About InsurTech
There are 10.2K companies in the InsurTech sector across the world, with 3.11K funded companies having collectively raised $79.7B in venture capital money and private equity. Overall 1.81K of these are Series A+ funded and the sector has seen the creation of 46 Unicorns.
InsurTech sector has seen 904 acquisitions and 200 IPOs. This represents almost 10.8% of all such companies - which is higher than the 4.4% 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 10.2K 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 various insurance policies including car, pet, home, and life | New York City (United States) | 2015 | Public | $644M | |
Provider of platform for comparing and purchasing insurance, loans, and funds | Mumbai (India) | 2015 | Public | $220M | |
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
158 new startups have been founded so far in 2026 in the InsurTech sector. 656 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 | 158 |
2025 | 98 |
2024 | 197 |
2023 | 327 |
2022 | 309 |
2021 | 404 |
2020 | 635 |
2019 | 643 |
2018 | 595 |
2017 | 656 |
Companies founded across countries in the InsurTech sector
United States has 3,605 InsurTech startups, the most by any country, followed by United Kingdom which has 1,164 startups and India which has 708.
- Total Number of Companies
Country | No. of companies |
|---|---|
United States | 3,605 |
United Kingdom | 1,164 |
India | 708 |
Germany | 566 |
Canada | 374 |
France | 270 |
China | 259 |
Australia | 236 |
Brazil | 158 |
Singapore | 146 |
Stage-wise distribution of the InsurTech sector
Out of the total 10,238 InsurTech companies, 3,111 have secured funding. Among them, 1,812 have reached Series A or higher, and 1,460 to Series B or beyond.
Founded - 10,238
Funded - 3,111
Series A+ - 1,812
Series B+ - 1,460
Series C+ - 1,263
Company Stage | No. of companies |
|---|---|
Founded | 10,238 |
Funded | 3,111 |
Series A+ | 1,812 |
Series B+ | 1,460 |
Series C+ | 1,263 |
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- 10.2K+ Total Companies
- $79.7B+ Total Funding
- 3.1K+ Funded Companies
- 195+ IPOs
- 900+ 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 $68.2B in the last 10 years. The most amount of funding was in 2021 at more than $16.4B. There has been a total funding of $3.84B in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $3.84B |
2025 | $5.24B |
2024 | $4.67B |
2023 | $5.83B |
2022 | $8.6B |
2021 | $16.4B |
2020 | $7.98B |
2019 | $6.89B |
2018 | $4.75B |
2017 | $3.94B |
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 - $37.3B. United Kingdom follows with $7.17B and France with $4.83B.
- Total Funding
Country | Total Funding |
|---|---|
United States | $37.3B |
United Kingdom | $7.17B |
France | $4.83B |
India | $3.93B |
China | $3.65B |
Singapore | $1.38B |
Germany | $945M |
Canada | $770M |
Australia | $404M |
Brazil | $357M |
Total funding amount raised by stage in the InsurTech sector
Over the last 10 years, the InsurTech sector have seen $2.94B into Seed Stage funding rounds, $19.9B into Early Stage funding rounds and $31.7B go into Late Stage funding rounds.
Funding Stage | Total Funding |
|---|---|
Late Stage | $31.7B |
Early Stage | $19.9B |
Debt | $8.32B |
Seed Stage | $2.94B |
PE | $2.39B |
Post IPO | $1.41B |
Other-Equity | $81.6M |
Grant | $79.1M |
ICO | $1.57M |
Recent Funding Rounds in InsurTech
In the year 2026, till August 2026, InsurTech companies have raised $3.13B in equity funding across 108 rounds.
In the same period last year (i.e. till August 2025), InsurTech companies had raised $2.4B across 196 rounds.
So, 2026 has seen a 30.58% 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 A | 3669 | Aug 06, 2026 | ||
Series A | 7724 | Aug 05, 2026 | ||
Series A | 5066 | Aug 05, 2026 | ||
Series C | 7941 | Aug 05, 2026 | ||
Series B | 6152 | Jul 31, 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 August 2026, 30 acquisitions happened in InsurTech sector. Last year, in 2025, a total of 81 acquisitions happened in InsurTech sector.
Here are some recent, important acquisitions in InsurTech:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Aug 05, 2026 | ||
Business Acquisition | Aug 05, 2026 | ||
Business Acquisition | Jul 28, 2026 | ||
Business Acquisition | Jul 19, 2026 | - | |
Business Acquisition | Jul 13, 2026 |
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Acquisition trends in InsurTech
Here are the acquisition trends in InsurTech:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 30 |
2025 | 81 |
2024 | 73 |
2023 | 64 |
2022 | 97 |
2021 | 142 |
2020 | 87 |
2019 | 77 |
2018 | 82 |
2017 | 61 |
IPOs in InsurTech
In the year 2026, till June 2026, 2 IPOs happened in InsurTech sector.
Here are some recent, important IPOs in InsurTech:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jun 29, 2026 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Jan 29, 2026 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Dec 23, 2025 | Hong Kong Exchanges (HKG) | |
Nov 05, 2025 | New York Stock Exchange (NYSE) | |
Oct 01, 2025 | New York Stock Exchange (NYSE) |
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 | 70 |
Stanford University | 63 |
University of Pennsylvania | 49 |
Harvard Business School | 45 |
Massachusetts Institute of Technology | 39 |
Columbia University | 31 |
Wharton School | 30 |
University of Chicago | 29 |
University of Oxford | 28 |
University of Cambridge | 27 |
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 | $7.29B |
Harvard Business School | $3.75B |
Massachusetts Institute of Technology | $3.35B |
Stanford University | $2.74B |
University of Pennsylvania | $2.37B |
University of California (Berkeley) | $2.33B |
University of Oxford | $1.98B |
University of Chicago | $1.56B |
Columbia University | $1.43B |
Aalto University | $1.3B |
Top News in InsurTech
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Insurity Partners with Artizent to Enhance Insurance Modernization and Delivery CapabilitiesGlobal Fintech Series•Aug 05, 2026•Insurity, Artizent
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Singlife opens lower-cost healthcare to foodpanda ridersSingapore Business Review•Aug 03, 2026•Singlife, Foodpanda
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Applied Systems Named to CNBC's World's Top Fintech Companies 2026 ListGlobeNewswire•Jul 31, 2026•Applied
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CCC Intelligent Solutions Holdings Inc. Announces Second Quarter 2026 Financial ResultsGlobeNewswire•Jul 30, 2026•CCC
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Monk Launches Cash Forecast 2.0 to Provide Live, Risk-Weighted Cash Flow PredictionsPR Newswire•Jul 29, 2026•Monk AI
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Vertafore Launches Velocity AI Benefit Plan Agent to Automate Benefit Plan SetupGlobal Fintech Series•Jul 28, 2026•Vertafore
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TOPDON USA Partners with Solera to Integrate Identifix Direct-HitAftermarket Matters•Jul 22, 2026•Solera, Topdon
