with Adyen, selecting the FinTech as its latest payment processing partner
InsurTech News
Healthcare insurtech Chapter Medicare sequred $50 mn in Series C
Chapter Medicare, a prominent Medicare broker based in New York, recently secured $50 mn in Series C funding to enhance senior healthcare accessibility
Verisk surpasses Q1 2024 expectations: market cap grows to $32 bn
Verisk Analytics, a data analytics and risk assessment firm in the insurance industry, reported strong financial performance in the first quarter of 2024
Insurtech CoverTree raised $13 mn in a Series A funding
CoverTree, an insurtech startup focused on manufactured homes, raised $13 mn in a Series A funding round, bringing its total funding to $23 mn
Climate risk insurtech Arbol sequred of a $60 mn Series B funding
Arbol, a climate risk solutions insurtech, has sequred of a $60 mn Series B funding round co-led by Giant Ventures and Opera Tech Ventures
Insurtech Lemonade released Q1 2024 results: $47.3 mn net loss, $794 mn IFP premium
Insurtech Lemonade has reported a net loss in Q1 2024 of $47.3 million, marking an improvement of 28% on last year’s figure, while its in-force premium (IFP) grew 22%
London-based insurtech Urban Jungle sequred aditional £11 mn funding
London-based insurtech Urban Jungle has announced a new funding round of approximately £11 million. The funding comes from existing investors
Healthcare insurtech FlashAid raised $2.5 mn
FlashAid, a Mumbai-based healthcare and insurtech startup, has recently raised $2.5 million in a pre-Series A funding round
AI insurtech PeppercornAI raised £3.25 mn
Insurtech PeppercornAI has raised £3.25 mn in funding from prominent backers, including Wealth Club, EHE, and Angels Invest Wales
Insurtech Estaly raised $3.8 mn in seed funding from OneRagtim
Insurtech Estaly has raised $3.8 mn in seed funding from OneRagtime, CDG Invest, and approximately 20 angel investors
Pet insurtech Rainwalk announced $4 mn led by ManchestorStory
Pet insurtech Rainwalk Technology, the white-label pet insurance technology provider, announces $4 mn in Seed funding led by ManchestorStory
Insurtech Faura secured $500k pre-seed for reduce natural disaster risk
Insurtech Faura, which uses climate and property analytics to better understand disaster risk, has raised $500k in its first round of funding to help insurance companies
Unwritten sequred $3.5 mn in seed funding led by Connect Ventures
Fintech climate startup Unwritten, previously known as Dovetail Finance, has completed a seed funding round, raising $3.5 mn
Swiss Re launches Life Guide Scout, a Generative AI underwriting assistant
Swiss Re launches an augmented version of its Life & Health underwriting manual Life Guide. The new version comes equipped with Swiss Re Life Guide Scout
Agri-insurtech Pula sequred $20 mn Series B led by BlueOrchard
Kenyan agricultural insurtech Pula has sequred $20 mn Series B funding round, led by BlueOrchard, to help thousands of smallholder farmers
Insurtech FloodFlash launched a business interruption insurance
FloodFlash, a parametric insurance technology company, is launching a new product aimed at bolstering business interruption (BI) insurence coverage
ICEYE secured $93 mn for satellite-powered disaster solutions
ICEYE, a satellite-powered disaster management solutions, has finalised a definitive agreement for an oversubscribed $93 mn growth funding round
Insurtech Qoala sequred $47 mn funding, led by PayPal Ventures
Qoala, a Indonesian insurance startup, has sequred $47 mn in a funding round, co-led by renowned investors PayPal Ventures and MassMutual Ventures
Israeli startup Hailo extended its Series C with $120 mn for running generative AI
Israeli startup Hailo has extended its Series C with $120 mn to develop specialized chips for running generative AI tasks locally
Australian insurtech Honey Insurance raised $108 mn in Series A
Australian insurtech startup Honey Insurance, has raised US$108 mn in its Series A funding round, attracting significant interest from investors in the U.S.
Insurtech platform Novidea sequred an additional $30 mn funding
Insurtech Novidea raised an additional $30 mn funding from HarbourVest Partners. The investment brings total Series C funding round to $80 mn
European insurtech Laka annonced investment from Achmea
Insurtech Laka, founded in London in 2017, has annonced investment led by Achmea Innovation Fund as part of its strategic move
Health insurtech CareVoice secured $10 mn funding in Series B
Insurtech CareVoice has secured $10 mn funding in Series B led by Apis Insurtech Fund I. The funding will be used to accelerate the Company’s growt
Insurtech mTek raised $1.25 mn to boost expansion in African markets
Kenyan Insurtech mTek has sequred $1.25 mn in funding to boost its expansion efforts within the Kenyan and East African insurance markets
Insurtech Lemonade launched of homeowners insurance in France
Insurtech Lemonade announced the launch of Homeowners insurance in France in partnership with BNP Paribas Cardif
Insurtech Element secured €50 mn from Versorgungswerk der Zahnärztekammer
German insurtech startup Element has secured €50 million in funding from Versorgungswerk der Zahnärztekammer Berlin K.d.ö.R. and Alma Mundi
Stanhope sequred £2.3 mn to developing of ‘human-like’ AI
The neuroscience-driven AI startup Stanhope has sequred £2.3 mn in funding to enhance the development of ‘human-like’ AI
Healthtech Recare raised €3.2 mn for expansion in Germany
Recare has developed a SaaS platform that acts as a neutral marketplace, allowing hospitals to find care providers for their patients with aftercare needs
Luminance raised $40 mn in Series B funding to use of large language models
Luminance has raised $40 mn in Series B funding to further its use of large language models (LLMs) which are predicted to automate significant portions of work
Lexverify secured £900K in Seed funding to enhance AI-driven risk managemen
UK-based startup Lexverify secured £900K in Seed funding to enhance its AI-driven risk management assistant
HR software app Homebase sequred $60 mn Series D
Homebase is HR software that targets the two-thirds of the American SMB workforce with hourly jobs that require them to be on-site
Fintech Scayl, founded by ex-VC executives, raised €100 mn
Scayl, a debt financing platform founded by ex-VC, announced its emergence from stealth having raised €100 mn
Insurtech Empathy sequred $47 mn Series B funding led by Index Ventures
Insurtech Empathy announced the closure of a $47 mn Series B funding round, spearheaded by Index Ventures, alongside notable contributions from General Catalyst
Insurtech Coterie secured a substantial $27 mn in post-Series B round
Insurtech Coterie, which specialises in services for small businesses, has secured a substantial $27 mn in funding during a post-Series B round
Insurtech Vouch raised $25 mn Series C-1 funding led by Ribbit Capital
Insurtech Vouch announced the closure of a $25 million Series C-1 funding round, led by Ribbit Capital
Insurtech Sostengo raised $3.8 mn seed funding for Latam & U.S. Hispanic entry
Central American Insurtech Sostengo raised $3.8 mn seed funding for Latam markets and U.S. Hispanic entry. With 103% premium growth
IDfy secured a substantial financial injection of $27 mn funding
IDfy has secured a substantial financial injection of $27 mn in a recent funding round, signifying a pivotal moment for the company’s trajectory
Brazilian cybersecurity insurtech Bluecyber raised $1.5 mn in funding
Brazilian insurtech Bluecyber, specialising in cyber insurance, has raised $1.5 mn in funding led by venture capitalists Invisto and Bossa Invest
LGI developed behaviour based insurance for insurtech Carrot
Insurtech Carrot General Insurance has partnered with Lippo General Insurance, Indonesia to develop a Behaviour Based Insurance solution.
Insurtech Genasys updated a core Genasys Unify platform
Genasys, the provider of insurance administration software, announced Genasys Unify, a major update to the core Genasys platform
Sweet Security raised $33 mn in Series A led by Evolution Equity
Israeli startup Sweet Security, specialising in addressing cloud risks for companies, has successfully raised $33 mn in a Series A funding round
Insurity & OIP Robotics partnered for P&C insurance automation
Insurity, the cloud software insurtech for insurance carriers, brokers, and MGAs, has partnered with OIP Robotics (OIPR)
Insurtech Fijoya raised $8.3 mn in seed round
Fijoya, an insurtech startup specializing in health and wellness services for employers, recently secured $8.3 mn in seed funding
Aon acquired of the technology & intellectual property of Humn:ai
Aon announced its acquisition of the technology assets and intellectual property of Humn:ai, a move designed to enhance its commercial fleet services
Insurtech Wisedocs sequred $9.5 mn in Series A Funding
Insurtech Wisedocs secured $9.5 million in Series A funding to enhance its AI-driven insurtech solutions, with Information Venture Partners
Insurtech Lemonade rised in-force premium to $747 mn for 4Q 2023
Insurtech Lemonade has reported a 20% rise in in-force premium to $747 mn for 4Q 2023, while its gross loss ratio fell 12% to 77% in the quarter.
Wipro acquired insurtech Aggne Global for $66 mn
Wipro, India’s fourth largest information technology (IT) services firm, will acquire US-based insurtech firm Aggne Global
AI-insurtech Indemn closed a $1.9 mn pre-seed funding
Indemn, a insurtech platform, has closed a $1.9 mn pre-seed funding round, marking its continued growth in delivering insurance products
Insurtech Cake sequred $1.3 mn in pre-seed funding led by Markd
Insurtech Cake, a marketplace designed for independent insurance agents, has announced the completion of a $1.3 mn pre-seed funding round
Insurtech Quandri is launched a AI robotic process automation for insurance
Insurtech Quandri is working in the field of robotic process automation (RPA) by offering a specialized solution for the insurance industry
Corvus Insurance updated Tech E+O insurance product
Cyber insurtech Corvus Insurance has updated its Tech E+O (Errors and Omissions) insurance product, now supported by Travelers
iptiQ developed Goboony Motor Day Insurance with a per-day coverage
iptiQ and Goboony introduced an innovative car sharing insurance solution, seamlessly integrated into the Goboony platform
Real estate insurtech Sisu launched Sympli Insurance initiative
Sisu, a real estate software company based in Kaysville, Utah, has recently unveiled Sympli, a groundbreaking initiative aimed at enabling its clients
Insurtech DigitalOwl sequred $12 mn from Reinsurance Group of America
DigitalOwl, an Israeli insurtech startup, has offered an innovative platform that automates the reading, summarization, and analysis of medical records
Insurtech Kin Insurance raised $15 mn from new investor Activate Capital
Insurtech Kin Insurance has secured a investment of $15 million from Activate Capital, a new investor in the company
Insurtech Artificial Labs sequred $10 mn in Series A+ funding round
Insurtech Artificial Labs has raised $10 mn in it’s Series A+ round, following a $5.9 mn investment from Augmentum, Europe’s foremost publicly listed fintech fund
APOLLO Insurance introduced a CreditBuilder solution with Zenbase
APOLLO Insurance, a digital insurance provider in Canada, has introduced a novel feature by partnering with Zenbase, allowing customers to improve their credit ratings
Marsh introduced ReadyCellSM, a novel risk financing solution
Marsh, a global leader in insurance brokerage and risk advising, and part of Marsh McLennan, recently introduced ReadyCellSM, a novel risk financing solution
Hyperexponential raised $73 mn Series B to expand insurance pricing platform
UK insurtech Hyperexponential, the pricing decision intelligence (PDI) software, announced completion of its $73 mn Series B funding
Fintech Vestwell raised $125 mn in Series D for savings platform
Vestwell, a fintech platform for employer and individual savings, has successfully completed a Series D fundraising round, securing a $125 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