McKinsey says AI could add $70 bn to insurance revenue
McKinsey outlines how AI, from predictive models to agent systems, is reshaping brokers, MGAs, TPAs and software, with $50 bn–$70 bn revenue upside
InsurTech News
Insurtech General Magic raised $7.2 mn to cut insurance quote time
Toronto-based General Magic secures $7.2m seed round to deploy SMS AI agents that reduce insurance quote time from 30 minutes to under 3
Financial Conduct Authority sets 2026 insurance priorities, captive reform ahead in the UK
FCA launches first insurance Regulatory Priorities report, outlining captive reform plans, AI oversight and claims scrutiny for 2026
AI adoption rises to 82% as data protection risks persist: Gallagher
Gallagher survey finds 82% of businesses report positive AI impact, yet data protection, hallucinations and legal risk remain leading concerns.
Insurtech Kin lifts GWP 28% to $635 mn as renewal base expands
Insurtech Kin reports 28% GWP growth to $634.4 mn, rising renewal premiums and improved operating margin despite softer insurance market conditions
Agentic AI governance moves to board level as autonomy expands
Agentic AI systems introduce execution risk beyond model output, forcing enterprises to redesign governance, privilege controls and runtime oversight
Insurtech Titan Flood launches private residential flood program with Nationwide
Titan Flood, an AI-enabled flood insurance platform, has launched a private residential flood program in partnership with Nationwide E&S/Specialty
Are autonomous vehicles from companies such as Waymo and Tesla making roads safer? Insurance research
Are autonomous vehicles from companies such as Waymo and Tesla making roads safer? The insurance industry’s research community is watching closely, and the answer remains unsettled
Experian brings auto insurance marketplace to ChatGPT users
Experian launched the Experian Insurance Marketplace app inside ChatGPT, extending its insurance comparison platform into a conversational interface used by millions of consumers
Insurity expands billing-as-a-service for P&C insurers and MGAs
Insurity announced enhancements to its Billing-as-a-Service platform, stating the outsourced model now delivers a lower total cost than internally managed billing for property and casualty carriers
Stockholm startup Agaton raises $10 mn seed to scale AI voice analytics for sales
Startup Agaton emerged from stealth with $10 mn in total seed funding to expand its AI-driven voice analysis platform for enterprise sales teams
Flinn raises $20 mn to automate medtech compliance workflows
Vienna-based Flinn secured $20 mn in follow-on funding to expand its AI-driven regulatory and quality automation platform for medtech manufacturers
European regtech Copla raises €6 mn Series A to scale real-time compliance tech
Regtech startup Copla secured €6 mn in Series A funding to expand its real-time compliance infrastructure for regulated financial services
Berlin startup Cognee raised €7.5 mn to build structured memory for AI agents
Berlin startup Cognee secured €7.5 mn to expand its structured memory infrastructure for AI systems and autonomous agents
Healthtech Pontiro secured £357,5k to scale NHS imaging AI infrastructure
Pontiro raised £357,500 in a round led by SFC Capital, with participation from Plug and Play Ventures and the British Business Bank
Zurich startup Rapidata raised $8.5 mn to scale global AI feedback network
Rapidata, a Zurich-based AI infrastructure startup, secured $8.5 mn in seed funding to expand its human feedback infrastructure
Startup Hemi Health raised €4 mn seed to expand migraine care abroad
Frederiksberg-based Hemi Health secured €4 mn in seed financing to expand beyond Denmark, starting with the Netherlands
Proptech Lystio raises €500 k to scale AI real estate search in Austria
Vienna-based Lystio secured €500,000 to expand its AI-native property portal, with capital directed toward refining its search engine and extending AI-driven product features
Startup World Labs secures $1 bn to scale spatial AI models
World Labs raised $1 bn to advance spatial intelligence systems designed to generate and reason across immersive 3D environments
Fintech Vestwell raised $385 mn Series E to scale US savings tech
Vestwell, a digital savings platform, secured $385 mn in Series E financing, doubling its valuation and reinforcing its standing inside the US savings infrastructure market
Fintech Fluz launched embedded finance platform for software firms
Fintech Fluz entered embedded finance with the launch of Fluz Platform, opening its payments infrastructure to software companies seeking in-product financial services
FlashLabs rolls out FlashAI 2.0 enterprise voice AI
Enterprise voice platform targets latency, speech quality and deployment drag with proprietary stack and human escalation
Jump raises $80 mn Series B to expand AI for financial advisors
Jump, a US-based financial services AI company, closed an $80 mn Series B round led by Insight Partners, lifting total funding to $105 mn
Insurtech Kettle, RLI launch wildfire-focused commercial property cover
Kettle has formed a strategic partnership with RLI Corp. to launch a multi-peril commercial property product that includes dedicated wildfire coverage
Insurtech Qumis raises $4.3 mn seed to scale attorney-trained coverage AI
Commercial insurance platform backed by MTech Capital, American Family Ventures as total funding reaches $6.75mn
Gradient AI launched ClaimVector for workers’ comp claims benchmarking
Insurtech Gradient AI, a enterprise software provider of artificial intelligence solutions in the insurance industry, has introduced ClaimVector for Workers’ Compensation
Insurtech Policybazaar launches garage-backed motor plan with Watania Takaful
Policybazaar has introduced Watania Takaful – PB Auto Care Advantage (Pitstop P360), a comprehensive motor plan developed with Watania Takaful and Pitstop Automotive Services
Mistral AI acquires Koyeb to build full-stack AI cloud
Mistral AI has agreed to acquire Koyeb, marking its first acquisition and signaling a shift beyond model development into full-stack AI infrastructure
OSS Ventures raised $47.3 mn to scale in-house software startups
Paris-based OSS Ventures closed the first $47.3 mn for a new vehicle targeting $88.7 mn. The fund will provide follow-on capital to industrial software startups
Startup FYLD raises $41 mn Series B to scale AI for field operations
London-based FYLD, an AI-powered intelligence platform for the infrastructure sector, closed a $41 mn Series B round led by Energy Impact Partners
Startup SurrealDB raised $23 mn, launched v3.0 multi-model AI database
London-based SurrealDB secured a $23 mn extension to its Series A round and released version 3.0 of its multi-model database platform
Spanish Tuio launched first insurer-built AI app approved on ChatGPT
OpenAI has approved the first insurance provider-built AI application to operate inside ChatGPT, clearing the way for real-time insurance distribution within a conversational interface
Insurtech Carpe Data names Glenn Shapiro board chairman
Carpe Data appointed Glenn Shapiro as Chairman of its Board of Directors, adding a senior claims executive with more than three decades of experience at major US carriers
Lilypad Insurance adopts ZestyAI roof analytics for coastal underwriting
Insurtech ZestyAI said Lilypad Insurance is implementing its Roof Age and Z-PROPERTY solutions to sharpen property risk assessment
DQPro selects Hartford for US expansion with InsurTech Corridor support
London-based specialty data firm will build US operations in Connecticut, citing access to carriers and regulatory guidance
Comeryx launched AI-native MGA with $7.5 mn backing to automate E&S underwriting
Comeryx has launched as an AI-native managing general agent focused on small business risks and closed a $7.5 mn funding round
Insurtech Sixfold raised $30 mn Series B to scale GenAI Underwriter platform
Sixfold has secured $30 mn in Series B funding to expand its AI-driven underwriting platform. Brewer Lane led the round, with strategic backing from Guidewire
ZeroDrift raises $2 mn from a16z to automate finance compliance
ZeroDrift has launched with $2m in pre-seed funding led by a16z speedrun, positioning itself as a real-time compliance firewall for regulated industries
Insurtech Wrisk acquires Atto to expand embedded finance and credit intelligence
UK-based insurtech Wrisk has acquired Atto, a real-time financial intelligence platform, as it deepens embedded finance and protection capabilities
Admiral Group to acquire fleet insurtech Flock in £80 mn deal
Admiral Group has agreed to acquire Flock, a UK digital commercial fleet insurtech, in a transaction valuing Flock’s equity at £80 mn
Insurtech mea secured $50 mn from SEP to scale insurance AI platform
AI-native insurtech mea has raised $50 mn in minority growth equity from SEP, marking its first external funding round
Insurtech Lassie raised $75 mn to scale prevention-first pet insurance in Europe
Stockholm-based Lassie has secured $75 mn in Series C funding to expand its prevention-led pet insurance model across Europe
Italian startup Intuos raises €720 k to digitise general aviation fleets
Italian startup Intuos secures €720k to expand fleet management platform into the US after Europe growth and South Africa distribution deal
Advance raises $8.55 mn seed to modernise insurance payment infrastructure
Advance secures $8.55 mn in seed funding led by nvp Capital to automate premium flows, trust accounts and remittances for insurance intermediaries, turning idle balances into yield
Automata raises $45 mn Series C to scale LINQ lab automation
London-based Automata secures $45 mn Series C led by Dimension to expand its LINQ modular robotics platform and deepen integration with Danaher technologies
Insurify launches first car insurance comparison app on ChatGPT
Insurify introduces the first insurance app in ChatGPT’s directory, enabling users to compare car insurance quotes and reviews directly within the AI platform
Insurtech Equal Parts raised $23 mn Series A to scale US agency roll-up
InsurTech platform Equal Parts secures $23 mn Series A to accelerate independent agency acquisitions and expand its AI-driven operating system
Insurtech ManageMy raised $45 mn to scale global insurance platform
Insurtech ManageMy secures $45 mn, including $20 mn Series B, to expand internationally and advance AI-driven capabilities across its platform
Bound raised €20.7 mn Series A to scale automated FX hedging
UK-based Bound secures €20.7 mn Series A led by AlbionVC to expand automated FX risk management across Europe after trading €1.6 bn in 2025
FinTech Duna raised €30 mn Series A to scale AI business identity platform
Amsterdam-based Duna secures €30 mn Series A led by CapitalG to expand its AI-native digital passport for businesses and scale enterprise identity infrastructure
Startup Chiral raises €10 mn Seed to scale nanomaterial chip integration
Swiss DeepTech startup Chiral secures €10 mn Seed round to commercialise robotic nanomaterial integration for next-generation semiconductor and quantum devices
BioTech Aerska raised €32 mn Series A to advance RNAi brain delivery platform
Dublin-based Aerska secures €32 mn Series A to scale brain shuttle technology for RNAi therapies targeting Alzheimer’s and other CNS diseases
Elaia secures €120 mn first close for Digital Venture Fund V targeting European B2B tech
Paris-based Elaia launches €120 mn first close of DV5, aiming for €300 mn to back European B2B startups from pre-Seed to Series B across AI
Trener Robotics raised €26 mn Series A to scale AI skills platform for industrial automation
Norway and US-based Trener Robotics secures €26 mn Series A to expand its Acteris AI robot skills platform and accelerate R&D, partnerships, and global growth
Fintech Overmind raised €2.3 mn to secure agentic AI in regulated sectors
London-based Overmind secures €2.3 mn seed round to build supervision infrastructure for AI agents across legal, healthcare and FinTech markets
LatAm insurtech funding jumps 117% to $199 mn
Mapfre reports 536 active LatAm insurtechs and $199 mn in funding in 2025, as the ecosystem shifts from distribution toward technology enablement
Kairos launches AI weather platform for parametric insurance
Singapore-based Kairos Risk Solutions introduces Weather Data Platform using AI to support year-ahead forecasts and data-driven parametric insurance structuring
Insurance broker stocks slide after OpenAI approves first carrier AI app
Broker shares fall about 9% after ChatGPT approves an insurer AI app, as analysts debate disintermediation risks and long-term impact on distribution
Insurtech Indigo raises $50 mn Series B to scale AI medical liability platform
US medical professional liability insurer Indigo secures $50 mn in oversubscribed Series B funding to expand AI underwriting and national distribution
SCOR expands cyber underwriting with MGA Baobab partnership in Germany
SCOR adds Lloyd’s capacity to Baobab Insurance’s CyberSafe policies, extending cover to firms up to €1 bn in revenue across Germany and Austria
U.S. cyber insurance premiums rose nearly 11% in 2025 as policy volume jumped, but weaker pricing, higher losses, and AI-driven threats added fresh pressure
Digital-asset adoption keeps rising and so do the risks tied to holding or moving value online. Insurers now face new pressure to design products that respond to crypto-specific threats
Although cyber incidents have not resulted in a significant systemic event for the U.S. financial services sector to date, they could pose risks to financial stability
Ransomware cases surge as cloud and AI adoption expands attack surfaces, driving higher losses, supply chain risk, and tougher cyber insurance conditions