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
InsurTech News
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 $121 mn in H1 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
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
Insurance intersects with nearly every sector: infrastructure, logistics, health, environmental risk, and beyond
Lloyd’s Lab accelerator has become a major force in insurance innovation, securing over $1 bn to support startups transforming the industry, launching 6 years ago