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InsurTech Companies
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Companies in InsurTech
There are 8,917 companies in InsurTech which include Digit Insurance, Lemonade, Alan, NerdWallet, Sedgwick. 3,179 companies in InsurTech are funded, with 1,742 having secured Series A funding. Till date, the sector has seen the creation of 45 Unicorns. United States has the most number of companies in InsurTech (3,318), followed by United Kingdom
(963), and then India (621).
2025 has seen the creation of 5 InsurTech companies. On average, the last 10 years have seen 433 new companies launched every year. Most number of InsurTech startups have been founded by alumni from Stanford University, Harvard University and University of Pennsylvania.
Here is a List of top companies in InsurTech
Provider of app-based insurance platform for individuals. The platform offers auto, health, travel, and flight delay insurance. Its features include a digital consultant tool to help pick the insurance coverage for the business and a home loan EMI calculator. It offers claims processing services. It offers solutions to agents to offer insurance services to customers.
Key facts about Digit Insurance
- Founded Year: 2016
- Location: Bengaluru (India)
- Stage: Public
- Total Funding till date: $467M
- Investors: Faering Capital, A91 Partners and 36 Others
- Latest Funding Round: Series D, May 04, 2022, $54.5M
- 秘密研究所 Score: 86/100听
- Competitors Rank: 1 of 24 Competitors
2. Lemonade
Provider of a cloud-based platform for life and P&C insurance. It offers quotes for renters insurance, condo insurance, pet insurance, homeowners insurance, and life insurance. It offers an artificial intelligence bot to craft insurance for users. The app is available for Android and iOS platforms.
Key facts about Lemonade
- Founded Year: 2015
- Location: New York City (United States)
- Stage: Public
- Total Funding till date: $644M
- Investors: Sequoia Capital, SoftBank Group and 50 Others
- Latest Funding Round: Series D, Jul 08, 2019, $175M
- 秘密研究所 Score: 86/100听
- Competitors Rank: 1 of 58 Competitors
3. Alan
Alan provides an app-based health insurance platform for individuals and businesses. It offers multiple plans such as Alan Green for health care protection, Alan Blue for reimbursement on uncovered hospitals, Alan Pension for employees, and more. It offers policies for freelancers, businesses, hotels, restaurants, startups, and more. The app is available for Android and IOS platforms.
Key facts about Alan
- Founded Year: 2016
- Location: Paris (France)
- Stage: Series F
- Total Funding till date: $747M
- Investors: Index Ventures, CNP Assurances and 18 Others
- Latest Funding Round: Series F, Sep 20, 2024, $193M
- 秘密研究所 Score: 86/100听
- Competitors Rank: 1 of 10 Competitors
4. NerdWallet
NerdWallet offers an app-based comparison platform for financial products. It offers comparisons for consumer & business loans, mortgage loans, credit cards, insurance, travel bookings, savings & current accounts, investments, and more. It also enables users to monitor credit scores. The app is available on iOS and Android devices.
Key facts about NerdWallet
- Founded Year: 2009
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $123M
- Investors: , IVP and 10 Others
- Latest Funding Round: Series B, Dec 01, 2020, $54.3M
- 秘密研究所 Score: 83/100听
- Competitors Rank: 1 of 303 Competitors
5. Sedgwick
Key facts about Sedgwick
- Founded Year: 1969
- Location: Memphis (United States)
- Stage: Acquired
- Total Funding till date: $2.63M
- Investors: The Carlyle Group, Stone Point Capital and 9 Others
- Latest Funding Round: PE, Sep 12, 2024
- 秘密研究所 Score: 82/100听
- Competitors Rank: 1 of 1,054 Competitors
