Topic
Insurtech funding
861 stories · tracked since Aug 6, 2024 · latest Nov 6, 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 269 disclosed rounds in one table — amount, stage, lead investor and source.
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Coverage
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Aon establishes North American Healthcare unit led by Nick Gaudiosi
Aon, a global insurance and reinsurance broker and risk adviser, has launched a North America Healthcare vertical within its Risk Capital business, led by Nick Gaudiosi. The division will serve US health systems…
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Global Insurtech Funding Falls 44.6% in Third Quarter, Gallagher Re Reports
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IA Capital Group secures backing from QBE for new fintech and insurtech investment fund
IA Capital Group, a New York-based venture capital investment firm focused on financial technology and insurance technology, has confirmed the first close of its Inter-Atlantic Opportunity Fund I. The investment…
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Insurtech funding slumps 45% in Q3 as mega-rounds dry up
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Kalepa raises $75m to scale AI across insurance
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SC Ventures and SBI join Soter Insure’s Series B
Soter is a specialist insurer focused on digital assets.
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Insurtech funding falls in Q3, but market still expanding
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Global InsurTech funding fell 44.6% to $1.36bn in Q3’26: Gallagher Re
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Q3 global insurtech funding drops 44.6%: Gallagher Re
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Global InsurTech funding fell 44.6% to $1.36bn in Q3’26: Gallagher Re
Reinsurance broker Gallagher Re’s latest Global InsurTech Report found that global InsurTech funding fell 44.6% to $1.36 billion in Q3 2026 compared with the previous quarter, driven by a reduction in mega-round…
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Insurtech Kalepa raises $75 mn in Series B at $470 mn valuation to expand insurance AI platform
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Lazarus AI raises $43 mn with backing from QBE and State Farm Ventures
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Five years after its Series A, insurance AI startup Kalepa raises $75M at $470M valuation
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AI-Powered Insurance Startup Kalepa Valued at $470M in New Funding Round
Insurance startup Kalepa on Oct. 5 said it raised $75 million at a $470 million valuation, as investors bet that AI solutions can speed up the slow, data-heavy work of pricing risk and writing policies. Growth equity…
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Kalepa raises $75m to expand AI underwriting platform
Insurance AI firm Kalepa has raised $75 million in Series B funding at a $470 million valuation, as it looks to expand its AI platform across the insurance value chain and into new markets.
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Munich Re Ventures-backed Sentra raises $150 million
Its customers include Munich Re, Frontline Insurance and Lyft.
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Tanzania Secures $997,000 AfDB Grant to Expand Climate Insurance for Farmers
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German AI startup Conlio raises €6.4 mn to automate freight finance
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Fintech Crediflow AI raises £1.5 mn to automate commercial loan processing
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Vantage Launches Facultative Reinsurance Business, Names Pickard as President
Vantage Group Holdings Ltd., the Bermuda-based re/insurer, announced the launch of its Facultative Reinsurance line of business, led by industry executive Lisa Pickard, who has joined Vantage as president of Facultative…
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Startup Granter raises €1.6 mn to expand AI platform for European funding
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Vantage hires Lisa Pickard to lead new Fac reinsurance business
Vantage Group Holdings Ltd., a specialty insurance and reinsurance business, has launched a new Facultative Reinsurance line of business, led by industry executive Lisa Pickard as President. Reporting directly to…
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Vantage Launches Facultative Reinsurance Business, Names Pickard as President
Vantage Group Holdings Ltd., the Bermuda-based re/insurer, announced the launch of its Facultative Reinsurance line of business, led by industry executive Lisa Pickard, who has joined Vantage as president of Facultative…
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Collective raises $100 million
The funding will be used to accelerate Collective's product development in banking and insurance.
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OPay withdraws planned $304m US IPO after regulatory inquiry
OPay Limited has announced that it will be terminating its underwriting agreement and shelving plans for an initial public offering (IPO) on the New York Stock Exchange (NYSE) following a regulatory inquiry in a foreign…
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Meta Platforms (META) stock price forecast: AI funding and dilution risks after Q3 earnings
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Fintech Lovey secures up to £250 mn SME lending facility from Pollen Street
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Fintech Wealthsimple secures C$425 mn funding at C$13.8 bn valuation
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Barclays Turns to Insurers to Hedge Billions of Data Center Debt
Barclays Plc is looking to buy default protection on more than $10 billion of debt to finance artificial intelligence infrastructure in a bid to create capacity for more lending as hyperscaler funding needs soar. The…
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Fintech Hyphenate raises $45 mn Series A to expand autonomous finance AI
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Ravical raises $17 million
Ravical sells AI software that helps accounting firms review client files.
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CoverGo raises $6m Series B1 to scale AI insurance platform
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Barclays Turns to Insurers to Hedge Billions of Data Center Debt
Barclays Plc is looking to buy default protection on more than $10 billion of debt to finance artificial intelligence infrastructure in a bid to create capacity for more lending as hyperscaler funding needs soar. The…
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Insurtech CoverGo raises $6 mn in Series B1 funding to expand AI insurance platform
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Avante targets rising insurance costs with $30m funding
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PolicyMe launches AI underwriting copilot
The company says it has helped more than 50,000 Canadians secure over $20 billion in coverage.
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Avante raises $30 million Series A
The company develops AI tools that help employers analyze benefits documents.
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Aon’s debt nearly doubles as USI close approaches
Strong organic growth masks a balance sheet in transition as Aon prepares to close its $17 billion acquisition of USI Insurance Services
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UK's booming centenarian population is outpacing the insurance industry's care funding plans
Insurers and pension providers are pricing for longer lives, but the harder question - who funds the care at the end of them - remains unanswered
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Luva, backed by EverQuote, launches AI-powered insurance comparison platform
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‘A little too London-centric’ - insurance’s dementia campaign looks beyond the Square Mile
With more than £13m raised, Insurance United Against Dementia wants regional brokers, reinsurers and life and protection firms to play a bigger part in its next phase
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Fruga Secures £1m to Expand `Insurance Credits' Concept -
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Health Insurance Market Targets US$ 4.35 Billion by 2033 as
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Slingshot Insurance raises $27 mn to expand AI-native embedded insurance
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Insurtech Marrow raised £1.49 mn in pre-seed to connect AI agents with insurance systems
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Manchester insurtech closes £1m debut funding round
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Marrow raises $2m to bring AI agents into insurance sales
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Insurtech Fruga secures £1 mn funding to expand open banking insurance rewards
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A total of $541m was raised this week across 16 FinTech deals
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Atlian raises pre-seed funding for construction insurance software
The company plans to onboard its first brokers in November.
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The Happy Camper raises $2.5 million
The Happy Camper plans to extend its technology and service infrastructure into marine and powersports.
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A CIA backed Silicon Valley startup has just raised $200m for gene-edited dogs
Could anyone actually insure one?
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Slingshot Insurance Emerges From Stealth With $27 Million Seed Funding Co-Led By Rally Ventures And Skyward Group
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Slingshot raises $27 million to build embedded insurance for checkout policies
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Verve launches US mid-market professions unit led by Jason Clark
Verve Risk Services (Verve), a specialist underwriting agency, has launched Verve Professions, a new unit expanding the firm’s mid-market errors and omissions (E&O) offerings to include architects, engineers, law firms…
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Slingshot Insurance Raises $27M in Seed Funding
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Slingshot Insurance raises $27 million seed round to expand embedded insurance platform
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Slingshot Insurance raises $27 million
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Slingshot Insurance raises $27 million
Vertical Insure is an early customer and design partner.
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Slingshot Insurance Emerges from Stealth with $27 Million Seed Investment to Build AI-Native Infrastructure for Embedded Insurance
Showing the 60 most recent of 861.