German insurtech Ottonova raised €34 mn in Series F financing
German digital private health insurer Ottonova has closed its Series F financing with an equity raise of €34 million. The current round is led by private equity investor
InsurTech News
Insurtech Ownli offering a free consumer data monetization platform for insurance industry
Formerly known as Parked, Ownli is a startup founded in 2020 to focus on the insurance industry by offering a free consumer data monetization platform
Data insurtech startup Tarci closes a $17 mn Series A funding round
Tarci, formerly Leadgence, has closed a $17 million Series A funding round which saw participation from Liberty Mutual Strategic Ventures
QBE will underwrite telematics insurtech Zego’s behavior-led fleet product
QBE Insurance will underwrite Zego’s behavior-led fleet product, which leverages telematics data to assess a fleet’s risk profile
Insurtech startup SureBright secures a $2.5 mn pre-seed round
Insurtech startup SureBright has secured a $2.5 million pre-seed round to hire more staff and build out its embedded insurance and warranty solution
SaaS insurance startup MetaMorphoSys raises $3 mn led by fund Capital2B
Business-to-business (B2B) SaaS insurance startup MetaMorphoSys has raised $3 mn in Pre-Series A funding led by Info Edge-backed technology fund Capital2B
Indian InsurTech Digit Insurance to enter life insurance sector
Digit Insurance is entering the life insurance space under the brand Go Digit-Life Insurance. Further, HDFC Bank may invest up to ₹69.9 crore in the company for a ~9.95% stake
RentSpree announced a partnership with Sure to offer renters insurance
Rental management software provider RentSpree announced a partnership with Sure to offer renters insurance to users directly via its platform
Insurtech Previsico launches live flood forecasting alert service in the US
UK-based insurtech Previsico has announced the launch of its live flood forecasting alert service in the US. The launch is in partnership with Nexus Alpha USA
Insurtech Synatic with Relativity6 will help insurance carriers accelerate underwriting
Synatic, a leader in data integration and automation, announced its partnership with Relativity6, an AI-powered company focused on industry classification, to leverage data integration and… Read More »Insurtech Synatic with Relativity6 will help insurance carriers accelerate underwriting
Covr launches digital platform for life insurance agents Covr Pro
Covr has launched Covr Pro, a digital platform for independent insurance agents offering access to life, long-term care, linked-benefit
Mental health and insurance network Alma raises $130 mn in Series D
Alma, a membership-based network that helps independent mental health care providers accept insurance and “build thriving private practices,” announced $130 million in Series D
Fair Square Medicare raises $15 mn in Series A funding led by Define Ventures
Fair Square Medicare, a brokerage helping seniors navigate Medicare Parts A & B, Medicare Advantage, and Medigap, has raised $15 million in Series A funding
Brazilian InsurTech startup Latú Seguros raises $6.7 mn in pre-seed round
Latú Seguros, a Brazilian commercial insurance startup, has closed a $6.7 million pre-seed round led by CRV and Monashees, with the participation of Onevc
Erie Insurance launches fund to support entrepreneurs and InsurTechs
Erie Insurance, an auto, home, business and life insurance company based in Pennsylvania, announced the establishment of Erie Strategic Ventures
Rental app Airbnb launches travel insurance offering for the guests
The popular vacation rental app Airbnb has launched a new travel insurance offering for the guests it serves. The product is live for guests in the US
Ecommerce platform Shopify launches Included Shipping Insurance
In partnership with Shipsurance, an Assurant company, ecommerce platform Shopify has introduced a bundled shipping insurance offering for merchants
NY-based startup Qloo raised $15mn in Series B funding from AXA Venture
Qloo, a NY-based company helping brands predict culture and taste preferences of consumers, has raised $15 million in Series B funding from Eldridge and AXA Venture
Provider of credit algorithms for insurers FairPlay launches of Input Intelligence
Provider of credit algorithms for lenders and insurers FairPlay announced the launch of Input Intelligence, a bias detection product for insurance carriers
Insurtech Accelerant launches a $175 mn sidecar investment vehicle Flywheel Re
Insurtech platform Accelerant has launched a new $175 million sidecar investment vehicle, called Flywheel Re. The new sidecar will provide multi-year risk capital
Vesttoo deploys $1bn in reinsurance capacity to Clear Blue’s P&C lines
Vesttoo has entered a partnership with Clear Blue Insurance Group to deploy $1bn in reinsurance capacity to Clear Blue’s P&C lines over the next year
InsurTech Investments fell by 80%, leading to job startapers losses
GlobalData’s Deals Database reveals that the value of global investments in insurtech fell by 79.6%. This follows a consistent flow of stories of insurtechs struggling in 2022
Insurtech Lemonade lais off some Metromile employees after M&A closing
Insurtech Lemonade has laid off some Metromile employees after closing its acquisition of the company. Lemonade said around 20% of Metromile’s team was affected
AI-digital platform for insurance agencies COVU closed a $10 mn seed funding
ManchesterStory Group to create an COVU – AI-enabled digital platform for insurance agencies. The funding will be used to build and scale COVU (formerly Vero Intelligence)
Vehicle platform Autonomy introduced a monthly auto insurance product by Liberty Mutual
Vehicle subscription platform Autonomy introduced a digital, month-to-month auto insurance product into the Autonomy subscription bundle, in partnership with insurer Liberty Mutual
US insurtech Ledgebrook has raised $4.2mn in seed funding
Boston-based insurtech, Ledgebrook, has announced that it has raised $4.2M in seed funding to build out its operations with the goal of writing its first policies in Q4 of 2022
AI-Insurtech Tractable announced a Series D round of $60m and hits Unicorn status
London-based insurtech Tractable, which helps insurance companies rapidly process claims with AI, announced a Series D round of $60m and hits unicorn status
Swedish home Insurtech Hedvig raises €9m from Obvious Ventures and D-Ax
The Swedish home insurance startup Hedvig has raised €9,3m from San Francisco based Obvious Ventures and Swedish retailer group Axel Johnson’s venture leg D-Ax
Insurtech Stoïk raises €11 mn in a Series A round led by Andreessen Horowitz (a16z)
Franch cybersecurity insurtech Stoïk has raised €11m in a Series A round led by US investment giant Andreessen Horowitz (a16z) to roll out its hybrid insurance
Coalition acquires P&C insurer Digital Affect Insurance from Munich Re
Cyber insurance provider Coalition has acquired property and casualty insurer Digital Affect Insurance from Munich Re.
Indian Insurtech unicorn Digit seeking to raise an estimated $440mn, filed its IPO
Indian Insurtech Digit Insurance has gone ahead and filed for its IPO, despite the current financial climate that has seen other insurtechs defer the process
Marshmallow, car insurtech, announced an $83m Series B
Marshmallow announced an $83m Series B, with prominent backers including Passion Capital, Investec Bank and Scor. It values the company at $1.25bn
Tokio Marine and Arbor Ventures building future of insurtech & digital transformation
Tokio Marine has joined forces with Arbor Ventures, a fintech-focused venture capital firm, to accelerate digital transformation and foster innovation
Sapiens formes a partnership with Shift Technology to provide AI fraud alerts
Sapiens International, a provider of software solutions to the insurance industry, has formed a strategic partnership with Shift Technology, the developer of AI-driven decision solutions
Allianz Direct and Insurtech CHECK24 launches a strategic partnership in Germany & Spain
Allianz Direct and CHECK24 are launching a strategic partnership in Germany and Spain where consumers in both countries will be able to access Allianz Direct products
InsurTech Root announced results: $140mn premium, 298K auto policies
Root, the Columbus digital insurer reported a net loss of $90 million for the second quarter ended June 30, but consumed only $40 million of its unrestricted cash
Insurtech Modern Life launches $15mn of seed funding by Thrive Capital
Modern Life, a tech-enabled life insurance brokerage for advisors, has launched with $15mn of seed funding led by Thrive Capital
Workers’ compensation startup Pie Insurance parners with InsurTechs
Pie Insurance, the specialist provider of cover for small businesses, has forged three, key partnerships to drive its solutions in the marketplace
US InsurTech Socotra raised $50mn in funding capital in Series C round
Insurtech Socotra has expanded its team by 63% and also raised $50mn in funding capital in its Series C round
InsurTech Cover Genius has formed a partnership with the BNPL fintech, Zip
The Australian insurtech Cover Genius has joined forces with leading BNPL provider Zip to offer customers cover on purchases at the point of sale
Gallagher announced the acquisition of risk management organization Another Day
Gallagher announced the acquisition of Another Day. Terms of the transaction were not disclosed. Another Day is a UK-based risk management organizations
Insurtech Lemonade`s Q2 2022 highlights: In-force premiums rises up 54% to $458m
In-force premiums (IFP) Lemonade have risen 54% year on year to reach $458m in Q2 2022. Startup said that (IFP) stood at $297m in Q2 2021 and at $155m in Q2 2020
Insurtech-startup Extend announced the launch of Shipping Protection
San Francisco-based startup allowing merchants to offer product protection plans for their customers Extend announced the launch of Shipping Protection
Mobility data company Wejo announced completion of a self-arranged $16 mn private investment
Mobility data company Wejo announced completion of a self-arranged $15.9 million private investment in public equity (PIPE) investment in Wejo
Tech Platform Dutchie developing Cannabis Commerce Insurance
Dutchie, the tech platform powering cannabis commerce, is entering insurance. Last month, the startup raised $350M at a $3.75 billion valuation and it currently serves… Read More »Tech Platform Dutchie developing Cannabis Commerce Insurance
Real estate tech-company Rhino announced its partnership with AmTrust Financial
Real estate technology company Rhino announced its partnership with AmTrust Financial to provide an additional $60 mn in premium-writing capacity for its core product offering. AmTrust Financial, an international… Read More »Real estate tech-company Rhino announced its partnership with AmTrust Financial
Kenya’s insurtech startup Lami hits $3.7mn in seed extension led by Harlem Capital
Kenya’s leading insurtech startups, Lami Technologies, has raised US$3.7mn in a seed extension round led by Harlem Capital – a VC that invests
Dental Insurtech Bento secures $8.1mn as part of its Series A round
Dental insurtech Bento has secured US$8.1mn as part of its Series A round led by Boston-based Schooner Capital, as it bids to improve access to… Read More »Dental Insurtech Bento secures $8.1mn as part of its Series A round
Mulberri – insurtech and business insurance platform, raises $4mn Series Seed
Mulberri, a pioneering insurtech and business insurance platform for modern PEOs and brokers, has announced that it has raised a $4 million Series Seed led… Read More »Mulberri – insurtech and business insurance platform, raises $4mn Series Seed
Insurtech Raincoat raised $4.5m funding for parametric insurance product
Insurtech-Start-up Raincoat has raised $4.5m in seed funding, the round was led by Anthemis and was further backed by SoftBank Group’s SB Opportunity Fund
Swiss Re Global Business Solutions India and T-Hub expands into the Innovation Hub
Swiss Re Global Business Solutions (GBS) India, the analytical and innovation hub of Swiss Re, will launch a new centre in Hyderabad. The new GBS… Read More »Swiss Re Global Business Solutions India and T-Hub expands into the Innovation Hub
Unicorn-InsurTech Lemonade has finished acquiring Metromile
Unicorn-InsurTech Lemonade has finished acquiring per-to-mile neoinsurence company Metromile. Under the terms of the deal, Metromile shareholders received 7.3m Lemonade shares, while Lemonade received a… Read More »Unicorn-InsurTech Lemonade has finished acquiring Metromile
German Insurtech Element has secured €21.4mn in Series B funding
German insurtech Element has secured €21.4mn in Series B funding led by pension fund VZB, taking the total amount raised to date to €88mn. The latest… Read More »German Insurtech Element has secured €21.4mn in Series B funding
Insurtech Noldor has secured $10mn in seed funding led by D.E. Shaw
Data protection insurtech Noldor has closed a US$10mn seed funding round led by D.E. Shaw as it attempts to redefine how carriers, reinsurers and reinsurance… Read More »Insurtech Noldor has secured $10mn in seed funding led by D.E. Shaw
US Insurtech Reserv raised $8mn to overhaul P&C claims processing
US insurtech Reserv, a digital-native third-party administrator (TPA), has raised US$8mn in seed funding led by Altai Ventures and Bain Capital Ventures as it seeks… Read More »US Insurtech Reserv raised $8mn to overhaul P&C claims processing
American Farmers & Ranchers Mutual Insurance has adopted Verisk’s property claims solutions
American Farmers & Ranchers Mutual Insurance Company (AFR Insurance) has adopted Verisk’s property claims-handling solutions. AFR Insurance will use Verisk’s property claims-handling ecosystem to help rapidly assign,… Read More »American Farmers & Ranchers Mutual Insurance has adopted Verisk’s property claims solutions
Life Insurtech Bestow partnered with platform Empathy
US life insurtech Bestow has partnered with bereavement platform Empathy to provide its customers with greater support when they lose a loved one. Founded in 2020, Empathy was created… Read More »Life Insurtech Bestow partnered with platform Empathy
Insurtech Incubator Gateway has announced the close of its Seed Fund II
Insurtech Gateway, a leading industry incubator, has announced the close of its Seed Fund II. The move will enable Insurtech Gateway to support a further… Read More »Insurtech Incubator Gateway has announced the close of its Seed Fund II
InsurTech Koffie has announced the closing of an $11 mn Series A
InsurTech Koffie Insurance, that focuses on providing financial services to the trucking and transportation sector, has announced the closing of an $11 million Series A,… Read More »InsurTech Koffie has announced the closing of an $11 mn Series A
Insurtech Zesty raised $33mn as part of oversubscribed Series B
Climate risk insurtech Zesty.ai, which gives insurers a range of tools including a predictive AI wildfire risk model, has closed a $33mn Series B funding… Read More »Insurtech Zesty raised $33mn as part of oversubscribed Series B
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