Companies in InsurTech
There are 10,238 companies in InsurTech which include ACKO, Digit Insurance, Lemonade, Turtlemint, Oscar. 3,111 companies in InsurTech are funded, with 1,812 having secured Series A funding. Till date, the sector has seen the creation of 46 Unicorns. United States has the most number of companies in InsurTech (3,605), followed by United Kingdom
(1,164), and then India (708).
2026 has seen the creation of 158 InsurTech companies. On average, the last 10 years have seen 402 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
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, Multiples Alternate Asset Management and 47 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: SoftBank Group, XL Innovate and 52 Others
- Latest Funding Round: Post IPO, Jul 02, 2023, $*****
- Tracxn Score: 83/100 What is this?
- Competitors Rank: 1 of 132 Competitors
4. Turtlemint
Provider of platform for comparing and purchasing insurance, loans, and funds. It offers tools for advisors to manage clients and grow their businesses. The platform provides access to insurance, investment, and credit products. It also delivers training and support for advisors, including product information and sales skills development. The platform further offers solutions for banks, e-commerce businesses, and insurers.
Key facts about Turtlemint
- Founded Year: 2015
- Location: Mumbai (India)
- Stage: Public
- Total Funding till date: $220M
- Investors: Peak XV Partners, American Family Ventures and 15 Others
- Latest Funding Round: Series E, Apr 29, 2022, $*****
- Tracxn Score: 82/100 What is this?
- Competitors Rank: 1 of 997 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: 2 of 509 Competitors
