All the funding deals in the InsurTech market
Last updated: 13 July 2026
In our updated market reports, you will find everything you need
The InsurTech market is attracting investment across underwriting, claims, distribution, payments, and digital insurance products.
We conducted deep research and collected 96 InsurTech market funding deals announced between Q1 2024 and Q2 2026.
We refresh this InsurTech market page very often to add newly announced fundraising deals.
Insights
- The 96 InsurTech market deals raised more than $3.2 billion between Q1 2024 and Q2 2026, showing that investors still see large opportunities across the insurance value chain.
- InsurTech market funding accelerated sharply in 2026. The 27 deals announced through Q2 2026 raised about $1.54 billion, already exceeding the total recorded for all of 2025.
- Alan's $550 million round represented more than one-third of the InsurTech market funding collected for the first half of 2026.
- Artificial intelligence became a central theme in the InsurTech market. Many recent companies use AI agents to automate underwriting, claims, brokerage operations, and administrative work.
- The InsurTech market is moving beyond consumer insurance apps. Commercial insurance, specialty insurance, and software for professional brokers now receive a large share of new investment.
- Underwriting technology remains one of the strongest InsurTech market segments. Akur8, Gradient AI, Sixfold, Federato, AIUC, Pibit.AI, and Novee AI all raised capital for underwriting products.
- Claims automation is another active InsurTech market category. Qantev, Reserv, ClaimSorted, Elysian, KnowRisk, MediConCen, ClaimBuddy, and Wisedocs focus on faster and simpler claims processes.
- Embedded insurance continues to attract InsurTech market investment because retailers, banks, software platforms, and digital services want to offer insurance inside existing customer journeys.
- The InsurTech market includes both very large growth rounds and small early-stage investments. Thirty-seven of the collected deals were below $10 million, while 45 deals reached at least $20 million.
- Climate and property risks are creating new InsurTech market opportunities. Arbol, Understory, Sola, Honeycomb Insurance, ResiQuant, and Mantas use data to cover weather, property, and operational risks.
Summary table of the funding deals for the InsurTech market since 2024
We define the InsurTech market as technology products that help insurance companies, brokers, and customers price, sell, manage, or claim policies.
It includes Digital Insurance Brokers, Embedded Insurance Platforms, Claims Automation Software, Underwriting Automation, Usage Based Insurance, and Parametric Insurance.
It excludes broader adjacent markets unless the product is built specifically for this use case.
We focused exclusively on pure players, defined as companies with at least 70–80% of their business directly tied to the InsurTech market.
Our analysis has been done at a global level with a minimum funding threshold of $300k.
If you want a longer-term view, we also have a study of how funding activity in the InsurTech market has changed over the years.
| Name | What they do | Amount in $ | Quarter | Source(s) |
|---|---|---|---|---|
| Alan | Health insurance platform offering preventive care, medical guidance, and AI-powered health support. | $550.0M | Q2 2026 | InsurTech Analyst |
| Corgi Insurance | AI-native commercial insurance platform for startups and other growing business sectors. | $160.0M | Q2 2026 | Corgi Insurance |
| Corgi Insurance | Full-stack insurance carrier and technology infrastructure platform powered by artificial intelligence. | $106.0M | Q2 2026 | Corgi Insurance |
| Pace | AI agents that automate documents, claims, and other insurance operations. | $46.0M | Q2 2026 | Tech Startups |
| Honeycomb Insurance | Digital commercial property insurer for apartment buildings and condominium associations. | $40.0M | Q2 2026 | InsurTech Analyst |
| Yuzu Health | Health insurance administration infrastructure for employers, brokers, and health plan providers. | $35.0M | Q2 2026 | Yuzu Health |
| Novella | AI-powered wholesale broker for excess and surplus commercial insurance. | $21.0M | Q2 2026 | InsurTech Analyst |
| Benefitbay | Individual Coverage HRA platform for insurance brokers, employers, and employees. | $18.0M | Q2 2026 | EIN Presswire |
| Outmarket AI | AI software built for insurance brokerages and insurance workflows. | $17.0M | Q2 2026 | PR Newswire |
| Wopta Assicurazioni | Digital and agent-supported insurance provider for small businesses and professionals. | $5.4M | Q2 2026 | InsurTech Analyst |
| Greenhouse Specialty | Specialty insurance program administrator covering environmental and other niche commercial risks. | $0.75M | Q2 2026 | Coverager |
| Corgi Insurance | Full-stack commercial insurance carrier providing underwriting and claims services for startups. | $108.0M | Q1 2026 | PR Newswire |
| Lassie | Pet insurance platform combining coverage, preventive care, and automated claims. | $75.0M | Q1 2026 | FinTech Global |
| Gyde | AI-native insurance brokerage platform for Medicare, employee benefits, and individual coverage. | $60.0M | Q1 2026 | Gyde Health |
| Indigo | AI-driven medical malpractice insurance platform with automated underwriting. | $50.0M | Q1 2026 | Business Wire |
| Harper | AI-native commercial insurance brokerage for placing complex business risks. | $47.0M | Q1 2026 | TechCrunch |
| ManageMy | Insurance platform for selling, underwriting, servicing, and managing policies. | $45.0M | Q1 2026 | PR Newswire |
| Artificial Labs | Digital broking and underwriting software for specialty and commercial insurance. | $45.0M | Q1 2026 | Business Wire |
| Sixfold | AI underwriting platform for property and casualty insurance companies. | $30.0M | Q1 2026 | Sixfold |
| Fulcrum | AI workflow platform for insurance brokerage operations. | $25.0M | Q1 2026 | Coverager |
| Equal Parts | Platform acquiring and modernizing independent insurance agencies with AI software. | $23.0M | Q1 2026 | Business Wire |
| Pace | AI agents that automate insurance documents, systems, claims, and operational workflows. | $10.0M | Q1 2026 | Coverager |
| Comeryx Insurance | AI-native commercial insurance MGA for small-business excess and surplus coverage. | $7.5M | Q1 2026 | Comeryx |
| General Magic | AI agents that automate work for insurance teams. | $7.2M | Q1 2026 | Life Insurance International |
| Qumis | AI platform for commercial insurance policy analysis and coverage research. | $4.3M | Q1 2026 | Coverager |
| Mantas | Parametric insurance for cloud service outages and digital downtime. | $1.77M | Q1 2026 | InsurTech Analyst |
| Kayna | Embedded business insurance infrastructure for vertical software platforms. | $1.7M | Q1 2026 | FinTech Global |
| Liberate | Agentic AI platform automating insurance operations for carriers and agencies. | $50.0M | Q4 2025 | TechCrunch |
| Federato | RiskOps underwriting platform for insurance companies. | $25.0M | Q4 2025 | Beinsure |
| FurtherAI | AI platform automating administrative and operational insurance workflows. | $25.0M | Q4 2025 | FurtherAI |
| MGT | AI-first commercial insurer for small-business property and casualty coverage. | $21.6M | Q4 2025 | Fintech Global |
| Modern Life | AI-powered life insurance brokerage platform. | $20.0M | Q4 2025 | Crowdfund Insider |
| Anzen | AI-powered commercial insurance distribution platform. | $16.0M | Q4 2025 | PR Newswire |
| IRYS | Insurance infrastructure platform that modernizes core business workflows. | $12.5M | Q4 2025 | Coverager |
| ClaimSorted | Claims operations platform improving insurance claims handling and administration. | $12.4M | Q4 2025 | EU-Startups |
| Advance | Insurance premium banking and payment infrastructure for insurers and MGAs. | $8.55M | Q4 2025 | Coverager |
| Pibit.AI | AI underwriting platform providing a centralized view of insurance risks. | $7.0M | Q4 2025 | Economic Times |
| COVU | AI-native operating system for independent insurance agencies. | $16.0M | Q3 2025 | Fintech Global |
| AIUC | AI underwriting infrastructure for insurance companies. | $15.0M | Q3 2025 | InsurTech Analyst |
| Sola | Data-triggered property insurance for weather and disaster risks. | $8.0M | Q3 2025 | PR Newswire |
| Elysian | AI-driven claims administrator for commercial insurance companies. | $6.0M | Q3 2025 | Life Insurance International |
| Pathwork | AI software helping life insurance brokers analyze cases and protect commissions. | $3.5M | Q3 2025 | Life Insurance International |
| StitchStudio | AI agents for insurance carriers, brokers, and MGAs. | $3.0M | Q3 2025 | IIReporter |
| Novee AI | AI intelligence layer for commercial and specialty insurance underwriting. | $2.1M | Q3 2025 | Coverager |
| Leaf Insurance | Digital insurance broker for business coverage and employee pensions. | $2.0M | Q3 2025 | InsurTech Analyst |
| Yasmina | Embedded insurance platform distributing business and personal coverage in Saudi Arabia. | $2.0M | Q3 2025 | Wamda |
| Marshmallow | Digital car insurer serving migrants and other underserved customers. | $45.0M | Q2 2025 | TechCrunch |
| Steadily | Digital landlord insurance provider. | $30.0M | Q2 2025 | Coverager |
| Reserv | AI-native claims administrator and automation platform for insurance companies. | $25.0M | Q2 2025 | PR Newswire |
| 1Fort | AI-powered software platform built for insurance businesses. | $9.85M | Q2 2025 | Castle Placement |
| InsuranceDekho | Digital insurance marketplace offering quotes, renewals, and claims support. | $70.0M | Q1 2025 | Gallagher Re |
| HDVI | Usage-based commercial vehicle insurance for trucking fleets. | $40.0M | Q1 2025 | Gallagher Re |
| Naked | Digital insurer offering car, home, and single-item coverage. | $37.5M | Q1 2025 | Gallagher Re |
| CompScience | Workers' compensation insurer using safety analytics and computer vision. | $27.6M | Q1 2025 | The Insurer |
| Clearcover | Digital car insurer offering mobile quoting, claims, and policy management. | $26.2M | Q1 2025 | Gallagher Re |
| Parsyl | Cargo insurance platform for perishable goods and pharmaceutical shipments. | $20.0M | Q1 2025 | Gallagher Re |
| CoverForce | Platform connecting commercial insurance carriers with distributors. | $13.0M | Q1 2025 | Life Insurance International |
| Weecover | Embedded insurance integration platform for digital distributors and retailers. | $4.4M | Q1 2025 | Gallagher Re |
| ResiQuant | Property data platform improving insurance submissions and underwriting. | $4.0M | Q1 2025 | Gallagher Re |
| InRev | Automated underwriting platform for construction surety bonds. | $3.8M | Q1 2025 | Gallagher Re |
| KnowRisk | AI claims software that automates letters and improves compliance. | $3.4M | Q1 2025 | Gallagher Re |
| Frontier Risk | Specialized insurance platform for cannabis businesses. | $3.0M | Q1 2025 | Gallagher Re |
| Insurteam | Software that automates insurance claims and administrative work. | $0.8M | Q1 2025 | Gallagher Re |
| Dealer Management Group | Captive insurance platform for automobile dealership risk management. | $0.325M | Q1 2025 | Castle Placement |
| Qantev | AI claims management and cost-reduction platform for health and life insurers. | $32.4M | Q4 2024 | Qantev |
| Stoïk | Cyber-insurance and risk-prevention platform for European small businesses. | $27.0M | Q4 2024 | Stoïk |
| bolttech | Embedded insurance network connecting insurers, distributors, and customers. | $100.0M | Q4 2024 | Fintech Global |
| Alan | Digital health insurer offering insurance and healthcare services to employers and individuals. | $186.8M | Q3 2024 | Alan |
| Akur8 | Machine-learning pricing and reserving software for insurance actuaries. | $120.0M | Q3 2024 | Akur8 |
| Gradient AI | AI underwriting, risk selection, and pricing software for insurance companies. | $56.1M | Q3 2024 | Gradient AI |
| Neat | Embedded insurance platform for retailers and digital businesses. | $32.4M | Q3 2024 | TechCrunch |
| YouSet | Canadian marketplace for comparing and buying home and auto insurance. | $2.59M | Q3 2024 | YouSet |
| Vitesse | Payment and treasury infrastructure for insurance claims. | $93.0M | Q2 2024 | InsurTech Insights |
| Cover Genius | Embedded insurance platform placing protection products inside partner customer journeys. | $80.0M | Q2 2024 | Cover Genius |
| Arbol | Parametric climate insurance using weather data to trigger payouts. | $60.0M | Q2 2024 | Arbol |
| Honeycomb Insurance | AI-driven property insurance platform for landlords and real-estate businesses. | $36.0M | Q2 2024 | TechCrunch |
| Understory | Insurance platform protecting businesses from severe weather and climate risks. | $15.0M | Q2 2024 | PR Newswire |
| CoverTree | Digital insurance provider for manufactured homes. | $13.0M | Q2 2024 | CoverTree |
| Feather | Digital insurance platform helping expatriates buy and manage European coverage. | $6.48M | Q2 2024 | TechCrunch |
| ClaimBuddy | Health insurance claims support platform for hospitals and patients. | $5.0M | Q2 2024 | InsurTech Insights |
| Rainwalk Technology | White-label pet insurance technology and direct insurance distribution platform. | $4.0M | Q2 2024 | Rainwalk Technology |
| hyperexponential | Pricing and underwriting software for specialty and commercial insurers. | $73.0M | Q1 2024 | hyperexponential |
| Hellas Direct | Digital insurer offering motor, property, and climate-related coverage. | $32.4M | Q1 2024 | InsurTech Insights |
| Ansel | Supplemental health insurance platform simplifying claims and financial protection. | $20.0M | Q1 2024 | Business Wire |
| Shepherd | Commercial construction insurance with compliance and risk-management software. | $13.5M | Q1 2024 | FinTech Futures |
| Coverdash | Embedded commercial insurance agency for startups and small businesses. | $13.5M | Q1 2024 | Coverdash |
| Authentic Insurance | Insurance infrastructure for launching captive-style business insurance programs. | $11.0M | Q1 2024 | FirstMark |
| Wisedocs | AI document processing and medical-record summaries for insurance claims. | $9.5M | Q1 2024 | ManchesterStory |
| Loovi | Vehicle tracking, theft protection, warranty, and auto insurance platform. | $9.0M | Q1 2024 | InsurTech Insights |
| Buddy | Insurance software for brokers and carriers with digital accident coverage. | $7.2M | Q1 2024 | Richmond BizSense |
| MediConCen | AI and blockchain platform automating insurance claims. | $6.85M | Q1 2024 | MediConCen |
| Armilla AI | Warranty and risk-transfer products covering artificial intelligence failures. | $4.5M | Q1 2024 | InsurTech Insights |
| Embea | Embedded life insurance checkout infrastructure for digital distributors. | $4.3M | Q1 2024 | InsurTech Insights |
| Indemn | AI conversational platform for insurance shopping and customer support. | $1.9M | Q1 2024 | InsurTech Insights |
| Yurtle | Caregiver support and insurance benefits platform for employers and families. | $1.74M | Q1 2024 | InsurTech Insights |
| CAKE | Marketplace for buying and selling independent insurance agency portfolios. | $1.3M | Q1 2024 | InsurTech Insights |
Related blog posts
- Which companies are the most valued in the InsurTech market?
- Is fundraising strong in the InsurTech market right now?
- Which companies have raised the most funding in the InsurTech market?
- What are the latest fundraising trends in the InsurTech market?
