Companies in InsurTech
There are 11,545 companies in InsurTech which include ACKO, Digit Insurance, Lemonade, Alan, Oscar. 3,192 companies in InsurTech are funded, with 1,832 having secured Series A funding. Till date, the sector has seen the creation of 49 Unicorns. United States has the most number of companies in InsurTech (3,975), followed by United Kingdom
(1,261), and then India (832).
2026 has seen the creation of 217 InsurTech companies. On average, the last 10 years have seen 453 new companies launched every year. Most number of InsurTech startups have been founded by alumni from Harvard University, Stanford University and University of Pennsylvania.
Here is a List of top companies in InsurTech
1. ACKO
Digital insurance platform offering car, bike, health, life, and travel insurance. Its platform enables customers to discover, compare, purchase, and manage insurance policies through digital channels, with features such as simplified pricing, rapid claims processing, cashless vehicle repairs, and 24/7 customer support. It also offers technology-enabled services such as vehicle insights, traffic fine payments, FASTag alerts, pollution certificate reminders, health emergency assistance, and policy analysis. Additionally, its digital automotive platform supports vehicle discovery, comparison, and online bookings.
Key facts about ACKO
- Founded Year: 2016
- Location: Bengaluru (India)
- Stage: Series E
- Total Funding till date: $661M
- Investors: General Atlantic, Ventureast and 60 Others
- Latest Funding Round: Series E, Jul 10, 2026, $*****
- Tracxn Score: 85/100 What is this?
- Competitors Rank: 1 of 51 Competitors
Provider of general and life insurance products across various categories. It offers car, bike, health, property, travel, and business insurance, alongside term life, savings, retirement, and group life insurance plans. The company facilitates claims processing, policy renewals, and provides resources such as calculators, guides, and transparency reports. It also offers opportunities to become an agent for its insurance products.
Key facts about Digit Insurance
- Founded Year: 2016
- Location: Bengaluru (India)
- Stage: Public
- Total Funding till date: $462M
- Investors: Faering Capital, Fairfax Financial Holdings and 37 Others
- Latest Funding Round: Series D, May 04, 2022, $*****
- Tracxn Score: 84/100 What is this?
- Competitors Rank: 2 of 51 Competitors
3. Lemonade
Provider of various insurance policies including car, pet, home, and life. The company offers different types of insurance coverage through its platform. It provides options for renters, homeowners, and pet owners, as well as term life insurance. The platform also offers resources such as a blog, frequently asked questions, and an insurance dictionary.
Key facts about Lemonade
- Founded Year: 2015
- Location: New York City (United States)
- Stage: Public
- Total Funding till date: $644M
- Investors: General Catalyst, Sequoia Capital and 52 Others
- Latest Funding Round: Post IPO, Jul 02, 2023, $*****
- Tracxn Score: 83/100 What is this?
- Competitors Rank: 1 of 133 Competitors
4. Alan
Platform offering health insurance, preventative care, and related well-being services. The company offers health coverage options for businesses of various sizes, including start-ups, small to medium-sized enterprises, and large corporations. It also provides plans for individuals, such as self-employed workers and retirees. The offerings include digital tools and resources designed to improve health outcomes and streamline administrative tasks related to healthcare benefits.
Key facts about Alan
- Founded Year: 2016
- Location: Paris (France)
- Stage: Series G
- Total Funding till date: $1.32B
- Investors: Index Ventures, Partech Partners and 30 Others
- Latest Funding Round: Series G, Jun 25, 2026, $*****
- Tracxn Score: 82/100 What is this?
- Competitors Rank: 1 of 261 Competitors
5. Oscar
Provider of health insurance plans offering virtual and in-person medical care. The organization facilitates access to prescription medications and virtual urgent care services. It offers resources such as a care team and a network of doctors. The entity provides options for individuals, families, and businesses seeking health coverage.
Key facts about Oscar
- Founded Year: 2012
- Location: New York City (United States)
- Stage: Public
- Total Funding till date: $1.63B
- Investors: Founders Fund, General Catalyst and 47 Others
- Latest Funding Round: Series D, Dec 17, 2020, $*****
- Tracxn Score: 81/100 What is this?
- Competitors Rank: 3 of 1,350 Competitors
