70 Top InsurTech Startups Impacting The Industry in [2023]

Top Startups
70 Top InsurTech Startups Impacting The Industry in [2023]

Have you ever wondered who is on the list of InsurTech Companies with the highest growth rates?

You’re not alone.

There are hundreds of InsurTech Companies found there, and keeping track of the hottest new startups can be challenging.

But don’t worry, we’ve got you covered. Here are the top 70 fast-growing InsurTech Startups that have top-tier venture capital funding.

What are InsurTech Startups?

InsurTech startups are companies that use technology to improve the insurance industry. They use innovative and cutting-edge technology such as Artificial Intelligence, Big Data, and the Internet of Things to develop new products and services, automate processes, and create better customer experiences. 

These startups are often founded by entrepreneurs who have a passion for improving the insurance industry and are working to make it more efficient and accessible.

Top 70 Fastest-Growing Startups In InsurTech

1) Ethos

Ethos Life is a life insurance company that offers modern and ethical policies to protect people’s lives.

Details of the startup:

  • Country: United States
  • City: San Francisco
  • Started in: 2016
  • Founders: Lingke Wang, Peter Colis
  • Number of employees: 101-250
  • Funding amount: $306,500,000
  • Number of funding rounds: 6
  • Number of investors: 15

You can find their website here.

2) Bright Health

Bright Health is working on a health insurance platform that will provide a high-quality healthcare experience.

Details of the startup:

  • Country: United States
  • City: Minneapolis
  • Started in: 2015
  • Founders: Kyle Rolfing, Robert John Sheehy, Tom Valdivia
  • Number of employees: 501-1000
  • Funding amount: $1,575,000,000
  • Number of funding rounds: 5
  • Number of investors: 17

You can find their website here.

3) Shift Technology

For the worldwide insurance sector, Shift Solutions provides AI-driven decision automation and optimization technology.

Details of the startup:

  • Country: France
  • City: Paris
  • Started in: 2013
  • Founders: David Durrleman, Eric Sibony, Jeremy Jawish
  • Number of employees: 251-500
  • Funding amount: $319,987,263
  • Number of funding rounds: 9
  • Number of investors: 10

You can find their website here.

4) wefox

Wefox is a digital insurance firm that uses technology to reinvent insurance at scale in order to keep people safe and prevent danger.

Details of the startup:

  • Country: Germany
  • City: Berlin
  • Started in: 2015
  • Founders: Dario Fazlic, Fabian Wesemann, Jonathan Seoane, Julian Teicke, Teodoro Martino
  • Number of employees: 501-1000
  • Funding amount: $918,500,000
  • Number of funding rounds: 6
  • Number of investors: 38

You can find their website here.

5) Cowbell Cyber

Cowbell Cyber offers continuous risk assessment and cyber insurance powered by AI.

Details of the startup:

  • Country: United States
  • City: Pleasanton
  • Started in: 2019
  • Founders: Jack Kudale, Prab Reddy, Rajeev Gupta, Trent Cooksley
  • Number of employees: 51-100
  • Funding amount: $23,600,000
  • Number of funding rounds: 2
  • Number of investors: 8

You can find their website here.

6) Jerry

Jerry is a car ownership super app driven by AI, machine learning, and bots that puts answers at your fingertips and savings in your wallet.

Details of the startup:

  • Country: United States
  • City: Palo Alto
  • Started in: 2017
  • Founders: Art Agrawal, Lina Zhang, Musawir Shah
  • Number of employees: 101-250
  • Funding amount: $28,000,000
  • Number of funding rounds: 3
  • Number of investors: 36

You can find their website here.

7) Betterfly

Betterfly is a mission-driven benefits platform that rewards good behavior with charity donations and free life insurance.

Details of the startup:

  • Country: Chile
  • City: Santiago
  • Started in: 2018
  • Founders: Cristobal della Maggiora, Eduardo della Maggiora
  • Number of employees: 101-250
  • Funding amount: $77,501,000
  • Number of funding rounds: 5
  • Number of investors: 12

You can find their website here.

8) Kin Insurance

Kin Insurance is an insurtech firm that specializes in providing customized house insurance policies.

Details of the startup:

  • Country: United States
  • City: Chicago
  • Started in: 2016
  • Founders: Lucas Ward, Sean Harper, Sebastian Villarreal, Stephen Wooten
  • Number of employees: 101-250
  • Funding amount: $156,164,957
  • Number of funding rounds: 7
  • Number of investors: 33

You can find their website here.

9) Hippo Insurance

Hippo Insurance is an InsurTech firm that employs technology to assist homeowners with property maintenance.

Details of the startup:

  • Country: United States
  • City: Palo Alto
  • Started in: 2015
  • Founders: Assaf Wand, Eyal Navon
  • Number of employees: 251-500
  • Funding amount: $709,000,000
  • Number of funding rounds: 8
  • Number of investors: 33

You can find their website here.

10) Corvus Insurance

Corvus Insurance is a commercial insurance company that uses artificial intelligence to help brokers and clients predict and avoid risk.

Details of the startup:

  • Country: United States
  • City: Boston
  • Started in: 2017
  • Founders: James McElhiney, Mike Lloyd, Philip Edmundson
  • Number of employees: 101-250
  • Funding amount: $160,800,033
  • Number of funding rounds: 5
  • Number of investors: 9

You can find their website here.

11) Super

Super is an insurtech startup that provides a home care and repair subscription service.

Details of the startup:

  • Country: United States
  • City: San Francisco
  • Started in: 2015
  • Founders: Bill Davis, Jorey Ramer, Ryan Donnelly
  • Number of employees: 51-100
  • Funding amount: $79,600,000
  • Number of funding rounds: 4
  • Number of investors: 25

You can find their website here.

12) Branch Insurance

Branch Insurance is the only business that can combine home and auto insurance in a single transaction.

Details of the startup:

  • Country: United States
  • City: Columbus
  • Started in: 2017
  • Founders: Joe Emison, Steve Lekas
  • Number of employees: 51-100
  • Funding amount: $82,500,000
  • Number of funding rounds: 4
  • Number of investors: 13

You can find their website here.

13) Doma

Doma is an insurtech platform that employs artificial intelligence to make residential real estate transactions more efficient.

Details of the startup:

  • Country: United States
  • City: San Francisco
  • Started in: 2016
  • Founders: Daniel Demetri, Max Simkoff
  • Number of employees: 251-500
  • Funding amount: $379,615,152
  • Number of funding rounds: 7
  • Number of investors: 15

You can find their website here.

14) ELEMENT Insurance

ELEMENT Insurance is a digital insurance technology business that provides custom-made, white-label product solutions.

Details of the startup:

  • Country: Germany
  • City: Berlin
  • Started in: 2017
  • Founders: Henning Groß, Inna Leontenkova, Richard Hector, Sascha Herwig
  • Number of employees: 101-250
  • Funding amount: € 66,000,000
  • Number of funding rounds: 5
  • Number of investors: 14

You can find their website here.

15) Next Insurance

Next Insurance is a small business and entrepreneur insurance firm that operates online.

Details of the startup:

  • Country: United States
  • City: Palo Alto
  • Started in: 2016
  • Founders: Alon Huri, Guy Goldstein, Nissim Tapiro
  • Number of employees: 251-500
  • Funding amount: $881,000,000
  • Number of funding rounds: 6
  • Number of investors: 16

You can find their website here.

16) Clearcover

Clearcover is a digital vehicle insurance company that offers coverage at a lower cost.

Details of the startup:

  • Country: United States
  • City: Chicago
  • Started in: 2016
  • Founders: Derek Brigham, Kyle Nakatsuji
  • Number of employees: 101-250
  • Funding amount: $304,500,000
  • Number of funding rounds: 4
  • Number of investors: 11

You can find their website here.

17) Salty.

Salty Dot, Inc. is a technological business that specializes in Embedded Insurance®.

Details of the startup:

  • Country: United States
  • City: Salt Lake City
  • Started in: 2019
  • Founders: James Hall, Mona Eliassen
  • Number of employees: 11-50
  • Funding amount: $34,661,854
  • Number of funding rounds: 3
  • Number of investors: 3

You can find their website here.

18) handdii

handdii is an online marketplace that connects customers with insurance company contractors.

Details of the startup:

  • Country: Australia
  • City: Melbourne
  • Started in: 2017
  • Founders: Christie Downs, Kathryn Wood
  • Number of employees: 11-50
  • Funding amount: $4,500,000
  • Number of funding rounds: 3
  • Number of investors: 7

You can find their website here.

19) Digit Insurance

Digit Insurance is a financial services firm that specializes in general insurance.

Details of the startup:

  • Country: India
  • City: Bengaluru
  • Started in: 2016
  • Founders: Kamesh Goyal, Philip Varghese, Sriram Shankar, Vijay Kumar
  • Number of employees: 1001-5000
  • Funding amount: $244,460,150
  • Number of funding rounds: 5
  • Number of investors: 4

You can find their website here.

20) Turtlemint

Turtlemint is an insurtech platform that helps people find and buy the right insurance products.

Details of the startup:

  • Country: India
  • City: Mumbai
  • Started in: 2015
  • Founders: Anand Prabhudesai, Dhirendra Mahyavanshi, Kunal Shah
  • Number of employees: 251-500
  • Funding amount: $77,000,000
  • Number of funding rounds: 5
  • Number of investors: 10

You can find their website here.

21) Snapsheet

Snapsheet’s cloud-native claims management software and tech-enabled evaluation services provide exceptional claims experiences.

Details of the startup:

  • Country: United States
  • City: Chicago
  • Started in: 2011
  • Founders: Brad Weisberg, CJ Przybyl
  • Number of employees: 251-500
  • Funding amount: $100,384,818
  • Number of funding rounds: 6
  • Number of investors: 20

You can find their website here.

22) Sidecar Health

Sidecar Health is an insurtech firm that offers a customizable health insurance platform.

Details of the startup:

  • Country: United States
  • City: El Segundo
  • Started in: 2018
  • Founders: Patrick Quigley, Veronica Osetinsky
  • Number of employees: 51-100
  • Funding amount: $163,000,000
  • Number of funding rounds: 3
  • Number of investors: 11

You can find their website here.

23) Bestow

Bestow is an insurance technology firm that provides families with affordable term life insurance.

Details of the startup:

  • Country: United States
  • City: Dallas
  • Started in: 2016
  • Founders: Jonathan Abelmann, Melbourne O’Banion
  • Number of employees: 101-250
  • Funding amount: $137,500,000
  • Number of funding rounds: 4
  • Number of investors: 8

You can find their website here.

24) Bold Penguin

Bold Penguin is a commercial insurance exchange that connects clients, agents, and carriers to find the best rate in the shortest amount of time possible.

Details of the startup:

  • Country: United States
  • City: Columbus
  • Started in: 2016
  • Founders: Ilya Bodner
  • Number of employees: 101-250
  • Funding amount: $50,500,000
  • Number of funding rounds: 5
  • Number of investors: 7

You can find their website here.

25) Pie Insurance

Pie Insurance is an insurtech that provides small businesses with workers’ compensation insurance.

Details of the startup:

  • Country: United States
  • City: Washington D.C.
  • Started in: 2017
  • Founders: Dax Craig, John Swigart
  • Number of employees: 251-500
  • Funding amount: $306,000,000
  • Number of funding rounds: 5
  • Number of investors: 12

You can find their website here.

26) BimaPe

For individuals and families across India, BimaPe demystifies insurance and its management. ‘BimaPe Bharosa Karo’ means ‘BimaPe Bharosa Karo.’

Details of the startup:

  • Country: India
  • City: Mumbai
  • Started in: 2020
  • Founders: Rahul Mathur
  • Number of employees: 1-10
  • Funding amount: $545,000
  • Number of funding rounds: 2
  • Number of investors: 5

You can find their website here.

27) Clark

Clark is an insurance platform that offers comprehensive coverage.

Details of the startup:

  • Country: Germany
  • City: Frankfurt
  • Started in: 2015
  • Founders: Chris Lodde, Christopher Oster, Garrett Whitmore, Marco Adelt, Steffen Glomb
  • Number of employees: 251-500
  • Funding amount: $128,050,383
  • Number of funding rounds: 5
  • Number of investors: 19

You can find their website here.

28) Mile Auto

Mile Auto is an automobile insurance firm that offers a pay-per-mile service that saves money for low-mileage customers.

Details of the startup:

  • Country: United States
  • City: Atlanta
  • Started in: 2017
  • Founders: Fred Blumer, Jim Cook, Joe Fuller, Scott Nelson
  • Number of employees: 1-10
  • Funding amount: $12,750,000
  • Number of funding rounds: 4
  • Number of investors: 8

You can find their website here.

29) PasarPolis

PasarPolis is an insurtech business that provides individuals with an online insurance comparison tool.

Details of the startup:

  • Country: Indonesia
  • City: Jakarta
  • Started in: 2015
  • Founders: Cleosent Randing
  • Number of employees: 51-100
  • Funding amount: $59,000,000
  • Number of funding rounds: 6
  • Number of investors: 11

You can find their website here.

30) Obie

Obie is an insurtech business that provides real estate investors with insurance and risk management.

Details of the startup:

  • Country: United States
  • City: Chicago
  • Started in: 2017
  • Founders: Aaron Letzeiser, Ryan Letzeiser
  • Number of employees: 11-50
  • Funding amount: $13,650,000
  • Number of funding rounds: 4
  • Number of investors: 11

You can find their website here.

31) LeaseLock

LeaseLock is a security deposit-free insurance technology firm that uses artificial intelligence.

Details of the startup:

  • Country: United States
  • City: Marina Del Rey
  • Started in: 2013
  • Founders: Derek Merrill, Reichen Kuhl
  • Number of employees: 101-250
  • Funding amount: $63,500,000
  • Number of funding rounds: 6
  • Number of investors: 20

You can find their website here.

32) GoBear

GoBear is an insurance, credit card, and loan comparison service.

Details of the startup:

  • Country: Singapore
  • City: Singapore
  • Started in: 2014
  • Founders: Frank Stevenaar, Ivonne Bojoh, Marnix Zwart
  • Number of employees: 101-250
  • Funding amount: $97,000,000
  • Number of funding rounds: 2
  • Number of investors: 2

You can find their website here.

33) Coverfox Insurance

Coverfox Insurance is an insurtech company that offers simple online insurance brokerage services.

Details of the startup:

  • Country: India
  • City: Mumbai
  • Started in: 2013
  • Founders: Devendra Rane, Varun Dua
  • Number of employees: 501-1000
  • Funding amount: $51,250,370
  • Number of funding rounds: 6
  • Number of investors: 13

You can find their website here.

34) Episode Six

Episode Six includes a flexible ledger and payment mechanism. Over 550 APIs provide easy access to financial technology.

Details of the startup:

  • Country: United States
  • City: Austin
  • Started in: 2015
  • Founders: Chermaine Hu, Futeh Kao, John Mitchell
  • Number of employees: 51-100
  • Funding amount: $40,000,000
  • Number of funding rounds: 3
  • Number of investors: 4

You can find their website here.

35) 180° Insurance

180° is an InsurTech firm that operates on the insurance-as-a-service paradigm.

Details of the startup:

  • Country: Brazil
  • City: Sao Paulo
  • Started in: 2020
  • Founders: Alex Körner, Franco Lamping, Mauro Levi D’Ancona
  • Number of employees: 11-50
  • Funding amount: R$44,000,000
  • Number of funding rounds: 1
  • Number of investors: 6

You can find their website here.

36) Hyphen Group

In Greater Southeast Asia, Hyphen Group is a leading fintech company.

Details of the startup:

  • Country: Hong Kong
  • City: Causeway Bay
  • Started in: 2014
  • Founders: Alister Musgrave, David Hatcher, Gerald Eder, Kenneth Lou, Shaun Kraft, Tee Ming Chew
  • Number of employees: 251-500
  • Funding amount: $116,000,000
  • Number of funding rounds: 4
  • Number of investors: 14

You can find their website here.

37) Coya

With an AI risk guardian and a simple, transparent, and personalized insurance cover, Coya provides scalable protection at the moment of need.

Details of the startup:

  • Country: Germany
  • City: Berlin
  • Started in: 2016
  • Founders: Andrew Shaw, Peter Hagen, Sebastian Villarroel
  • Number of employees: 101-250
  • Funding amount: $40,000,000
  • Number of funding rounds: 2
  • Number of investors: 4

You can find their website here.

38) Artivatic.ai

Artivatic’s patent-pending technology helps insurance companies tackle problems like onboarding, fraud, risk profiling, underwriting, and claims.

Details of the startup:

  • Country: India
  • City: Bengaluru
  • Started in: 2018
  • Founders: Layak Singh
  • Number of employees: 51-100
  • Funding amount: $1,153,010
  • Number of funding rounds: 6
  • Number of investors: 8

You can find their website here.

39) Bayzat

Bayzat is a technology firm that specializes in insurance and HR software.

Details of the startup:

  • Country: United Arab Emirates
  • City: Dubai
  • Started in: 2011
  • Founders: Brian Habibi, Talal Bayaa, Tarek Bayaa
  • Number of employees: 101-250
  • Funding amount: $28,598,445
  • Number of funding rounds: 5
  • Number of investors: 10

You can find their website here.

40) Riskcovry

Riskcovry is a “Insurance-in-a-Box” approach that provides a one-stop-shop platform to meet the digital insurance needs of any organization.

Details of the startup:

  • Country: India
  • City: Bengaluru
  • Started in: 2018
  • Number of employees: 11-50
  • Funding amount: $5,029,127
  • Number of funding rounds: 2
  • Number of investors: 6

You can find their website here.

41) FRIDAY

FRIDAY is the first German digital insurance to offer its own vehicle prices.

Details of the startup:

  • Country: Germany
  • City: Berlin
  • Started in: 2017
  • Founders: Christoph Samwer, Florian Eismann
  • Number of employees: 101-250
  • Funding amount: € 114,000,000
  • Number of funding rounds: 1
  • Number of investors: 3

You can find their website here.

42) PolicyStreet

PolicyStreet is an online platform that streamlines the insurance purchasing process.

Details of the startup:

  • Country: Malaysia
  • City: Kuala Lumpur
  • Started in: 2016
  • Founders: Wilson Beh, Winnie Chua, Yen Ming Lee
  • Number of employees: 11-50
  • Funding amount: $3,551,265
  • Number of funding rounds: 4
  • Number of investors: 4

You can find their website here.

43) simplesurance

Simplesurance combines traditional insurance industries with digital business to develop a platform for easy access to insurance.

Details of the startup:

  • Country: Germany
  • City: Berlin
  • Started in: 2012
  • Founders: Felix Jankowski, Ismail Asci, Joachim von Bonin, Patrick Frey, Robin von Hein
  • Number of employees: 101-250
  • Funding amount: $78,064,754
  • Number of funding rounds: 10
  • Number of investors: 19

You can find their website here.

44) omni:us

omni:us has developed a set of insurance-specific AI solutions for claims administration.

Details of the startup:

  • Country: Germany
  • City: Berlin
  • Started in: 2015
  • Founders: Eric Pfarl, Harald Gölles, Martin Micko, Sofie Quidenus-Wahlforss, Stephan Dorfmeister
  • Number of employees: 51-100
  • Funding amount: $44,108,775
  • Number of funding rounds: 7
  • Number of investors: 17

You can find their website here.

45) Relay Platform Inc

P&C insurance and reinsurance arrangements on a SaaS platform

Details of the startup:

  • Country: Canada
  • City: Toronto
  • Started in: 2019
  • Founders: Greg Boutin
  • Number of employees: 11-50
  • Funding amount: $8,130,502
  • Number of funding rounds: 2
  • Number of investors: 5

You can find their website here.

46) Igloo

Igloo is an insurtech AI platform that creates digital insurance products to make insurance more accessible.

Details of the startup:

  • Country: Singapore
  • City: Singapore
  • Started in: 2016
  • Founders: Wei Zhu
  • Number of employees: 11-50
  • Funding amount: $16,000,000
  • Number of funding rounds: 1
  • Number of investors: 6

You can find their website here.

47) Acheel

Acheel is an insurtech startup that provides insurance that is completely digital, accessible, and innovative.

Details of the startup:

  • Country: France
  • City: Paris
  • Started in: 2020
  • Number of employees: 11-50
  • Funding amount: € 29,000,000
  • Number of funding rounds: 1
  • Number of investors: 3

You can find their website here.

48) FRISS

Friss is a P&C insurer’s analytics software supplier for fraud, risk, and compliance.

Details of the startup:

  • Country: The Netherlands
  • City: Utrecht
  • Started in: 2006
  • Founders: Christian van Leeuwen, Jeroen Morrenhof
  • Number of employees: 101-250
  • Funding amount: € 15,000,000
  • Number of funding rounds: 1
  • Number of investors: 2

You can find their website here.

49) Pier

Pier is a digital insurance company that offers coverage for both smartphones and automobiles.

Details of the startup:

  • Country: Brazil
  • City: Sao Paulo
  • Started in: 2018
  • Number of employees: 51-100
  • Funding amount: $22,080,962
  • Number of funding rounds: 2
  • Number of investors: 4

You can find their website here.

50) Elma

Using technology and running an insurance company, Elma makes healthcare access a patient-centric and completely customized experience.

Details of the startup:

  • Country: Spain
  • City: Barcelona
  • Started in: 2017
  • Founders: Albert Malagarriga, Miguel Antón
  • Number of employees: 11-50
  • Funding amount: € 7,100,000
  • Number of funding rounds: 3
  • Number of investors: 7

You can find their website here.

51) insureQ

InsureQ is an insurance firm that caters to the needs of SMEs, freelancers, and startups.

Details of the startup:

  • Country: Germany
  • City: Munich
  • Started in: 2019
  • Founders: Alexander Marius Le Prince, Iven Schorr, Johannes Breulmann, Laibing Yang, Luisa Müller-Wittmann
  • Number of employees: 11-50
  • Funding amount: € 5,000,000
  • Number of funding rounds: 2
  • Number of investors: 4

You can find their website here.

52) Credolab

Credolab’s Embedded Scoring – The Confidence to Say “Yes”

Details of the startup:

  • Country: Singapore
  • City: Singapore
  • Started in: 2016
  • Founders: Adrian Chng, Greg Krasnov, Peter Barcak
  • Number of employees: 11-50
  • Funding amount: $10,050,000
  • Number of funding rounds: 7
  • Number of investors: 7

You can find their website here.

53) DocDoc

DocDoc is the first patient intelligence company in the world.

Details of the startup:

  • Country: Singapore
  • City: Singapore
  • Started in: 2012
  • Founders: Cole Sirucek, Dawn Soo, Grace Park
  • Number of employees: 51-100
  • Funding amount: $24,600,000
  • Number of funding rounds: 5
  • Number of investors: 5

You can find their website here.

54) Finanzchef24

Through its independent online comparison platform, Finanzchef24 offers digital commercial insurance to enterprises and self-employed people in Germany.

Details of the startup:

  • Country: Germany
  • City: München
  • Started in: 2012
  • Founders: Felix Schollmeier, Hendrik Rennert
  • Number of employees: 101-250
  • Funding amount: € 14,000,000
  • Number of funding rounds: 5
  • Number of investors: 6

You can find their website here.

55) Toffee Insurance

Toffee Insurance is a one-stop shop for all of your insurance needs.

Details of the startup:

  • Country: India
  • City: Gurgaon
  • Started in: 2017
  • Founders: Nishant Jain, Rohan Kumar
  • Number of employees: 51-100
  • Funding amount: $7,100,000
  • Number of funding rounds: 4
  • Number of investors: 6

You can find their website here.

56) Kanopi

Kanopi is a data-driven insurtech that combines insurers with digital platforms so that clients may get the correct insurance.

Details of the startup:

  • Country: Australia
  • City: Melbourne
  • Started in: 2014
  • Founders: Nigel Fellowes-Freeman
  • Number of employees: 11-50
  • Funding amount: A$5,000,000
  • Number of funding rounds: 3
  • Number of investors: 2

You can find their website here.

57) Zelros

Zelros is an AI-powered end-to-end business platform that integrates common sales and claims situations.

Details of the startup:

  • Country: France
  • City: Paris
  • Started in: 2016
  • Founders: Christophe Bourguignat, Damien Philippon, Fabien Vauchelles
  • Number of employees: 11-50
  • Funding amount: $16,109,513
  • Number of funding rounds: 2
  • Number of investors: 6

You can find their website here.

58) Pitzi

Pitzi is an insurtech business that transforms smartphone insurance through cutting-edge CX design and an innovative supply chain.

Details of the startup:

  • Country: Brazil
  • City: Sao Paulo
  • Started in: 2012
  • Founders: Daniel Hatkoff
  • Number of employees: 101-250
  • Funding amount: $29,788,821
  • Number of funding rounds: 4
  • Number of investors: 11

You can find their website here.

59) INZMO

INZMO is a cutting-edge insurance platform that adds value and improves the insurance experience for all parties involved at critical phases.

Details of the startup:

  • Country: Germany
  • City: Berlin
  • Started in: 2015
  • Founders: Meeri Rebane, Risto Klausen
  • Number of employees: 11-50
  • Funding amount: $7,871,905
  • Number of funding rounds: 5
  • Number of investors: 4

You can find their website here.

60) Coverflex

For modern businesses, flexible remuneration is essential.

Details of the startup:

  • Country: Portugal
  • City: Braga
  • Started in: 2019
  • Founders: Luis Rocha, Luis Rocha, Miguel Santo Amaro, Nuno Pinto, Rui Carvalho
  • Number of employees: 11-50
  • Funding amount: € 5,000,000
  • Number of funding rounds: 2
  • Number of investors: 5

You can find their website here.

61) AKUR8

AKUR8 is a SaaS Insurtech that specializes in transparent AI-powered insurance pricing optimization.

Details of the startup:

  • Country: France
  • City: Paris
  • Started in: 2018
  • Founders: Guillaume Beraud-Sudreau, Samuel Falmagne
  • Number of employees: 11-50
  • Funding amount: € 35,300,000
  • Number of funding rounds: 3
  • Number of investors: 2

You can find their website here.

62) OneDegree

OneDegree is a digital insurer and a technology business that has totally automated the insurance process from beginning to end.

Details of the startup:

  • Country: Hong Kong
  • City: Kwun Tong
  • Started in: 2016
  • Founders: Alex Leung, Alvin Kwock
  • Number of employees: 11-50
  • Funding amount: $30,000,000
  • Number of funding rounds: 1
  • Number of investors: 3

You can find their website here.

63) Coherent

Coherent is a Hong Kong-based insurtech firm that develops digital solutions for some of the world’s largest insurers.

Details of the startup:

  • Country: Hong Kong
  • City: Causeway Bay
  • Started in: 2015
  • Founders: Eric Forgy, Fred Ngan, John Brisco, Michael Chan
  • Number of employees: 101-250
  • Funding amount: $14,000,000
  • Number of funding rounds: 1
  • Number of investors: 2

You can find their website here.

64) AppMan

AppMan is a leading insurtech for life insurance in Thailand and the Asian market, offering technologies to improve sales experience.

Details of the startup:

  • Country: Thailand
  • City: Huai Khwang
  • Started in: 2011
  • Founders: Amarit Franssen, Nuttapon Kongkitimanon, Pak Rattidham, Thanapoom Chareonsiri
  • Number of employees: 101-250
  • Funding amount: THB139,000,000
  • Number of funding rounds: 1
  • Number of investors: 5

You can find their website here.

65) justInCase

justInCase is Japan’s first full-stack InsurTech firm, providing online P2P insurance as well as AI-based health and small-amount insurance.

Details of the startup:

  • Country: Japan
  • City: Tokyo
  • Started in: 2016
  • Founders: Hiroo Koizumi, Kazuya Hata, Shinichi Nasukawa
  • Number of employees: 11-50
  • Funding amount: ¥1,195,000,000
  • Number of funding rounds: 4
  • Number of investors: 11

You can find their website here.

66) Ignatica

Company that provides a technology platform for the financial services industry.

Details of the startup:

  • Country: Hong Kong
  • City: Central
  • Started in: 2018
  • Founders: Adhish Pendharkar, Manuel San Miguel, Travis Callahan
  • Number of employees: 11-50
  • Funding amount: $7,000,000
  • Number of funding rounds: 3
  • Number of investors: 7

You can find their website here.

67) CarePay

CarePay has created a platform for distributing mobile health data and payments that has the potential to revolutionize healthcare.

Details of the startup:

  • Country: The Netherlands
  • City: Amsterdam
  • Started in: 2015
  • Founders: Michiel Slootweg
  • Number of employees: 101-250
  • Funding amount: $45,174,362
  • Number of funding rounds: 2
  • Number of investors: 3

You can find their website here.

68) Coru

Coru is a financial fitness program that promotes financial well-being.

Details of the startup:

  • Country: Mexico
  • City: Mexico City
  • Started in: 2014
  • Founders: Enrique Horcasitas, Freddy Dominguez, Stefan Bruun
  • Number of employees: 51-100
  • Funding amount: $15,000,000
  • Number of funding rounds: 3
  • Number of investors: 7

You can find their website here.

69) Telemedi.co

For insurance and medical firms, revolutionizing healthcare services.

Details of the startup:

  • Country: Poland
  • City: Warsaw
  • Started in: 2014
  • Founders: Paweł Sieczkiewicz, Piotr Słomian
  • Number of employees: 51-100
  • Funding amount: $7,389,296
  • Number of funding rounds: 2
  • Number of investors: 5

You can find their website here.

70) BetterTradeOff

BTO reimagines financial counseling, empowering everyone, regardless of wealth or financial knowledge, to make better financial decisions.

Details of the startup:

  • Country: Singapore
  • City: Singapore
  • Started in: 2015
  • Founders: Laurent Bertrand, Robert Lonsdorfer, Vincent Weber
  • Number of employees: 11-50
  • Funding amount: SGD8,000,000
  • Number of funding rounds: 4
  • Number of investors: 1

You can find their website here.

FAQs

Is InsurTech Business Profitable?

The profitability of an InsurTech business depends on multiple factors, including the type of services offered, the size of the company, the market it is operating in, and the level of competition. Generally speaking, InsurTech businesses that focus on providing innovative services and technology to the insurance industry can be very profitable. 

In addition, InsurTech businesses that have a well-developed network of partners and customers can also be successful. Ultimately, the success of an InsurTech business is determined by its ability to provide value to its customers.

What Is The Average Investment In InsurTech?

The average investment in InsurTech businesses can vary greatly depending on the specific business, its size, and the type of technology being used. Generally speaking, investments in InsurTech businesses range from a few hundred thousand dollars to tens of millions of dollars.

This post was proofread by Grammarly. Try it – It’s Free!

Millions trust Grammarly’s free writing app to make their online writing clear and effective. Getting started is simple

Promoted Did you know that brands using Klaviyo average a 95x ROI?

Email, SMS, and more — Klaviyo brings your marketing all together, fueling growth without burning through time and resources.

Deliver more relevant email and text messages — powered by your data. Klaviyo helps you turn one-time buyers into repeat customers with all the power of an enterprise solution and none of the complexity.

Try Klaviyo for free right now ➜

Similar Posts