Topic
Insurtech funding
692 stories · tracked since Aug 6, 2024 · latest Sep 22, 2026
Insurtech funding is the venture capital and private investment that insurance-technology startups raise to build and grow their businesses. Rounds range from small seed checks to late-stage growth rounds, spanning distribution apps, brokers and full-stack carriers that hold underwriting risk themselves.
How a funding round actually works
A startup pitches investors on its market and technology, and those that agree negotiate a term sheet setting a valuation, the size of the stake being sold and who sits on the board afterward. One investor usually leads the round and sets its terms, with others following on the same terms as a syndicate. Rounds are named in sequence — seed, then Series A, B, C and beyond — and the amount raised typically funds product development, hiring, marketing and, for a company that underwrites risk itself, the reserve capital regulators require it to hold.
Why insurance makes it harder than typical fintech
Insurance is capital-intensive and heavily regulated in ways most software categories are not: a company that wants to actually carry risk needs licenses in every jurisdiction it sells in and enough reserve capital to satisfy regulators, which is why many funded startups choose to distribute or underwrite on behalf of an existing carrier instead of becoming one. Pricing risk accurately requires claims history that incumbents have built up over decades, so investors weigh a startup's access to data and distribution as heavily as its software. The recent wave of investment leans toward companies applying AI to claims handling and underwriting rather than simply digitizing a paper process.
Which parts of insurance draw the money
Money moves toward companies that combine an insurance license or partnership with a clear technology angle: AI-driven claims and underwriting tools, brokers and marketplaces that sell health and life cover online, and platforms that embed protection inside another product's checkout. Investors outside the traditional venture world take part too, including corporate insurers backing a startup as a strategic partner rather than a pure financial bet, and private equity funds buying into brokerage platforms. The activity clusters with automation and claims technology on one side and with partnerships and catastrophe-exposed property lines on the other, reflecting where insurers most want outside help.
How the geography of investment differs
In established insurance markets such as the United States, the United Kingdom and Western Europe, investors increasingly back companies applying artificial intelligence to underwriting and claims rather than simply building a new way to buy a policy, since basic digital distribution already exists there. In markets across South Asia, Southeast Asia, Central Europe and Africa, by contrast, a larger share of the money still goes toward building first-time digital access to insurance itself — comparison platforms, mobile-first brokers and partnerships that bring cover to people an incumbent insurer's branch network never reached.
Written by Insurtech Daily from the coverage below.
Looking for the numbers? The insurtech funding tracker has all 230 disclosed rounds in one table — amount, stage, lead investor and source.
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Coverage
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CVC-Backed Home Insurance Firm Bamboo Said to Postpone IPO
Bamboo Insurance Services Inc., a home insurance firm controlled by private equity firm CVC Capital Partners, has postponed its initial public offering, according to people familiar with the matter. The Midvale…
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Snorkel AI raises $350 million
QBE Ventures invested in Snorkel AI in 2024.
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Specialty Insurer Orion180 Falls 2.8% After $240 Million IPO
Orion180 Insurance Group Inc. fell 2.8% in its first day of trading after the company raised $240 million from its initial public offering. The specialty homeowners insurance company’s shares closed at $11.66 each on…
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Y Combinator insurance tech alum Angle Health hits $2.7B valuation
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Insurtech company Luzern Risk raises $45m in Series B round
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Insurtech company Luzern Risk raises $45m in Series B round
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Luzern Risk raises $45 million
The company will use the capital to advance the development of its platform and continue to build out its AI capabilities.
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Insurance Companies Join Letter to Push TPLF Disclosure in Federal Courts
Insurance executives and counsels joined in with those from more than 200 companies that submitted a letter to a federal court rules committee urging the development of a third-party litigation funding (TPLF) disclosure…
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Palette embeds fine-art transit insurance
The insurance program is led by AXA XL.
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Arthur J. Gallagher Acquires Innovise Business Consultants
Arthur J. Gallagher & Co. acquired Englewood, Colorado-based McMillan Insurance & Bonding Inc., dba Innovise Business Consultants. The Innovise Business Consultants team, led by Jason McMillan, will relocate to…
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Danish insurtech Norlix adds $1.5M seed extension from EQT alum, footballer Delaney
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$40m Series A: AIUC raises funding to build insurance and certification infrastructure for AI agents
Artificial Intelligence Underwriting Company (AIUC) has closed a $40m Series A round led by Ribbit Capital, with participation from First Harmonic. Alongside its $15m seed led by NFDG, the round brings its total funding…
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Insurance Companies Join Letter to Push TPLF Disclosure in Federal Courts
Insurance executive and counsels joined in with those from more than 200 companies that submitted a letter to a federal court rules committee urging the development of a third-party litigation funding (TPLF) disclosure…
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Cedar Trace plans $300 million Lloyd’s syndicate
Cedar Trace was established in 2024 and is led by insurance veteran Brian Duperreault.
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AIUC raises $40 million
AIUC is building the insurance, audit, and certification infrastructure needed to bring AI agents into the enterprise world.
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Aon Raises $13.5 Billion From Bond Sale to Fund USI Takeover
Aon Plc raised $13.5 billion from a high-grade bond offering to help fund its planned acquisition of USI Insurance Services, marking one of the biggest M&A financing deals to come to market in 2026. Investors placed as…
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UK insurers hit £22.8bn on their £100bn pledge
The market funding it is already changing shape
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AI can close the $542,000 underinsurance gap agents miss
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Canopius creates Group Analytics function led by Nick Betteridge
Canopius Group, a global specialty and P&C re/insurer, has announced the creation of a Group Analytics function and the appointment of Nick Betteridge as Group Chief Analytics Officer. Betteridge is a member of the…
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Canadian Insurer Sagen Plans to Raise Around C$300 Million
Insurance company Sagen MI Canada Inc. is looking to raise around C$300 million ($216 million) through a bond sale as soon as this week, according to people familiar with the matter. The debt will likely mature in seven…
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Mama Insurance secures a new round of funding, bringing total funding to €2 million
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Fastweb+Vodafone backs Italian insurtech Mama Insurance in new funding round
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Fastweb+Vodafone backs Italian insurtech Mama Insurance in new funding round
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Fastweb+Vodafone backs Italian insurtech Mama Insurance in new funding round
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Brown & Riding Launches Agribusiness Practice
Brown & Riding announced the launch of its new national Agribusiness Practice, a specialty practice area delivering comprehensive insurance solutions for the entire agricultural supply chain. The practice is led by…
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Bamboo Insurance launches IPO seeking up to $700m
Bamboo Insurance Services, Inc. has launched the roadshow for its proposed initial public offering of 35,000,000 shares of its Class A common stock, with the selling stockholders seeking to raise between $630 million…
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Fastweb+Vodafone backs Italian insurtech Mama Insurance in new funding round
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Insurance moves: Carbon Underwriting, Liberty Mutual, Mosaic and 5Star Life
Carbon Underwriting has hired its first dedicated US casualty head with fresh growth capital behind the role, and Mosaic has expanded its finpro team with two new integrated products for digital asset and asset…
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Mistral AI raises €3 bn at more than €21 bn valuation
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Fundcraft raises €12 mn to expand digital fund operations
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HelmGuard raises $7.3 million
The platform serves companies in financial services, insurance, healthcare and industrial sectors.
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Orion180 seeks to raise up to $340m in IPO
Orion180 Insurance, a founder-led, technology-focused, high-growth, high-margin specialty insurance group, has launched the roadshow for its proposed US initial public offering, seeking to raise $300 million to $340…
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Gregg’s E&S insurer Orion180 sets terms for up to $1.7 billion Nasdaq debut
The Florida-based excess and surplus homeowners insurer is testing investor appetite with a huge valuation multiple
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Specialty Insurer Orion180 Seeks to Raise $340 Million in IPO
Orion180 Insurance Group Inc., a specialty homeowners and flood insurer, is seeking to raise as much as $340 million in an initial public offering. The Melbourne, Florida-based company plans to market 20 million shares…
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Aon adds new capability to Risk Analytics Platform to aid risk evaluation
Aon, the insurance and reinsurance broking and professional services firm, has launched a new capability within its Risk Analytics Platform, Underwriting Analytics, designed to help re/insurers evaluate the impact of…
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Payments draw $44.2 bln as AI reshapes fintech funding; insurtech investment falls to $3.7 bln: Report
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Payments draw $44.2 bln as AI reshapes fintech funding; insurtech investment falls to $3.7 bln: Report
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EMEA fintech funding declined in H1
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EQT lands $2 billion swoop for McGill and Partners as private equity's insurance spree rolls on
Swedish buyout giant acquires majority share in London specialty broker from Warburg Pincus in a week that also saw KKR exit USI for a reported $17 billion
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World Insurance Associates picks up another New Jersey agency
World has now acquired at least five named New Jersey agencies since September 2025 - and with Goldman Sachs backing and a $3.4 billion enterprise valuation, the pace is unlikely to slow
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domusIQ launches global underwriting business led by Donald Harrell
domusIQ Inc, an AI-powered analytics platform for commercial real estate, has launched domusIQ Risk Holding (Bermuda), a global risk, advisory and capital services business providing data-led, technology-enabled risk…
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25 years on, London market 9/11 tribute opens routes into insurance
The annual event combines remembrance with funding and mentoring for students building careers in insurance
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Doage Wants to Help African InsurTechs Turn Funding Into Growth.
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Chariot Re raises $700 million to expand life and annuity reinsurance platform
Chariot Re launched in July 2025 and has since reinsured approximately $20 billion of liabilities through three transactions.
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MetLife and General Atlantic-sponsored Chariot Re secures $700m in third capital raise
Chariot Re, the Bermuda-based Class E life and annuity reinsurer co-sponsored by MetLife and General Atlantic, has closed an oversubscribed third capital raise of approximately $700 million in equity and debt financing…
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Adviser firm proves Aviva's adviser platform breached its contract, then gets awarded £1
Lawsuit against big insurer gets… not much
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Alice raises $140M for AI safety and security
Phoenix Insurance is in the mix.
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Moody's sees record ILS capital funding riskier, harder-to-place perils
Record ILS capital and the steepest reinsurance pricing decline in a decade are not contradictory. They are symptoms of the same abundant-capital environment - and the question for the January 2027 renewal is how long…
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Huscarl raises $5.6 million for AI actuarial platform
The company’s platform ingests unstructured data, develops risk models for emerging or unusual exposures, and automates actuarial workflows.
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Columbus insurtech raises $21M for AI health plan shopping
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Beinsure Funding & Investors: $1M Raised, $11M Valuation & AI Strategy
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KKR Scores Windfall in $17 Billion Sale of USI Insurance
KKR & Co. is set to reap a $3.3 billion windfall from its deal to sell USI Insurance Services to Aon Plc for $17 billion, a significant exit for a unit that’s invested its balance sheet in long-term private equity …
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Aon said close to $17bn acquisition of broking group USI from KKR, WSJ reports
Aon is reportedly on the verge of another significant acquisition, as the Wall Street Journal reported on Sunday that the company is close to finalising a deal to acquire USI Insurance Services (USI) said to be worth…
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Battleface raises $1.25 million
Battleface was founded in 2017 and offers travel insurance products to consumers and distribution partners.
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Ensurise raises $3.1 million
Ensurise partners with insurance, risk management and HR advisory firms across Washington, D.C., Maryland and Virginia.
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Exclusive: LA wildfire claims startup Bevel raises $6 million to expand into high-net-worth broking
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Insurtech RockRose Risk raises $12.5 mn Series A for wildfire insurance
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$150m fund: MassMutual Ventures launches Climate Technology Fund II
MassMutual Ventures (MMV) has launched Climate Technology Fund II, a $150m venture capital fund that will invest in early-stage companies using climate technology and artificial intelligence to improve real assets…
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Insurtech RockRose Risk raises $12.5 mn Series A for wildfire insurance
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MassMutual Ventures to launch $150 million Climate Technology Fund II
With the launch of CTF II, MMV has now committed a total of $300 million to invest in climate technology.
Showing the 60 most recent of 692.