Insurance Tech Rankings

3.33% insurance administration market share; 622+ companies globally 2025; 7 of top 10 insurance brokers use Epic; 20% broker growth 2024; 48% increase in GWP traded on platform

$526.5M revenue 2024 (+22.5% YoY); $710-715M expected 2025 (+35-36% YoY); 2.69M customers Q2 2025; $1.083B in-force premiums (+26% CAGR); 67% loss ratio (down from 79%); AI insurtech leader

$1B valuation; $320M funding; $671M revenue 2022; 201-500 employees; 70+ insurers in 25+ countries; IFB partnership 2026; Celent Luminary 2024; AI fraud detection leader

$945M revenue 2024 (+9.05% YoY); Q3 2025 $267.1M (+12% YoY); 35,000+ businesses connected; 30,500+ repair facilities; 10,000+ using AI solutions; 39-42% adjusted EBITDA margins; top-10 insurers contracting; insurance tech leader

$98M funding; 40+ insurers; 71% revenue growth 2022; 75% customer growth; 117% policy growth; App MarketPlace 35+ providers; insurance platform leader

$1B valuation 2021; $185M funding; $65M Series E SoftBank 2023; 213 employees; 9 markets globally; Root/Verisk/Covéa customers; 10x faster claims; AI claims leader

$1.17B revenue 2024 (+160% YoY); $30.9M profit 2024 (first profitable year); 414,862 policies (+21% YoY); Munich Re $50M investment May 2024; 35 states; telematics insurtech leader

$750M revenue Aug 2025; $177M funding; 1.1K employees; customers: Liberty Mutual, AIG, Sompo Japan, AMI Insurance; Celent Challenger P&C core systems; Celent Technology Standout 2024-2025; cloud-native insurance platform leader

$250M+ revenue 2023; 350+ insurers; 1000+ implementations; 90% customers in cloud; Rule of 40+ SaaS; #1 InsurTech Software Report 2024; #6 FinTech Report 2024; Top 100 InsurTech 2024; insurance platform leader

$70M+ funding; acquired by Applied Systems July 2024; $3.8M revenue 2024; 50%+ top 30 insurers; 80 employees; first GenAI underwriting workbench; insurance AI leader

Acquired by Moody's Jan 2025; $24.3M revenue 2024; $75M funding; 50+ insurance customers; Hippo/Amica/State Auto customers; 40 states approved; property intelligence leader

Leading international insurance with $49B in revenue

MetLife Investment Management to Acquire PineBridge Investments for $1.2 Billion MetLife announced the acquisition of PineBridge Investments, a global asset manager with approximately $100 billion in assets under management, for $1.2 billion from Pacific Century Group. The transaction includes $800 million cash at closing, $200 million tied to 2025 financial metrics, and $200 million subject to multi-year earnout.

Acquired by Applied Systems Sept 2025; $43.2M funding; £94.8M valuation; 132 employees; AI risk assessment for commercial insurers; Vāyuh/Smarty partnerships; explainable AI leader

Prudential Financial Inc., $2.727B net income 2024, $1.612T AUM Q3 2025 (+5%), top 5 US life insurer, 50% earnings US, 40% international, $59.5B TTM revenue, Q3 2025 net income $1.431B (+219% YoY), PGIM asset management $1.470T AUM

$103M funding ($5M 2023 State Farm); profitable 2023; 4.3M claims/year; $15.3B indemnity processed; 15 of top 20 US P&C insurers; CNBC Top Fintech 2025; claims management leader

$189.1B revenue 2024, 115M members (1 in 3 Americans), BCBSM Medicare Advantage expansion, largest health insurer network

Global insurance and investment management leader with operations in 50+ countries

European insurance giant with global asset management and risk solutions leadership

$6.47B premiums 2024 (up from $4.83B 2023), broke into top 10 insurers, #9 nationally, 1.80% market share, J.D. Power #2 customer satisfaction

$400.3B revenue 2024 (+8%), largest US health insurer 50M+ people, 146M served all businesses, $450-455B revenue guidance 2025

CVS Health, $372.8B revenue 2024 (+4%), Aetna segment $71.1B H1 2025 (+9.9%), 27.1M members, exiting ACA 2026, improving Medicare Advantage

$115.8B revenue 2024 (+12.7% YoY), 5.7M Medicare Advantage members, CenterWell Senior Primary Care expansion, #3 US health insurer

Loovi Activities Suspended by Brazil's Insurance Regulator SUSEP for Marketing Irregularities Brazil's Superintendence of Private Insurance (SUSEP) suspended Loovi's activities after complaints from FENACOR about irregularities in how the company marketed itself as an insurance company rather than an insurance representative, though Loovi continues to operate as an authorized representative for LTI Seguros.

Progressive Reports Record 2024 Results with $75.34B Revenue and 21.4% Growth Progressive announced full-year 2024 revenue of $75.34 billion, up 21.4% from 2023, with net income exceeding $5 billion. The company achieved an industry-leading 68.9% loss ratio and grew personal auto policies in force by 21%, solidifying its position as the #2 U.S. auto insurer.

$3M seed Feb 2023 Tencent/AAF/Elefund/Blue Point/Pioneer/Olive Tree (total $5.02M with $3.5M YC/Tencent/Google); Fitbit CEO/Flutterwave CEO/Kuda CEO angels; 600% transaction/500% revenue growth 2022; $100M+ claims processed; 5K+ service providers 8 African markets; 20 insurers AXA/Old Mutual/Jubilee; 70%+ cycle reduction; 10x processing; YC W22

District Cover Secures $6 Million in Funding to Expand Access to Insurance for Urban Businesses District Cover closed a $6 million funding round led by IA Capital with support from Mosaic and Impact America Fund, nearly doubling its valuation to $26 million. The investment will fuel growth in team, product development, and city partnerships.

Kin Raises $50M Series E at $2B Valuation to Help Homeowners Adapt to Increased Extreme Weather Kin announced an oversubscribed $50 million Series E financing at $2 billion pre-money valuation led by QED Investors and Activate Capital, plus $200 million in debt led by Wellington Management, to expand coverage in catastrophe-prone markets.

Faura Raises $3.5M Seed Round to Transform Climate Risk and Property Insurance Faura announced a $3.5 million seed round co-led by Harlem Capital and Building Ventures, with participation from MetaProp, Triple Five, and Dorm Room Fund, bringing total funding to $4.43 million to expand its property survivability analytics platform.

C$4.5M seed Feb 2024 (total $6.81M) Mistral Venture Partners lead with MS&AD/SixThirty/Morgan Creek/YC/Greenlight/Chaucer; 17 employees; Founded 2020; Toronto Canada; Armilla Guaranteed™ platform; Swiss Re/Greenlight/Chaucer warranty backing; Bias detection; EU AI Act/NIST compliance; License fee reimbursement guarantee; YC W22

$500K pre-seed Apr 3 2024 (YC W24); Founded 2022; $600K annual revenue 2024; 4 employees; 5 stars 139 Trustpilot reviews; $8B US opportunity; 2x industry agent production automation; Online applications; Affordable quotes minutes; Federal construction contractors; Technology-driven modern alternative; Surety bonds 21st century

$1.29M total ($500K YC 2023); Founded 2021 Mukundi; 28 employees Nairobi; YC 2023; First Rwandan YC; 43% cost reduction; 90M uninsured African employees; $11Bn to $72Bn 12yrs market; Higa/Botnar/Google/Acacia/AfDB; 19 investors; Digital health insurance; Employer-focused; Africa; Cheaper insurance; Underwriting; Kenya/Rwanda

Delos Wildfire Science Opens Up Insurance for 265,000 More Southern California Homes Delos announced that improved wildfire modeling confidence enables it to insure 265,000 additional homes in five Southern California counties, representing an 11% increase in eligible properties through more accurate risk assessment.

$3.5M revenue 2024 (conflicting: ₹1.34Cr Mar 2024); Unfunded (April 2025 M&A offer mentioned); 23 employees; Founded 2021 Kunal Popat/Rachit Puri; Mumbai India; Insurtech Partner 2023 award; 85% premium collection channel; 20B premium market; 1B dollar opportunity 22% CAGR; Insurance distributor empowerment; YC W22

US$3M (~$3.8M) seed July 2022 (YC/SiriusPoint/Axis Reinsurance/Berkley Life & Health); World's first on-demand accidental death insurance for surgery; Proprietary ML risk model; Auto-underwriting/auto-adjudication; Berkley Insurance backed; Founded 2021 Leon Punambolam; Kitchener ON

$2.3M funding Nov 2024 (EBRD VC lead/YC follow-on); $4.76M total funding; 14X YoY retail distribution growth; 5X SME offerings increase; Robust profit margins; First licensed online broker in Egypt; $2B market 20%+ YoY growth; 100M population low penetration

$10M Series A Aug 2025 (Hedosophia/American Family Ventures lead); 10,000+ active customers; 450+ agents/brokers; Mexico #1 app 4.9/5 rating; Fastest license approval record; Founded 2021; 18 employees; Mexico City; YC backed; LatAm insurtech recovery 2025

Wefox Appoints Joachim Müller as CEO Former Allianz executive Joachim Müller was appointed as CEO to lead Wefox's next phase of growth, succeeding interim CEO Mark Hartigan and focusing on building the right foundations to scale the business in Europe.

Insurtech Zego Hits Profit Milestone Zego achieved monthly profitability in Q4 2024 with a 90% combined operating ratio, marking a defining year for the company as it transitioned from startup to profitable challenger in the UK motor insurance market.

Travelers Acquires Tech Assets of Insurtech Trōv Travelers Insurance Group acquired Trōv's technology assets for its Personal Insurance segment, bringing the on-demand insurance pioneer's innovative platform and team into the Travelers organization.

Lemonade Completes Acquisition of Metromile Lemonade finalized its acquisition of Metromile for approximately $500 million, gaining insurance licenses in 49 states, over $110 million in car premiums, and precision data from 500 million car trips.

Policygenius Publishes Monthly Life Insurance Price Index Policygenius continued its monthly Life Insurance Price Index reports throughout 2024, tracking pricing trends across nine major carriers and providing market intelligence to consumers.

$8M total funding ($7M seed, Bain Capital Ventures/Susa Ventures/Viewpoint Ventures/YC); $200B specialty insurance market (Cyber/Flood/Trucking); Automating email-based workflows; Minutes vs weeks processing; Founded 2018; New York

Steadily Ranks No. 63 on Inc. 5000 with 4,606% Growth Steadily achieved three-year revenue growth of 4,606%, placing it among the top 1.5% of companies on the Inc. 5000 list of America's fastest-growing private companies.

$6.5M Pre-Series A Jul 2024 (The Gentree Fund, BEENEXT lead, YC); Health Plan Philippines acquisition Nov 2023; Filipino SME focus; 110M population coverage gap; YC W21 (Winter 2021)

$22.3M total funding; $13.5M Series A Feb 2024 (Costanoa Ventures, Intact, Era, Greenlight Re, Spark Capital); 5x GWP growth YoY; Expanded to 4 products; YC W21 (Winter 2021)

$6.5M total funding; $3.5M Pre-Series A Oct 2023 led by Orios Venture Partners with Finsight Ventures, 2am VC; Previous $500K seed Mar 2021; YC W21 (Winter 2021)