Outmarket AI raises $17 mn in Series A to expand AI tools for insurance brokers
Outmarket AI raised $17 mn in Series A funding to expand insurance workflows, connect brokerage data, and grow its agency platform
InsurTech News
OCTO and Sedgwick partner on telematics insurance claims management
OCTO and Sedgwick will combine telematics data and claims management services to improve accident intake, liability review, fraud checks, and claim costs
Novella raises $21 mn to expand AI-powered wholesale insurance broker network
Novella raised $21 mn to hire brokers, expand US offices, and develop AI tools for wholesale E&S insurance placement
Insurtech Kin Q1 2026 profit rises as renewal book and underwriting margins build
Kin reported Q1 revenue of $56.6 mn as renewal premium rose, operating income nearly doubled, and catastrophe cover expanded
Insurance digital satisfaction falls as online policy sales grow
JD Power says 47% of new auto and home policies are bought digitally, but insurer website and app satisfaction declined in 2026
Reinsurer OnRe appoints of Ben Fortune as Chief Underwriting Officer
OnRe, a licensed collateralized reinsurer and onchain asset manager, announced the appointment of Ben Fortune as its Chief Underwriting Officer
BYD picks bolttech for embedded EV insurance in Europe
BYD named bolttech its preferred embedded insurance partner in Europe, starting in the UK before launches in Italy, France, Germany, and Spain
Italian fintech A-Cube raised €4 mn to expand tax reporting platform
Fintech A-Cube raised €4 mn led by P101 to expand its API-first tax reporting platform across Europe and add AI-driven compliance tools
Wopta Assicurazioni raises €5 mn to expand insurtech platform
Wopta Assicurazioni raised €5 mn, topping €20 mn since 2022, as it expands distribution, acquires brokers, and targets SMEs
Verisk brings insurance analytics and Generative AI capabilities into Claude AI
Verisk launched MCP connectors in Claude, giving insurers and restoration teams conversational access to governed underwriting and claims analytics
Italian ViteSicure raises €2.5 mn to scale life insurtech
ViteSicure raised €2.5 mn in the first Series A tranche to expand life and protection insurance distribution, technology, and AI in Italy
Insurtech Corgi raises $160 mn Series B at $1.3 bn valuation
Corgi raised $160 mn in Series B funding led by TCV and launched AI insurance coverage for businesses deploying AI systems.
Insurtech Laka buys VeloLife assets to expand UK bike insurance
Laka acquired VeloLife assets to expand its UK bike dealer channel and advance its M&A strategy after a £14.1 mn Series B
Artificial intelligence plans outpace workforce investment, Aon says
Aon’s Human Capital Trends Study says employers expect AI to reshape skills, but most have not reskilled workers at the same pace
Insurtech Kin Insurance completes $335 mn catastrophe bond deal
Kin Insurance completed its largest catastrophe bond transaction, securing $335 mn through Hestia Re to support homeowners in storm-exposed markets
Space startup Lunar Outpost raised $30 mn for NASA moon rover
Lunar Outpost raised $30mn to speed development of Pegasus, a smaller rover aimed at NASA Artemis moon missions by 2027
AI startup Pit raises $16 mn seed round led by Andreessen Horowitz
Pit raised $16 mn in seed funding led by Andreessen Horowitz to build custom AI software for enterprise workflows across major sectors
Belgian startup Tekst raises €11.5 mn Series A for enterprise AI workflows
Belgian AI startup Tekst raised €11.5 mn in Series A funding led by Elephant to expand process automation, product development, and global sales
CodeWords raises €7.6 mn in Seed funding to expand AI agent platform Cody
London AI agent platform CodeWords raised €7.6 mn in Seed funding to hire engineers, grow sales teams, and expand Cody for business automation
Insurtech Root posts record Q1 net income of $35.9 mn as AI automation expands
Insurtech Root Insurance reported record quarterly profit as the insurtech expanded AI-driven underwriting, claims automation, and distribution partnerships
NextLadder Ventures launches $1 bn AI mobility initiative
NextLadder Ventures will deploy $1 bn into AI-powered navigation tools focused on financial health, careers, benefits access, and economic mobility
XBOW raises new Series C funding for AI cybersecurity platform
XBOW secured additional Series C funding to expand its autonomous offensive security platform for enterprise cybersecurity teams
Peter Thiel’s Founders Fund raises $6 bn for late-stage tech bets
Peter Thiel’s Founders Fund secured $6 bn for a new late-stage investment fund targeting AI, defense, fintech, and large private tech firms
Spring Labs raises $5 mn for AI compliance platform led by BankTech Ventures
Spring Labs secured $5 mn to expand its AI-driven compliance workflow platform for banks, sponsor banks, and fintech companies
DeepInfra raises $107 mn in Series B funding to expand AI inference cloud
DeepInfra secured $107 mn in Series B funding to scale its AI inference infrastructure and expand global compute capacity
Insurtech Reserv raises $125 mn in Series C to expand AI-native insurance claims platform
Insurtech Reserv secured $125 mn in Series C funding led by KKR to scale AI-driven claims processing across the P&C insurance industry
LakeFusion raises $7.5 mn for AI-ready data management
LakeFusion secured $7.5 mn in Seed funding to expand its Databricks-native MDM platform for AI-ready enterprise data infrastructure
JuliaHub raises $65 mn in Series B funding to scale Dyad AI engineering platform
JuliaHub secured $65 mn in Series B funding to expand Dyad, its AI platform for industrial system modeling and digital engineering
Iterative Health raises $77 mn in Series C funding to expand AI-driven trial network
Iterative Health secured $77 mn in Series C funding to scale its AI-powered clinical research network across new therapeutic areas and regions
Squads raises $18 mn for Solana-based stablecoin treasury platform
Squads secured $18mn led by Solana Ventures to expand Altitude, its stablecoin-based financial operating system for global businesses
Rogo raises $160 mn to expand AI platform for finance
Rogo secured $160 mn in Series D funding to scale its AI platform, expand globally, and deepen partnerships with major financial institutions
Point2 Technology extends Series B to $76 mn for AI data center interconnects
Point2 Technology expanded its Series B to $76 mn to speed deployment of RF-based interconnects for AI data center infrastructure
AcuityMD raises $80 mn in Series C to expand AI platform for MedTech
AcuityMD secured $80 mn in Series C funding to expand AcuityAI, deepen its MedTech data model, and scale across the medical device sector
Coral raises $12.5 mn to automate healthcare admin work
Coral raised $12.5mn from Lightspeed and Z47 to automate healthcare back-office workflows across fax, EHR, payer portals, and patient intake.
Artemis launches with $70 mn to rebuild SIEM around AI-native cyber threat detection
Cybersecurity startup Artemis has emerged from stealth with $70 mn in funding to challenge the traditional security information and event management market through an AI-driven security operations platform
Insurtech Lemonade Q1 2026: Revenue jumps 71% as AI drives growth
Insurtech Lemonade reported in-force premium of $1.33 bn, up 32%, extending a ten-quarter run of accelerating growth. Revenue climbed faster, rising 71% to $258 mn
Neutrinos named Leader in insurance document AI by Everest
Neutrinos ranked as a Leader in Everest Group’s 2026 assessment of insurance document processing platforms
Insurtech Duck Creek launches AI tool to cut insurance product build time
Duck Creek introduced an agentic AI configurator aimed at reducing product setup timelines and simplifying deployment across insurers
Sompo backs insurtech Zego with $28 mn to develop telematics insurance in Japan
Sompo and Zego partner to build AI-driven, usage-based motor insurance products tailored for the Japanese market
Intuitech and UNIQA have unveiled NiQA, a next-generation AI claims platform
Intuitech and UNIQA have unveiled NiQA, a next-generation AI claims platform capable of handling complex insurance claims entirely autonomously
UNIQA partners with insurtech bsurance to launch embedded insurance platform
UNIQA teams up with bsurance in Austria to integrate insurance directly into digital purchase journeys across e-commerce, retail, and travel
Insurtech Simply Business launches ChatGPT app for instant insurance pricing
Simply Business rolls out a ChatGPT app in the U.S. and UK, offering small businesses fast indicative insurance pricing with minimal inputs
AI insurtech Cytora integrates LexisNexis data to automate U.S. underwriting
Cytora partners with LexisNexis Risk Solutions to embed data and analytics into AI-driven underwriting workflows for faster risk decisions
Liberty Mutual taps insurtech Ethos to launch instant digital life insurance
Liberty Mutual partners with Ethos to deliver a fully digital, no-exam life insurance journey with instant decisions
Courier Health raises $50 mn to scale AI patient engagement platform
Courier Health secures Series B funding to expand its AI platform addressing fragmented patient journeys in life sciences
BayCare pilots hospital robotics with Rovex to streamline logistics
BayCare tests robotic transport workflows with Rovex to reduce operational strain and improve efficiency across hospital operations
Robinhood Ventures Fund invests $75 mn in OpenAI to open private markets
Robinhood Ventures Fund I adds OpenAI stake, aiming to give retail investors access to high-growth private tech companies
AfterQuery raises $30 mn to scale expert AI training data platform
AfterQuery secures Series A funding at a $300 mn valuation as demand grows for high-quality data powering professional AI systems
Luminai raises $38 mn Series B to scale AI healthcare automation
Luminai secures new funding to expand its platform for automating complex administrative workflows across U.S. healthcare providers
Insurtech Fulcrum acquires crypto platform Megaphone to deepen product capabilities
Fulcrum acquires Megaphone and hires its founders to strengthen product development as it scales software for insurance brokerages
Insurtech Flock launches a data-driven haulage fleet product with Admiral
Flock launches a data-driven haulage fleet product with Admiral, targeting one of the UK’s largest commercial vehicle segments
TAL expands Microsoft deal to scale AI and cloud across life insurance
TAL signs a five-year agreement with Microsoft to expand cloud infrastructure, build AI tools, and strengthen workforce skills across its operations
Allianz Turkiye deploys Nettle AI to accelerate property risk inspections
Allianz Turkiye adopts Nettle’s AI platform, cutting inspection turnaround times and delivering same-day structured risk data to underwriters
Insurtech Openly secures growth funding and expands Allianz Re partnership
Openly raises new capital and strengthens reinsurance backing with Allianz Re to support U.S. expansion and deepen independent agent partnerships
McLarens expands affiliate network with partners in Channel Islands and Georgia
McLarens adds Quantum Adjusting and BE Group as affiliates, strengthening local claims expertise in the Channel Islands and the Caucasus
COVU launches COVU OS to rebuild insurance agency workflows around AI
COVU introduced COVU OS, an AI-native operating layer for insurance distribution built to route service tasks across AI, agents, and offshore teams
DXC launches AI insurance apps with ServiceNow to speed insurer transformation
DXC introduced three Assure Smart Apps built on ServiceNow, targeting claims, customer engagement and underwriting with faster deployment and lower manual workload
Verisk says claims fell in 2025 as losses grew more concentrated
Verisk reported lower insurance claim volumes in 2025, though wildfire, motor theft, gig work and newer liability risks drove tougher loss patterns
Westfield Health nears £100 mn revenue as it launches Evolve platform
Westfield Health introduced Evolve, a digital platform for intermediaries, as revenue approaches £100 mn and demand grows for flexible health benefits
Starfish Space raises $100 mn+ to scale in-orbit servicing missions
Starfish Space secured over $100 mn in Series B funding to expand its Otter servicing missions and meet rising demand from defence and commercial clients
Space insurance is roughly divided into four types of coverage. They reflect the phases of most satellite projects – preparing and launching the satellite
The aerospace reinsurance renewals season is a chance to retention levels, conditions and price to enable Global aerospace insurance market
Space and satellite insurance has evolved from simple launch coverage to a complex discipline combining contract analysis and advice, risk evaluation