About InsurTech
There are 11.5K companies in the InsurTech sector across the world, with 3.19K funded companies having collectively raised $81.9B in venture capital money and private equity. Overall 1.83K of these are Series A+ funded and the sector has seen the creation of 49 Unicorns.
InsurTech sector has seen 920 acquisitions and 202 IPOs. This represents almost 9.7% of all such companies - which is higher than the 3.8% 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 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:
View all reports related to InsurTech. Sign up today!Top Companies in InsurTech
There are more than 11.5K 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 |
|---|---|---|---|---|---|
Digital insurance platform offering car, bike, health, life, and travel insurance | Bengaluru (India) | 2016 | Series E | $661M | |
Provider of general and life insurance products across various categories | Bengaluru (India) | 2016 | Public | $462M | |
Provider of various insurance policies including car, pet, home, and life | New York City (United States) | 2015 | Public | $644M | |
Platform offering health insurance, preventative care, and related well-being services | Paris (France) | 2016 | Series G | $1.32B | |
Provider of health insurance plans offering virtual and in-person medical care | New York City (United States) | 2012 | Public | $1.63B |
Companies founded year-on-year in the InsurTech sector
217 new startups have been founded so far in 2026 in the InsurTech sector. 672 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 | 217 |
2025 | 251 |
2024 | 319 |
2023 | 357 |
2022 | 343 |
2021 | 429 |
2020 | 667 |
2019 | 667 |
2018 | 609 |
2017 | 672 |
Companies founded across countries in the InsurTech sector
United States has 3,975 InsurTech startups, the most by any country, followed by United Kingdom which has 1,261 startups and India which has 832.
- Total Number of Companies
Country | No. of companies |
|---|---|
United States | 3,975 |
United Kingdom | 1,261 |
India | 832 |
Germany | 631 |
Canada | 402 |
France | 303 |
China | 265 |
Australia | 256 |
Brazil | 177 |
Singapore | 152 |
Stage-wise distribution of the InsurTech sector
Out of the total 11,545 InsurTech companies, 3,192 have secured funding. Among them, 1,832 have reached Series A or higher, and 1,480 to Series B or beyond.
Founded - 11,545
Funded - 3,192
Series A+ - 1,832
Series B+ - 1,480
Series C+ - 1,280
Company Stage | No. of companies |
|---|---|
Founded | 11,545 |
Funded | 3,192 |
Series A+ | 1,832 |
Series B+ | 1,480 |
Series C+ | 1,280 |
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- 11.5K+ Total Companies
- $81.9B+ Total Funding
- 3.2K+ Funded Companies
- 200+ IPOs
- 915+ 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 $70.6B 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 $6.78B in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $6.78B |
2025 | $5.26B |
2024 | $4.74B |
2023 | $5.83B |
2022 | $8.33B |
2021 | $16.5B |
2020 | $7.49B |
2019 | $6.95B |
2018 | $4.68B |
2017 | $4.02B |
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 - $38.8B. United Kingdom follows with $7.15B and France with $5.19B.
- Total Funding
Country | Total Funding |
|---|---|
United States | $38.8B |
United Kingdom | $7.15B |
France | $5.19B |
China | $3.62B |
India | $3.44B |
Switzerland | $1.85B |
Singapore | $1.38B |
Germany | $935M |
Canada | $541M |
Australia | $404M |
Total funding amount raised by stage in the InsurTech sector
Over the last 10 years, the InsurTech sector have seen $2.6B into Seed Stage funding rounds, $19.9B into Early Stage funding rounds and $33.8B go into Late Stage funding rounds.
Funding Stage | Total Funding |
|---|---|
Late Stage | $33.8B |
Early Stage | $19.9B |
Debt | $8.33B |
Seed Stage | $2.6B |
PE | $2.39B |
Post IPO | $1.4B |
Other-Equity | $81.6M |
Grant | $80.4M |
ICO | $1.57M |
Recent Funding Rounds in InsurTech
In the year 2026, till November 2026, InsurTech companies have raised $6.07B in equity funding across 147 rounds.
In the same period last year (i.e. till November 2025), InsurTech companies had raised $3.14B across 256 rounds.
So, 2026 has seen a 93.26% 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 B | 8875 | Nov 05, 2026 | ||
Seed | 8171 | Oct 26, 2026 | ||
Series A | 9741 | Oct 21, 2026 | - | |
Seed | 5325 | Oct 20, 2026 | ||
Series B | 2326 | Oct 19, 2026 |
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) | ||
Esenler (Turkey) | ||
New York City (United States) |
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M&A activity in InsurTech
In the year 2026, till November 2026, 46 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 |
|---|---|---|---|
Business Acquisition | Nov 03, 2026 | ||
Business Acquisition | Oct 28, 2026 | ||
Business Acquisition | Oct 27, 2026 | ||
Business Acquisition | Oct 26, 2026 | ||
Business Acquisition | Oct 15, 2026 |
Acquisition trends in InsurTech
Here are the acquisition trends in InsurTech:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 46 |
2025 | 80 |
2024 | 73 |
2023 | 65 |
2022 | 97 |
2021 | 143 |
2020 | 88 |
2019 | 77 |
2018 | 81 |
2017 | 61 |
IPOs in InsurTech
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 |
|---|---|---|
Sep 18, 2026 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Jul 24, 2026 | Australian Securities Exchange (ASX) | |
Jun 29, 2026 | Hong Kong Exchanges (HKG) | |
Jun 29, 2026 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Jan 29, 2026 | National Association of Securities Dealers Automated Quotations (NASDAQ) |
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 Harvard University, Stanford University and University of Pennsylvania.
College | No. of companies |
|---|---|
Harvard University | 76 |
Stanford University | 72 |
University of Pennsylvania | 56 |
Harvard Business School | 54 |
Massachusetts Institute of Technology | 49 |
University of Oxford | 33 |
INSEAD | 32 |
University of California (Berkeley) | 31 |
University of Cambridge | 31 |
Columbia University | 30 |
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 | $8.68B |
Harvard Business School | $3.76B |
Massachusetts Institute of Technology | $3.31B |
University of Pennsylvania | $3.13B |
Stanford University | $2.84B |
University of California (Berkeley) | $2.82B |
University of Oxford | $2.1B |
Wharton School | $1.77B |
Tel Aviv University | $1.75B |
Columbia University | $1.63B |
Top News in InsurTech
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CCC Intelligent GAAP EPS of $0.05 beats by $0.01, revenue of $294.1M beats by $3.49M (CCC:NASDAQ)Seeking Alpha•Oct 29, 2026•CCC
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Insurwave Relaunches Dynamic Risk Platform with AI-Powered UpdatesReinsurance News•Oct 28, 2026•Insurwave
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iPipeline Introduces Next-Generation Professional Services Model to Drive Technology Adoption ROIBusiness Wire•Oct 28, 2026•iPipeline
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PERILS and CatIQ Release Updated Industry Loss Estimates for Severe Convective StormsReinsurance News•Oct 21, 2026•CatIQ
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Prima Assicurazioni Appoints Sofia Goggia as Brand Ambassador Until 2028Brand News Today•Oct 20, 2026•Prima Assicurazioni
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ReSource Pro Recognized as a 2026 Inc. Power Partner Award WinnerBusiness Wire•Oct 20, 2026•ReSource Pro
