69 Best Insurance Startups to Watch in 2024

Alan is a digital health insurance provider for companies and freelancers.

Total Raised: $825.20M

Last Funding: $15.00M (Seed)

Accession Risk Management Group offers risk management, insurance, reinsurance, employee benefits, and consulting services.

Total Raised: $1000.00M

Last Funding: $1000.00M (Debt Financing)

Quantexa is a company that enables institutions to make better decisions using their data.

Total Raised: $370.00M

Last Funding: $64.70M (Series C)

Factorial is an automates HR operations founded in 2016.

Total Raised: $176.00M

Last Funding: $80.00M (Series C)

INARI provides technology software for insurers, reinsurers, MGAs and Lloyd's syndicates on a cloud-based blockchain platform.

Total Raised: $94.20M

Last Funding: $5.20M (Seed)

wefox is a digital insurance provider and platform that was founded in 2015.

Total Raised: $923.95M

Last Funding: $55.00M (Series D)

Digital insurance platform for commercial and ride-share drivers, owners, and fleets.

Total Raised: $26.00M

Last Funding: $19.00M (Series B)

Xempus AG is a Bayern, Germany-based company specializing in the digitalization of corporate pension and life insurance.

Total Raised: $123.08M

Last Funding: $22.80M (Series B)

Flock is a real-time messaging and collaboration app for team communication.

Total Raised: $37.89M

Last Funding: $37.89M (Series B)

Zego is a London-based, on-demand insurance platform providing a range of commercial insurance options for vehicle owners.

Total Raised: $272.00M

Last Funding: $80.00M (Unknown)

Machine learning platform for data scientists and engineers to help create enterprise AI.

Total Raised: $100.00M

Last Funding: $100.00M (Unknown)

A company developing a distribution and underwriting platform for the insurance industry.

Total Raised: $72.08M

Last Funding: $45.00M (Series B)

Friss is a company that develops fraud detection and risk assessment software for P&C Insurance companies.

Total Raised: $65.00M

Last Funding: $0.00M (Unknown)

ComplyAdvantage is a company developing machine learning and big data based financial crime fighting software.

Total Raised: $50.00M

Last Funding: $20.00M (Series C)

Akur8 is an insurance company offering multiple coverages, including life, health, P&C, and home insurance.

Total Raised: $41.32M

Last Funding: $30.00M (Series B)

CybSafe is a cloud-based platform focussed on addressing the human component of cyber security - an intelligent approach to awareness training.

Total Raised: $35.70M

Last Funding: $28.00M (Series B)

claimsforce is a B2B InsurTech in the field of claims management.

Total Raised: $8.30M

Last Funding: $8.30M (Series A)

Employee benefits platform that provides a comprehensive solution in one place.

Total Raised: $18.42M

Last Funding: $16.00M (Series A)

Root is a company founded in 2016.

Total Raised: $3.00M

Last Funding: $3.00M (Seed)

Developer of a multi-product insurance platform intended to emphasize the understanding, pricing, and use of insurance. The company's platform focuses on offering predefined cover amounts paid when the insurance conditions are met and simplifying such conditions in order to honor the promise to pay.

Total Raised: $7.20M

Last Funding: $7.20M (Series A)

Nexus Mutual is a decentralized insurance protocol built on Ethereum that allows members to join and share risk.

Total Raised: $2.70M

Last Funding: $2.70M (Seed)

RegTech platform that helps organizations manage compliance and regulatory documents.

Total Raised: $10.80M

Last Funding: $10.80M (Series B)

With asistensi, migrants will be protected against the financial setbacks of health emergencies in their families back home while becoming the heroes that take care of the theyllness of their loved ones.

Total Raised: $14.50M

Last Funding: $11.00M (Series A)

Platform providing easy access to insurance by merging traditional insurance with digital business.

Total Raised: $18.23M

Last Funding: $18.23M (Unknown)

Platform that provides cloud-based software to assist estate agents, landlords, and tenants in managing the rental process.

Total Raised: $12.38M

Last Funding: $12.38M (Unknown)

Total Raised: $3.38M

Last Funding: $3.38M (Seed)

Decent is an Austin, Texas-based company founded in 2018 by Nick Soman, Richard Luck and Michael Lapinski Ph.D..

iCapital is a Tel Aviv-based company founded in 2016 by Roman Lasker.

Surefyre is a San Francisco-based company founded in 2017.

GeroCare makes it easy for Africans anywhere in the world provide regular doctor home visits for their elderly parents in Africa.

Developer of an online insurance comparison platform designed to ease the decision of policy selection. The company's platform is equipped with artificial intelligence and offers a drive chatbot with multiple quotes from established and trusted life insurers as well as suggests life insurance covers based on the client's needs and requirements.

10Life is a company that has developed a platform to compare insurance quotes.

Scripted is a company founded in 2011.

Root Insurance is an insurance technology company offering car insurance founded in 2002.

Bright Health is a Minneapolis-based provider of individual, family and Medicare Advantage healthcare plans in Alabama, Arizona, Colorado, New York City, Ohio and Tennessee.

Desert Financial Credit Union is a Phoenix, Arizona-based company.

A technology company offering a platform for payroll, benefits, human resources, and compliance.

Stripe is a financial technology company providing software that allows businesses and individuals to make and receive online payments.

An insurance technology company utilizing technology, design and data to humanize health care. and offer health insurance.

Medallia is a company providing software-as-a-service based customer experience management software.

Health IQ is a company founded in 2014 by Munjal Shah, Mark Brenneman, Brett Cooper, Gaurav Suri, Ardaman Singh, Betsy Filson, Chander Sudanthi, Shuo Jiao and Vishal Parikh.

PhonePe is a mobile payment application that enables users to transfer money instantly.

Lemonade is an insurance technology company using artificial intelligence and behavioral economics to offer home and renters insurance.

Thumbtack is a company operating an online platform for finding and hiring workers for particular tasks.

Mu Sigma is a company providing analytics services for businesses.

EQT Partners is a Stockholm-based company founded in 1994.

A company creating software for the property and casualty insurance industries.

A company developing artificially intelligent software for the insurance industry.

Carro is a Singapore-based company founded in 2015.

Logical Glue is an explainable AI-based platform for enterprises focused on multi-function predictive analytics.

Kanopi is a data-driven insurtech that connects insurers and digital platforms so they can provide the right insurance to their customers. 

Call analytics platform that uses artificial intelligence to transcribe and analyze sales calls, providing enterprises with actionable feedback to improve the performance of their sales teams.

WeTrust is a blockchain based platform for providing decentralized financial services.

Ledger Investing is a marketplace for insurance securitization founded in 2016 by Aymeric Rabot, Julien Brissonneau and Samir Shah.

CoverFox is a Mumbai-based insurance technology company offering an online platform for managing insurance policies.

Turtlemint is a Mumbai-based insurance technology company providing a platform to facilitate the process of buying and managing insurance policies.

MobiLife is an insurance provider aiming to transform micro-insurance in South Africa.

Incusivity Solutions is a South Africa-based company founded in 2015.

Afiniti is a company providing artificial intelligence solutions that enable the transformation of enterprise profitability.

Concirrus take a fresh approach to solving the challenges faced by the insurance industry.

HealthEngine is a Chicago-based company founded in 2012.

Verisart is a company founded in 2021.

Coalition combines comprehensive insurance and proprietary security tools to help businesses manage and mitigate cyber risk.

Developer of a healthcare management platform designed to assist in delivering patient-centered care through a virtual hospital model.

Semsee is a company founded in 2017 by Philip Charles-Pierre.

Pineapple is a Johannesburg-based company founded by Marnus van Heerden.

Fabric Insurance is a Brooklyn-based digital insurance broker.

Galileo is a developer of healthcare technology to provide a digital healthcare platform and a value-based care delivery model with an underlying clinical intelligence system.