Companies in InsurTech
There are 9,593 companies in InsurTech which include ACKO, Digit Insurance, Lemonade, Alan, Oscar. 3,080 companies in InsurTech are funded, with 1,787 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 (3,431), followed by United Kingdom
(1,123), and then India (686).
2026 has seen the creation of 62 InsurTech companies. On average, the last 10 years have seen 379 new companies launched every year. Most number of InsurTech startups have been founded by alumni from Stanford University, Harvard University and Harvard Business School.
Here is a List of top companies in InsurTech
1. ACKO
Provider of car, bike, health, life, and travel insurance policies. It offers various insurance options, including motor, health, life, and travel coverage. The company provides services such as policy renewals, claims filing, and tracking. Additional offerings include car services, used car sales, and facilitating ABHA card creation.
Key facts about ACKO
- Founded Year: 2016
- Location: Bengaluru (India)
- Stage: Series E
- Total Funding till date: $598M
- Investors: Ventureast, Accel and 48 Others
- Latest Funding Round: Series E, Jul 30, 2025, $*****
- Tracxn Score: 85/100 What is this?
- Competitors Rank: 1 of 48 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 35 Others
- Latest Funding Round: Series D, May 04, 2022, $*****
- Tracxn Score: 84/100 What is this?
- Competitors Rank: 2 of 48 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: Sequoia Capital, SoftBank Group and 52 Others
- Latest Funding Round: Post IPO, Jul 02, 2023, $*****
- Tracxn Score: 83/100 What is this?
- Competitors Rank: 1 of 130 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: $863M
- Investors: Index Ventures, Coatue and 30 Others
- Latest Funding Round: Series G, Jun 25, 2026, $*****
- Tracxn Score: 83/100 What is this?
- Competitors Rank: 1 of 11 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, Coatue and 47 Others
- Latest Funding Round: Series D, Dec 17, 2020, $*****
- Tracxn Score: 81/100 What is this?
- Competitors Rank: 3 of 508 Competitors
