When was FWD founded?

FWD was founded in 2013 and raised its 1st funding round 8 years after it was founded.

Where is FWD located?

FWD is headquartered in Hong Kong, China.

How many employees does FWD have?

As of Aug 31, 2026, the latest employee count at FWD is 11250.

Is FWD a funded company?

FWD is a funded company, having raised a total of $1.82B across 3 funding rounds to date. The company's 1st funding round was a $1.42B PE round, raised on Dec 14, 2021.

When was the latest funding round of FWD?

FWD's latest funding was a $200M Angel round on Dec 19, 2022, with participation from 1 investor.

Is FWD a Internet First Insurance Platforms company?

The primary sector of FWD is Internet First Insurance Platforms.

Where does FWD rank among its competitors?

FWD ranks 5th amongst 597 active competitors, of which 36 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was ACKO, which secured $57.5M in Jul, 2026.

Who are the top competitors of FWD?

FWD's top competitors include ACKO, Digit Insurance and Lemonade. Among them, ACKO secured the most recent funding round in July, 2026.

FWD - 2026 Company Profile, Team, Funding & Competitors

FWD is a public company based in Hong Kong (China), founded in 2013. It operates as an Online life and health insurance platform for individuals. FWD has raised $1.82B in funding from investors like Li Ka Shing Foundation, Metro Pacific Investments and Swiss Re. The company has 597 active competitors, including 36 funded and 85 that have exited. Its top competitors include companies like ACKO, Digit Insurance and Lemonade.

Sectors and market segments that FWD operate in

FWD serves in the FinTech, InsurTech market segments.The primary business model of FWD are:

Company Details

Online life and health insurance platform for individuals. It offers life insurance, medical insurance, general insurance, employee benefits, and more. It features an online claims platform for the policyholders. It also offers shariah and family takaful insurance.

Website: www.fwd.com/en/
Social
Email ID: *****@fwd.com
Phone Number: +852 **********

Key Metrics

Founded Year

2013

Location

Hong Kong, China

Stage

Public

Total Funding

$1.82B in 3 rounds

Latest Funding Round

Angel, Dec 19, 2022, $200M

Investors

Li Ka Shing Foundation & 11 more

Ranked

5^th among 597 active competitors

Employee Count

11,250 as on Aug 31, 2026

Investment & Acquisitions

Gibraltar BSN & 7 more

Similar Companies

ACKO & 331 more

Exit Details

Public

View FWD's full profile

FWD got listed on Jul 07, 2025.

Click here to take a look at FWD's IPO in detail

FWD has raised a total funding of $1.82B over 3 rounds. Its first funding round was on Dec 14, 2021. Its latest funding round was a Angel round on Dec 19, 2022 for $200M. 1 investor participated in its latest round. FWD has 11 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of FWD:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 19, 2022	$200M	Angel	-	-	-	Richard Li
Jan 19, 2022	$200M	PE	$9B	-	ORIX	Huatai Securities
Dec 14, 2021	$1.42B	PE	-	-	Apollo, Li Ka Shing Foundation, CPP Investments, Swiss Re, Siam Commercial Bank, Pacific Century Group, Metro Pacific Investments	-

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View details of FWD's funding rounds and investors

FWD's employee count trend

FWD has 11,250 employees as of Aug 26. Here is FWD's employee count trend over the years:

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Top competitors of FWD include ACKO, Digit Insurance and Lemonade. Here is the list of Top 10 competitors of FWD, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	ACKO 2016, Bengaluru (India), Series E	Provider of car, bike, health, life, and travel insurance policies	$655M	Multiples Alternate Asset Management, Accel ... & 56 others	84/100
2nd	Digit Insurance 2016, Bengaluru (India), Public	Provider of general and life insurance products across various categories	$462M	Faering Capital, TVS Capital Funds & 35 others	84/100
3rd	Lemonade 2015, New York City (United States), Public	Provider of various insurance policies including car, pet, home, and life	$644M	Sequoia Capital, SoftBank Group & 52 others	83/100
4th	Progressive Insurance 1937, Mayfield Heights (United States), Public	Internet first provider of life, health, auto, home, and business insurance services	-	Venture for America, Vulcan Capital & 1 others	71/100
5th	FWD 2013, Hong Kong (China), Public	Online life and health insurance platform for individuals	$1.82B	Siam Commercial Bank, Li Ka Shing Foundation ... & 10 others	70/100
6th	Allstate 1931, Chicago (United States), Public	Internet first provider of life, property, auto, and business insurance services	-	-	70/100
7th	Macif 1960, Paris (France), Funding Raised	Online platform for life, health, and P&C insurances	-	Europa, ØPP	68/100
8th	ZhongAn Insurance 2013, Shanghai (China), Public	Online insurance platform for individuals	$942M	Morgan Stanley, Sagamore Investment Management ... & 7 others	66/100
9th	AIG 1919, New York City (United States), Public	Internet first provider of life, health, accident & travel insurance services	-	Orbis Investment Management, Interpublic & 2 others	65/100
10th	Aflac 1955, Columbus (United States), Public	Internet first provider of life, vision & dental insurance services	-	OnRamp Insurance Conference, East Peak Capital	62/100

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FWD has made 2 investments in companies including IPP Financial Advisers and HSBC Amanah. FWD has also acquired 6 companies including Gibraltar BSN and Siam City Insurance.

Here is the list of investments & acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Feb 20, 2023	Acquisition	Gibraltar BSN	2014	Kuala Lumpur (Malaysia)
Sep 07, 2020	Investments	IPP Financial Advisers	1983	Singapore (Singapore)
Dec 23, 2019	Acquisition	Siam City Insurance	1948	Chonburi (Thailand)