How many total InsurTech companies are there?

As of Oct 2026, there are 9,610 active companies in InsurTech sector.

Which countries have the most InsurTech companies?

United States (3,927) has the highest number of InsurTech companies, followed by United Kingdom (1,254) and India (763).

How many InsurTech companies are funded?

As of Oct 2026, 3,153 companies in this sector have received funding.

Which company has raised the most funding in InsurTech sector?

As of Oct 2026, Devoted Health has secured $3.82B in funding, making it the highest-funded company in the InsurTech sector.

Which country has attracted the most investment in InsurTech companies?

With $38.6B in total funding, United States has attracted the most investment among InsurTech companies.

Who are the top investors in InsurTech companies?

The top investors in InsurTech companies by number of investments are Plug and Play Tech Center, Y Combinator and InsurTech Directory

How much venture capital has InsurTech sector attracted?

In the last 10 years, venture capital firms have invested $43.9B in this sector.

How many unicorns has InsurTech sector produced?

Globally, there are 48 unicorns in InsurTech sector, to date.

InsurTech - 2026 Market & Investments Trends

There are 11.3K companies in the InsurTech sector across the world, with 3.15K funded companies having collectively raised $81.1B in venture capital money and private equity. Overall 1.83K of these are Series A+ funded and the sector has seen the creation of 48 Unicorns.

InsurTech sector has seen 913 acquisitions and 208 IPOs. This represents almost 9.9% of all such companies - which is higher than the 3.9% exit rate of tech companies in general.

This sector includes companies providing tech-enabled insurance services and IT infrastructure and software 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 industry

Companies excluded in InsurTech sector

Companies offering traditional insurance services like Traditional Insurers, Insurance BPOs, Insurance Distributors, etc.

Key Metrics

Total Companies

11.3K

Top Companies

ACKO, Digit Insurance & more

Total Funding

Funded Companies

Series A+ Companies

Series C+ Companies

Unicorns Created

IPOs

208

Acquisitions

913

Also known as

Insurance Tech or InsureTech

View complete details of this sector

Here is a report related to InsurTech sector:

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Top Business Models in InsurTech Report

Edition: January, 2025 (28 Pages)

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There are more than 11.3K 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
ACKO	Provider of digital insurance products including car, bike, health, life, and travel coverage	Bengaluru (India)	2016	Series E	$743M
Digit Insurance	Provider of general and life insurance products across various categories	Bengaluru (India)	2016	Public	$462M
Lemonade	Provider of various insurance policies including car, pet, home, and life	New York City (United States)	2015	Public	$644M
Turtlemint	Provider of platform for comparing and purchasing insurance, loans, and funds	Mumbai (India)	2015	Public	$220M
Oscar	Provider of health insurance plans offering virtual and in-person medical care	New York City (United States)	2012	Public	$1.63B

Get a longer list of companies

Companies founded year-on-year in the InsurTech sector

201 new startups have been founded so far in 2026 in the InsurTech sector. 669 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	201
2025	203
2024	287
2023	351
2022	338
2021	423
2020	658
2019	660
2018	608
2017	669

Companies founded across countries in the InsurTech sector

United States has 3,927 InsurTech startups, the most by any country, followed by United Kingdom which has 1,254 startups and India which has 763.

Total Number of Companies

Country	No. of companies
United States	3,927
United Kingdom	1,254
India	763
Germany	623
Canada	400
France	299
China	262
Australia	249
Brazil	173
Singapore	152

Stage-wise distribution of the InsurTech sector

Out of the total 11,288 InsurTech companies, 3,153 have secured funding. Among them, 1,833 have reached Series A or higher, and 1,477 to Series B or beyond.

Founded - 11,288

Funded - 3,153

Series A+ - 1,833

Series B+ - 1,477

Series C+ - 1,280

Company Stage	No. of companies
Founded	11,288
Funded	3,153
Series A+	1,833
Series B+	1,477
Series C+	1,280

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11.3K+ Total Companies
$81.1B+ Total Funding
3.1K+ Funded Companies
205+ IPOs
910+ Acquisitions
105+ Reports

Total funding year-on-year in the InsurTech sector

The InsurTech sector saw a total funding of more than $69.8B in the last 10 years. The most amount of funding was in 2021 at more than $16.5B. There has been a total funding of $6.02B in 2026 till date.

Total Funding

Year	Total Funding
2026	$6.02B
2025	$5.24B
2024	$4.72B
2023	$5.85B
2022	$8.34B
2021	$16.5B
2020	$7.5B
2019	$7B
2018	$4.7B
2017	$3.91B

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 - $38.6B. United Kingdom follows with $7.15B and France with $4.77B.

Total Funding

Country	Total Funding
United States	$38.6B
United Kingdom	$7.15B
France	$4.77B
India	$3.8B
China	$3.62B
Singapore	$1.38B
Germany	$935M
Canada	$542M
Australia	$404M
Brazil	$357M

Total funding amount raised by stage in the InsurTech sector

Over the last 10 years, the InsurTech sector have seen $2.58B into Seed Stage funding rounds, $19.8B into Early Stage funding rounds and $33.4B go into Late Stage funding rounds.

Funding Stage	Total Funding
Late Stage	$33.4B
Early Stage	$19.8B
Debt	$8.33B
Seed Stage	$2.58B
PE	$2.39B
Post IPO	$1.41B
Other-Equity	$81.6M
Grant	$80.4M
ICO	$1.57M

Recent Funding Rounds in InsurTech

In the year 2026, till October 2026, InsurTech companies have raised $5.31B in equity funding across 136 rounds. In the same period last year (i.e. till October 2025), InsurTech companies had raised $2.85B across 240 rounds. So, 2026 has seen a 86.32% 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
EBO	Seed	4120	Oct 05, 2026	Olea Venture Partners
Devoted Health	Series G	9472	Oct 01, 2026	-
Frank Insurance AI	Seed	5679	Oct 01, 2026	Armilar Venture Partners and 1 more
Outmarket	Series B	3813	Sep 28, 2026	SignalFire and 4 more
Aniwa	Seed	7816	Sep 25, 2026	-

See a more detailed list of funding rounds

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
Plug and Play Tech Center	Sunnyvale (United States)	Angle, FurtherAI, Hippo and Agentero
Y Combinator	Mountain View (United States)	Cover, Angle, Momento and Zenefits
InsurTech Directory	Berlin (Germany)	Lemonade, Oscar, Cuvva and Policygenius
InsurTech NY	New York City (United States)	Delos, Gradient, Steadily and FutureProof
Insurtech Hub	Esenler (Turkey)	ACKO, Lemonade, Next Insurance and Singlife

See a more detailed list of investors

In the year 2026, till October 2026, 40 acquisitions happened in InsurTech sector. Last year, in 2025, a total of 80 acquisitions happened in InsurTech sector.

Here are some recent, important acquisitions in InsurTech:

Company	Acquisition Type	Acquisition Date	Acquirers
Lemonaid Motor Legal	Business Acquisition	Oct 06, 2026	canfordlaw.co
InsureMyTrip	Business Acquisition	Sep 02, 2026	Ignyte Insurance
Tanel Health	Business Acquisition	Sep 02, 2026	Alan
At-Bay	Business Acquisition	Aug 20, 2026	Munich Re
Omnius	Business Acquisition	Aug 14, 2026	Adesso

See a more detailed list of acquisitions

Acquisition trends in InsurTech

Here are the acquisition trends in InsurTech:

Total Number of Acquisitions

Year	No. of companies
2026	40
2025	80
2024	73
2023	65
2022	97
2021	143
2020	87
2019	77
2018	81
2017	61

In the year 2026, till September 2026, 5 IPOs happened in InsurTech sector.

Here are some recent, important IPOs in InsurTech:

Company	IPO Date	Exchange Symbol
Orion180	Sep 18, 2026	National Association of Securities Dealers Automated Quotations (NASDAQ)
Monvia	Jul 24, 2026	Australian Securities Exchange (ASX)
Baige Online	Jun 29, 2026	Hong Kong Exchanges (HKG)
Turtlemint	Jun 29, 2026	Bombay Stock Exchange (BSE), National Stock Exchange (NSE)
Ethos	Jan 29, 2026	National Association of Securities Dealers Automated Quotations (NASDAQ)

See a more detailed list of IPOs

Companies founded by alumni from top colleges in the InsurTech sector

Most number of InsurTech startups have been founded by alumni from Harvard University, Stanford University and University of Pennsylvania.

College	No. of companies
Harvard University	77
Stanford University	72
University of Pennsylvania	56
Harvard Business School	54
Massachusetts Institute of Technology	48
University of Oxford	33
INSEAD	32
University of California (Berkeley)	31
University of Cambridge	31
Wharton School	31

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. Harvard Business School alumni are second, and Massachusetts Institute of Technology alumni are third.

College	Total Funding
Harvard University	$8.7B
Harvard Business School	$3.76B
Massachusetts Institute of Technology	$3.22B
University of Pennsylvania	$3.07B
Stanford University	$2.84B
University of California (Berkeley)	$2.73B
University of Oxford	$2.06B
Wharton School	$1.79B
Tel Aviv University	$1.75B
Columbia University	$1.63B