About InsurTech
There are 11.1K companies in the InsurTech sector across the world, with 3.42K funded companies having collectively raised $104B in venture capital money and private equity. Overall 2K of these are Series A+ funded and the sector has seen the creation of 51 Unicorns.
InsurTech sector has seen 1K acquisitions and 219 IPOs. This represents almost 11.0% of all such companies - which is higher than the 4.8% exit rate of tech companies in general.
This sector includes companies offering tech-enabled insurance services and IT infrastructure and software solutions for offering and managing insurance services.
InsurTech sector is also known as Insurance Tech, InsureTech or Insurance IT.
Companies included in InsurTech sector
Companies offering tech solutions for customers to purchase and manage their insurance and also software products and data solutions primarily for the insurance industryCompanies excluded in InsurTech sector
Companies offering traditional insurance services like Traditional Insurers, Insurance BPOs, Insurance Distributors, etc.Reports related to InsurTech
Here is a report related to InsurTech sector:
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There are more than 11.1K companies in InsurTech. ACKO is the top InsurTech company globally, ranked using Tracxn Score (what's this?).
Here are 5 of the top InsurTech companies globally:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Provider of car, bike, health, life, and travel insurance policies | Bengaluru (India) | 2016 | Series E | $598M | |
Provider of general and life insurance products across various categories | Bengaluru (India) | 2016 | Public | $462M | |
Provider of health insurance plans offering virtual and in-person medical care | New York City (United States) | 2012 | Public | $1.63B | |
Provider of health insurance, preventative care, and related well-being services | Paris (France) | 2016 | Series F | $863M | |
Provider of protection plans and repair services for gadgets and appliances | Mumbai (India) | 2011 | Series E | $75.9M |
Companies founded year-on-year in the InsurTech sector
6 new startups have been founded so far in 2026 in the InsurTech sector. 728 InsurTech startups were founded in 2017 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 6 |
2025 | 70 |
2024 | 180 |
2023 | 352 |
2022 | 341 |
2021 | 465 |
2020 | 694 |
2019 | 716 |
2018 | 659 |
2017 | 728 |
Companies founded across countries in the InsurTech sector
United States has 4,038 InsurTech startups, the most by any country, followed by United Kingdom which has 1,336 startups and India which has 737.
- Total Number of Companies
Country | No. of companies |
|---|---|
United States | 4,038 |
United Kingdom | 1,336 |
India | 737 |
Germany | 722 |
Canada | 425 |
France | 278 |
China | 273 |
Australia | 268 |
Brazil | 172 |
Singapore | 160 |
Stage-wise distribution of the InsurTech sector
Out of the total 11,106 InsurTech companies, 3,419 have secured funding. Among them, 1,998 have reached Series A or higher, and 1,611 to Series B or beyond.
Founded - 11,106
Funded - 3,419
Series A+ - 1,998
Series B+ - 1,611
Series C+ - 1,397
Company Stage | No. of companies |
|---|---|
Founded | 11,106 |
Funded | 3,419 |
Series A+ | 1,998 |
Series B+ | 1,611 |
Series C+ | 1,397 |
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- 11.1K+ Total Companies
- $104B+ Total Funding
- 3.4K+ Funded Companies
- 215+ IPOs
- 1K+ Acquisitions
- 105+ Reports
Funding Trends in the InsurTech sector
Total funding year-on-year in the InsurTech sector
The InsurTech sector saw a total funding of more than $88.9B in the last 10 years. The most amount of funding was in 2021 at more than $21.7B. There has been a total funding of $1.82B in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $1.82B |
2025 | $8.07B |
2024 | $5.15B |
2023 | $6.26B |
2022 | $10B |
2021 | $21.7B |
2020 | $8.61B |
2019 | $11.5B |
2018 | $9.58B |
2017 | $6.22B |
Total funding across countries in the InsurTech sector
In the last 10 years, InsurTech startups in United States have recieved the highest funding among all countries - $53.9B. United Kingdom follows with $7.5B and China with $6.03B.
- Total Funding
Country | Total Funding |
|---|---|
United States | $53.9B |
United Kingdom | $7.5B |
China | $6.03B |
France | $4.84B |
India | $4.08B |
Switzerland | $1.86B |
Singapore | $1.36B |
Germany | $1.13B |
Canada | $847M |
Brazil | $352M |
Total funding amount raised by stage in the InsurTech sector
Over the last 10 years, the InsurTech sector have seen $3.19B into Seed Stage funding rounds, $23.6B into Early Stage funding rounds and $41.8B go into Late Stage funding rounds.
Funding Stage | Total Funding |
|---|---|
Late Stage | $41.8B |
Early Stage | $23.6B |
Debt | $14.3B |
Seed Stage | $3.19B |
PE | $2.39B |
Post IPO | $2.1B |
Other-Equity | $81.6M |
Grant | $62.9M |
ICO | $1.57M |
Recent Funding Rounds in InsurTech
In the year 2026, till April 2026, InsurTech companies have raised $1.66B in equity funding across 51 rounds.
In the same period last year (i.e. till April 2025), InsurTech companies had raised $1.13B across 102 rounds.
So, 2026 has seen a 47.37% rise in funding in InsurTech companies as compared to 2025.
Here are some recent, important funding rounds in InsurTech:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series E | 7861 | Apr 09, 2026 | ||
Series A | 6746 | Apr 06, 2026 | ||
Series C | 8847 | Apr 01, 2026 | ||
Series C | 7232 | Apr 01, 2026 | ||
Seed | 4230 | Mar 31, 2026 | and 3 more |
Top Investors in InsurTech
Plug and Play Tech Center is the top investor in InsurTech companies based on number of companies invested.
Here are some top investors in InsurTech:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
Mountain View (United States) | ||
Berlin (Germany) | ||
New York City (United States) | ||
Esenler (Turkey) |
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M&A activity in InsurTech
In the year 2026, till March 2026, 15 acquisitions happened in InsurTech sector. Last year, in 2025, a total of 98 acquisitions happened in InsurTech sector.
Here are some recent, important acquisitions in InsurTech:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Mar 24, 2026 | ||
Business Acquisition | Mar 19, 2026 | ||
Business Acquisition | Mar 17, 2026 | ||
Business Acquisition | Mar 17, 2026 | ||
Business Acquisition | Mar 11, 2026 |
Acquisition trends in InsurTech
Here are the acquisition trends in InsurTech:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 15 |
2025 | 98 |
2024 | 85 |
2023 | 74 |
2022 | 116 |
2021 | 159 |
2020 | 91 |
2019 | 84 |
2018 | 88 |
2017 | 65 |
IPOs in InsurTech
In the year 2026, till January 2026, 1 IPO happened in InsurTech sector.
Here are some recent, important IPOs in InsurTech:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jan 29, 2026 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Nov 05, 2025 | New York Stock Exchange (NYSE) | |
Oct 01, 2025 | New York Stock Exchange (NYSE) | |
Sep 19, 2025 | SIX Swiss Exchange (SIX) | |
Jul 07, 2025 | Hong Kong Exchanges (HKG) |
Colleges which produce the most InsurTech companies
Companies founded by alumni from top colleges in the InsurTech sector
Most number of InsurTech startups have been founded by alumni from Stanford University, Harvard University and Harvard Business School.
College | No. of companies |
|---|---|
Stanford University | 95 |
Harvard University | 90 |
Harvard Business School | 71 |
University of Pennsylvania | 67 |
Massachusetts Institute of Technology | 63 |
University of Oxford | 43 |
INSEAD | 41 |
University of Cambridge | 41 |
Columbia University | 38 |
University of Chicago | 33 |
Total funding in companies founded by alumni from top colleges in the the InsurTech sector
In the last 10 years, Harvard University graduates' InsurTech companies have raised the most funding among top colleges. Massachusetts Institute of Technology alumni are second, and Stanford University alumni are third.
College | Total Funding |
|---|---|
Harvard University | $7.75B |
Massachusetts Institute of Technology | $5.6B |
Stanford University | $4.36B |
Harvard Business School | $4.12B |
University of Pennsylvania | $3.25B |
Universitat Politècnica de Catalunya | $2.56B |
University of Oxford | $2.38B |
University of Chicago | $2.3B |
University of California (Berkeley) | $2.13B |
INSEAD | $2.03B |
Top News in InsurTech
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Acrisure accelerates AI-driven transformation across its core fintech and insurance operationsInsurance Business America•Apr 15, 2026•Acrisure
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Trend Toward Cloud-native Core Insurance Platforms Boosts Duck Creek AdoptionBusiness Wire•Apr 09, 2026•Duck Creek
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Duck Creek Launches Duck Creek Reinsurance with Active DeliveryWebDisclosure•Apr 08, 2026•Duck Creek
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World Insurance aligns AI investment with measurable outcomes and operational scalabilityInsurance Business America•Mar 31, 2026•World Insurance Associates
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GoHealth Prioritizes Consumer Fit; Reports Full Year 2025 ResultsGlobeNewswire•Mar 31, 2026•GoHealth
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